LEHIGH VALLEY, Pa.,
Jan. 7, 2019 /PRNewswire/ -- Air
Products (NYSE: APD), the leading global hydrogen provider, today
announced plans to build a second liquid hydrogen production
facility in California to meet
increasing product demand from several customer markets, including
the growing fleet of hydrogen fuel cell vehicles (FCV) in the
state. Project development work is already underway with an
anticipated facility onstream during the first quarter of 2021.
"Current customer demand for liquid hydrogen is driving the need
for this new investment as we are experiencing growth from many
traditional market segments, for which a reliable source of this
product is vitally important. Additionally, this new capacity will
be available for the steadily increasing demand from hydrogen fuel
cell vehicles," said Marie Ffolkes,
president, Americas at Air Products.
Liquified hydrogen is delivered in trailers to customers in
industries including: electronics, chemical and petrochemical,
metals, material handling, float glass, edible fats and oils, and
utilities, as well as to hydrogen fueling stations where it is
re-gasified for fueling hydrogen powered fuel cell vehicles.
This is the second new liquid hydrogen plant in the United States (U.S.) Air Products has
announced in the past few months. In September 2018, Air Products announced plans to
build a new liquid hydrogen plant at its La Porte, Texas facility which will be
supplied hydrogen from Air Products' extensive Gulf Coast pipeline
network. The La Porte
project is also anticipated to be onstream in 2021. Air Products
has existing liquid hydrogen production assets operating in
New Orleans, Louisiana and
Sacramento, California in the
U.S.; Sarnia, Ontario, Canada; and
Rotterdam in The Netherlands.
"We are committed to meeting the product needs of our customer
base and as more and more hydrogen fuel cell vehicles are driven on
the roads and highways of California, we will continue to evaluate
additional capacity needs and make investments to meet demand,"
said Ffolkes.
Recent evidence of this commitment to the reliable supply of
hydrogen for the California FCV market includes a newly
commissioned expansion doubling the size of Air Products'
Wilmington hydrogen transfill
system, and the commissioning of new hydrogen transfill systems in
Long Beach and Santa Clara for vehicle fueling, Ffolkes
noted. Air Products has also increased the number of
dual-phase trailers, capable of both transporting and off-loading
hydrogen to a fueling station, transfill station or customer supply
tank. All these investments increase hydrogen supply chain
reliability. In addition, Air Products is in the evaluation
phase of adding further renewable hydrogen capacity from multiple
sources in preparation for California's increased FCV
demand.
Air Products, the leading global supplier of hydrogen to
refineries to assist in producing cleaner burning transportation
fuels, has vast experience in the hydrogen fueling industry. In
fact, several sites today for certain hydrogen fueling applications
are fueling at rates of over 75,000 refills per year. Use of the
company's fueling technology is increasing and is used in over
1,500,000 hydrogen fills per year. The company has been involved in
over 250 hydrogen fueling projects in the
United States and 20 countries worldwide. Cars, trucks,
vans, buses, scooters, forklifts, locomotives, planes, cell towers,
material handling equipment, and even submarines have been fueled
with trend-setting Air Products' SmartFuel®
technologies.
Air Products has more than 60 years of hydrogen
experience and an extensive patent portfolio in hydrogen
dispensing technology. Air Products provides liquid and gaseous
hydrogen and a variety of enabling devices and protocols for fuel
dispensing at varied pressures. Hydrogen for these stations can be
delivered to a site via truck or pipeline, produced by natural gas
reformation, biomass conversion, or by electrolysis, including
electrolysis that is solar and wind driven.
About Air Products
Air Products (NYSE: APD) is a
world-leading Industrial Gases company in operation for over 75
years. The Company provides industrial gases and related equipment
to dozens of industries, including refining, chemical, metals,
electronics, manufacturing, and food and beverage. Air Products is
also the world's leading supplier of liquefied natural gas process
technology and equipment.
The Company had fiscal 2018 sales of $8.9
billion from operations in 50 countries and has a current
market capitalization of about $35
billion. Approximately 16,000 passionate, talented and
committed employees from diverse backgrounds are driven by Air
Products' higher purpose to create innovative solutions that
benefit the environment, enhance sustainability and address the
challenges facing customers, communities, and the world. For more
information, visit www.airproducts.com.
NOTE: This release may contain forward-looking statements
within the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
based on management's reasonable expectations and assumptions as of
the date of this release regarding important risk factors. Actual
performance and financial results may differ materially from
projections and estimates expressed in the forward-looking
statements because of many factors not anticipated by management,
including risk factors described in the company's Form 10K for its
fiscal year ended September 30,
2018.
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SOURCE Air Products