LEHIGH VALLEY, Pa.,
April 27, 2015 /PRNewswire/ -- Air
Products (NYSE: APD) announced today that it has signed a product
supply agreement with Big River Steel, LLC. Under the terms
of the agreement, Air Products will operate an air separation unit
(ASU) producing multiple industrial gases and a PRISM®
hydrogen generator. The onstream target for all the units is
July 2016.
The ASU will provide pipeline oxygen, nitrogen and argon, and
the PRISM® unit will provide pipeline hydrogen for the
new hot rolled steel facility.
"We are pleased to have been chosen by Big River Steel to supply
industrial gases for this green-field steel mill," said Corning
Painter, executive vice president – Industrial Gases at Air
Products. "The project supports growth in our established
liquid bulk business and our profitability goals."
John Correnti, chief executive
officer of Big River Steel, stated that "Big River Steel has full
confidence that Air Products will prove to be a good long-term
supplier and we are pleased that they will be operating the ASU and
hydrogen generator on our site."
Air Products currently owns and operates over 300 air separation
plants in over 40 countries worldwide in all types of applications.
In addition to its plants, the company has sold, designed, and
built more than 2,000 air separation plants globally. Air Products'
cryogenic offerings span from plants with a capability of 50 TPD,
to single train facilities with oxygen production capacities beyond
4,000 TPD.
Air Products, a global leader in the supply and on-site
production of hydrogen, has developed a range of compact and low to
medium capacity steam methane reformers in its PRISM®
line of products. The hydrogen generator technology converts steam
and lighter hydrocarbons, such as methane, into hydrogen and carbon
monoxide efficiently and economically. Additionally, the hydrogen
generators provide an alternative source of industrial gas supply
to trailers (bulk hydrogen) for supply to customers in remote
locations. They also reduce logistics costs and, as a result, the
carbon footprint associated with regular truck rotations while
preventing supply disruption.
About Air Products
Air Products (NYSE:APD) is a leading industrial gases company. For
nearly 75 years, the company has provided atmospheric, process and
specialty gases, and related equipment to manufacturing markets
including metals, food and beverage, refining and petrochemical,
and natural gas liquefaction. Air Products' materials technologies
segment serves the semiconductor, polyurethanes, cleaning and
coatings, and adhesives industries. Over 20,000 employees in 50
countries are working to make Air Products the world's safest and
best performing industrial gases company, providing sustainable
offerings and excellent service to all customers. In fiscal 2014,
Air Products had sales of $10.4
billion and was ranked number 276 on the Fortune 500 annual
list of public companies. 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,
2014.
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SOURCE Air Products