LEHIGH VALLEY, Pa.,
Oct. 18, 2016 /PRNewswire/
-- Air Products (NYSE: APD) today announced the signing of an
agreement for the supply of multiple industrial gases to Chemours
Company FC, LLC. Air Products will build, own and operate an
air separation unit (ASU) in New
Johnsonville, Tennessee to produce oxygen, nitrogen, and
argon, and will also supply Chemours with compressed dry air and
breathing air for its established titanium dioxide (TiO2)
production facility. The new Air Products plant is to be
onstream in the fall of 2018.
"This is a great build on our existing relationship with
titanium dioxide market-leader Chemours, maker of
Ti-Pure™ brand titanium dioxide. We are very
pleased to be producing and supplying industrial gases in New
Johnsonville. This opportunity presents Air Products with an
attractive geographic location in the southeastern United States (U.S.) where we can continue to
build density and reliably supply our customers with industrial
gases," said Marie Ffolkes,
President, Americas – Industrial Gases at Air Products.
In addition, Air Products' production of liquid argon at
New Johnsonville provides a
location closer to merchant customer end markets in the north and
central U.S. "The additional source of liquid argon coming
from this new facility complements our existing supply capabilities
in the Gulf Coast. The Tennessee location will assist Air Products in
meeting expected growth in the argon market in northern and central
regions," said Ffolkes.
Air Products currently owns and operates over 300 air separation
plants in over 40 countries worldwide serving varied customer
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 tons per day (TPD), to single train facilities
with oxygen production capacities beyond 4,000 TPD.
About Air Products
Air Products (NYSE:APD) is a world-leading Industrial Gases company
celebrating 75 years of operation. The company's core Industrial
Gases business provides atmospheric and process gases and related
equipment to manufacturing markets, including refining and
petrochemical, metals, electronics, and food and beverage. Air
Products is also the world's leading supplier of liquefied natural
gas process technology and equipment. The company's Performance
Materials Division serves the polyurethanes, cleaning and coatings,
and adhesives industries.
The company had fiscal 2015 sales of $9.9
billion and has a current market capitalization of
approximately $30 billion.
Approximately 17,000 employees in 50 countries strive to make Air
Products the world's safest and best performing Industrial Gases
company, providing sustainable offerings and excellent service to
all customers. 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,
2015.
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SOURCE Air Products