Air Products JV Signs MOU to Establish Facilities in Saudi Arabia

Date : 11/06/2019 @ 11:48PM
Source : Dow Jones News
Stock : Air Products and Chemicals Inc (APD)
Quote : 237.18  0.0 (0.00%) @ 12:00AM

Air Products JV Signs MOU to Establish Facilities in Saudi Arabia

Air Products and Chemicals (NYSE:APD)
Historical Stock Chart

3 Months : From Oct 2019 to Jan 2020

Click Here for more Air Products and Chemicals Charts.
   By Stephen Nakrosis 

Air Products & Chemicals Inc. (APD) on Wednesday said Air Products Qudra signed a memorandum of understanding with the Royal Commission for Jubail and Yanbu in Saudi Arabia to establish facilities in the Kingdom.

Under the MOU, Air Products Qudra will "establish world-class industrial gas production facilities and distribution networks in the industrial cities of Royal Commission."

Projects will include establishment of a hydrogen fueling economy, introducing new technologies to convert low-value feedstocks into high-value products and establishing a helium recovery network.

Dr. Samir Serhan, chairman of Air Products Qudra and EVP for Air Products, said, "We have already started the plan to kick off our Phase 1 investments to build world-scale industrial gas production units and distribution networks in Jubail."

Air Products saidL "Air Products Qudra is a regional development and investment joint venture between Air Products and Qudra Energy, a subsidiary of Vision Invest, and in partnership with the Saudi Arabian General Investment Authority."


--Write to Stephen Nakrosis at


(END) Dow Jones Newswires

November 06, 2019 18:33 ET (23:33 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest APD Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.