LEHIGH VALLEY, Pa.,
May 15, 2020 /PRNewswire/ -- Air
Products (NYSE:APD), a global leader in industrial gases and
megaproject development, and Haldor Topsoe, the world leader in
high-performance catalysts and proprietary technology for the
chemical and refining industries, today announced the signing of a
global Alliance Agreement. The two companies will collaborate,
using their extensive market network outreach for developing
potential projects and the combination of their expertise on
large-scale ammonia, methanol and/or dimethyl ether plants to be
developed and built globally.
The Alliance Agreement provides Air Products access to Topsoe's
technology license(s) and the supply of certain engineering design,
equipment, high-performance catalysts and technical services for
ammonia, methanol and/or dimethyl ether plants to be built, owned
and operated by Air Products. The collaboration allows for the
integration of Topsoe's technology into many Air Products'
technologies including gasification of various feedstocks, and
synthesis gas processes.
"The global agreement with Haldor Topsoe is very important to
Air Products as we continue to expand our scope of supply to
customers in developing large-scale projects around the world. We
have built a reputation for successfully executing megaprojects.
Having this Alliance and access to Haldor Topsoe's
technology-leading capabilities will serve to strengthen both our
offerings and customer confidence in the reliability and quality of
project development and performance," said Dr. Samir J. Serhan, executive vice president at Air
Products.
"We are extremely satisfied to enter this Alliance. Air Products
is an industry leader, and we share their commitment to providing
customers around the world with excellent, innovative, and more
sustainable solutions. This alliance forms the foundation for
integrated large-scale projects that will benefit from the close
collaboration and combined strengths of our two companies," said
Amy Hebert, deputy CEO and executive
vice president at Haldor Topsoe.
Topsoe's technology enables companies in the chemical and
refining industries to get the most out of their processes and
products, using the least possible energy and resources. On the
forefront of developing sustainable technologies, Topsoe's
solutions enhance food production for the world's growing
population and help protect the environment. Half of all the
ammonia used to make artificial fertilizer is produced using Topsoe
catalysts.
Topsoe's technology will be incorporated into Air Products'
recently announced world-scale coal-to-methanol production
facility in Bengalon, East
Kalimantan, Indonesia. In addition, Topsoe technology
will also be part of the previously announced world-scale Gulf
Coast Ammonia production plant in Texas. Air Products will supply hydrogen and
nitrogen for the ammonia production in part from its largest-ever
steam methane reformer.
Air Products' involvement in these world-scale projects will
capitalize on the alliance and deliver substantial sustainability
benefits. These kinds of projects can serve as carriers of
renewable hydrogen molecules as the world's interest hydrogen for
mobility and energy transition continues to grow. For more
information on Air Products sustainability efforts visit
airproducts.com/sustainability.
About Air Products
Air Products (NYSE:APD) is a
world-leading industrial gases company in operation for nearly
80 years. Focused on serving energy, environment and emerging
markets, the Company provides essential industrial gases, related
equipment and applications expertise to customers in dozens of
industries, including refining, chemical, metals, electronics,
manufacturing, and food and beverage. Air Products is also the
global leader in the supply of liquefied natural gas process
technology and equipment. The Company develops, engineers, builds,
owns and operates some of the world's largest industrial gas
projects, including gasification projects that sustainably convert
abundant natural resources into syngas for the production of
high-value power, fuels and chemicals.
The Company had fiscal 2019 sales of $8.9
billion from operations in 50 countries and has a current
market capitalization of about $50
billion. More than 17,000 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 airproducts.com or follow us on LinkedIn, Twitter,
Facebook or Instagram.
About Haldor Topsoe
Haldor Topsoe is the
world leader in high-performance catalysts and proprietary
technologies for the chemical and refining industries. Based on
cutting-edge research and development, we help our customers
achieve optimal performance in all phases from design to daily
operations – in the most responsible way. Topsoe is headquartered
in Denmark and serves customers
across the globe. In 2019, our revenue was approximately
DKK 6 billion, and we employ more
than 2,300 employees. www.topsoe.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,
2019.
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SOURCE Air Products