LEHIGH VALLEY, Pa.,
Sept. 15, 2020 /PRNewswire/
-- Air Products (NYSE: APD), a leading global industrial gases
company, today announced a new Sustainability goal to reduce its
carbon dioxide emissions (CO2) intensity (kg
CO2/MM BTU) by one-third by the year 2030 from a 2015
baseline. Air Products set this new target as it closes in on
successfully attaining a series of 2020 Sustainability goals.
Air Products' Chairman, President and Chief Executive Officer,
Seifi Ghasemi, will discuss
Sustainability at 7:45 a.m. USET
today at the virtual Credit Suisse 33rd Annual Basic
Materials Conference. A webcast will be available on Air
Products' Investor Relations Event Details web site.
"Sustainability is at the heart of what Air Products has done as
a business for the past 80 years. Our industrial gases,
technologies and applications enable customers around the world to
reduce their energy use, lower emissions and increase productivity.
Air Products is also playing a lead role in helping to address
significant energy and environmental challenges through
gasification, carbon capture and hydrogen for mobility solutions,
including through projects like NEOM – the world's largest
carbon-free and truly transformative hydrogen project," said
Ghasemi.
"This ambitious goal is totally aligned with our business
strategy. Key drivers toward our goal include carbon capture
projects; low-carbon and carbon-free projects; operational
excellence; and increased use of renewable energy. With our
technology and products, and most importantly, our hard-working and
truly committed people, I am confident we will continue our strong
track record of setting ambitious goals and meeting and exceeding
them," he said.
The 'Third by '30 CO2 intensity reduction goal is
also aligned with Air Products' higher purpose, with employees
around the world driven to work together and innovate solutions to
significant energy and environmental challenges. Air Products'
people take their responsibility seriously to drive sustainability
performance and help customers do the same. The Company currently
also is developing additional new Sustainability goals beyond the
emissions reduction target.
In addition to providing products that allowed Air Products'
customers to avoid 69 million metric tons of CO2
emissions in 2019, the Company also has achieved, and in several
cases exceeded, previous 2020 goals from a 2015 baseline. For more
details on Air Products' Sustainability achievements and efforts,
visit the Company's Sustainability website or view its most
recent Sustainability Report.
About Air Products
Air Products (NYSE: APD) is a world-leading industrial gases
company in operation for 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 $65
billion, making it the largest American chemical company by
market capitalization. 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.
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