WARSAW, Poland, March 30, 2021 /PRNewswire/ -- Air Products
(NYSE: APD), a world-leading industrial gases company, has signed a
long-term, virtual power purchase agreement (VPPA) in Poland with Scieki onshore wind farm, owned by
Macquarie's Green Investment Group (GIG).
By 2030, Poland is aiming for
renewables to make up 23 percent of its power generation, with wind
energy making a significant contribution. Air Products' drive to
increase renewable electricity sourcing through a VPPA with one of
the world's largest teams of green infrastructure developers and
investors complements the country's transformative Energy
Policy.
Demonstrating Air Products' ongoing commitment to sustainable
business management, the agreement equates to an emissions
reduction equitable to removing 8,500 cars from Poland's roads. It also supports the
company's "Third by '30' goal" to reduce its CO₂ emissions
intensity (kg CO₂/MM BTU) by one-third by the year 2030 from a 2015
baseline.
Underpinned by its business and sustainability strategy, Air
Products invests in many other projects across Poland that provide customers with cleaner
energy solutions, such as:
- The production and distribution of hydrogen for mobility and
other sectors.
- A state-of-the-art dry ice production facility, with
significant improvements in plant energy efficiency.
- Commitment to projects that reduce the energy intensity of
installations and plants, water consumption and industrial steam
consumption.
- Telemetry systems to help customers optimally forecast their
gas supplies. Monitoring the level of product enables a reduction
in delivery frequency by almost a third, saves kilometers driven
and subsequently reduces CO₂ vehicle emissions. Similar
savings are also generated by Air Products' Gastrak®
service, which has been shown to reduce customers' welding
shielding gas consumption by up to 65 percent.
"Delivering cleaner energy solutions is an important part of Air
Products' past, present and future, not just for us as a company,
but also for our customers, partners and the communities where we
operate," said Jacek Cichosz, Air
Products' general manager – Industrial Gases, Poland. "There
is a real commitment in Poland and within the European Union,
to address climate challenges with urgency and positive
action. Air Products has that same desire towards an effective
path in the broader energy transition."
Edward Northam, Head of GIG
Europe – one of the world's largest teams of green infrastructure
developers and investors - said "Air Products is playing a leading
role in the energy transition. As such, we are delighted to
structure this VPPA and play a role in accelerating Air Products'
own renewable energy and sustainability journey in Poland."
The Air Products VPPA in Poland
was advised by Schneider Electric, which acted as a full-service
buyer's advisor and assisted Air Products in project selection and
negotiations.
"Air Products is demonstrating its commitment to sustainability
by signing a VPPA in Poland," said
Philippe Diez, Vice President of
Energy & Sustainability Services EMEA at Schneider Electric.
"We want to congratulate Air Products on this sustainability
milestone and for helping to accelerate the European renewable
energy transition."
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; carbon capture projects; and
world-scale carbon-free hydrogen projects supporting global
transportation and the energy transition.
The Company had fiscal 2020 sales of $8.9
billion from operations in 50 countries and has a current
market capitalization over $60
billion. More than 19,000 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 www.airproducts.com or follow us on LinkedIn, Twitter,
Facebook or Instagram.
About Macquarie's Green Investment Group
Macquarie's Green Investment Group (GIG) is a specialist in green
infrastructure principal investment, project development and
delivery, green impact advisory and the management of portfolio
assets. Its track record, expertise and capability make it a global
leader in green investment and development, dedicated to
accelerating the green transition.
Macquarie Group Limited (Macquarie) is a diversified financial
group providing clients with asset management and finance, banking,
advisory and risk and capital solutions across debt, equity, and
commodities. Founded in 1969, Macquarie employs 16,356 people in 31
markets. At 30 September 2020,
Macquarie had assets under management of €339.9 billion.
For more information,
visit www.greeninvestmentgroup.com and www.macquarie.com.
About Schneider
Electric
Schneider's purpose is to
empower all to make the most of our energy and resources, bridging
progress and sustainability for all. We call this Life Is On. Our
mission is to be your digital partner for Sustainability and
Efficiency.
We drive digital transformation by integrating world-leading
process and energy technologies, end-point to cloud connecting
products, controls, software and services, across the entire
lifecycle, enabling integrated company management, for homes,
buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of
open standards and partnership ecosystems that are passionate about
our shared Meaningful Purpose, Inclusive and Empowered values.
www.se.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, 2020.
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SOURCE Air Products