LEHIGH VALLEY, Pa.,
April 7, 2021 /PRNewswire/
-- Air Products (NYSE:APD) announced today it recently opened
a new hydrogen fueling station at its industrial gases facility in
Ulsan City, South Korea.
Built with Air Products' state-of-the-art hydrogen fueling
technology and operated by the Company, the station is the first
station built and operated by the private sector in the city under
the South Korea government's
subsidy program. It is part of the Company's ongoing commitment to
Ulsan City, which houses the country's hydrogen industry hub and is
one of the three pilot cities in the national hydrogen economy
roadmap.
A world-leading industrial gases company serving the South
Korean market for close to 50 years, Air Products has established a
leading position in the country and has been supporting hydrogen
demonstration projects for over a decade.
Ulsan, the country's largest hydrogen production and
distribution city, has been designated as a Free Trade Zone for
hydrogen mobility development. It was the first city to operate
hydrogen buses and taxis and has established itself as the center
of hydrogen fuel cell vehicles.
"Hydrogen and fuel cell technologies are part of the solution to
the energy and environmental challenges of today and tomorrow,"
said Kim Kyo-Yung, president of Air
Products Korea. "As the world's largest hydrogen producer and a
global leader in hydrogen technology, Air Products is committed to
supporting South Korea to realize
a hydrogen-powered society through our expertise across every
aspect of the Hydrogen for Mobility value chain."
South Korea is one of the
leading countries to develop a hydrogen-based economy. Its hydrogen
economy roadmap includes a goal of producing 6.2 million fuel cell
vehicles and rolling out at least 1,200 hydrogen fueling stations
by 2040.
With over 25 years of experience designing fueling stations and
over 60 years of experience producing hydrogen, Air Products
provides comprehensive solutions, including production,
liquefication, storage, transportation and innovative fueling
technology systems and related infrastructure and has made
significant investments to accelerate the transition to zero-carbon
transportation. Air Products has been involved in over 250 hydrogen
fueling projects in more than 20 countries around the world and its
technology has been used in over 10 million hydrogen fills to
date.
Air Products is also playing a lead role in helping address
significant energy and environmental challenges through projects
like NEOM –the world's largest carbon-free and truly transformative
hydrogen project.
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 of 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.
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