LEHIGH VALLEY, Pa.,
Nov. 18, 2021 /PRNewswire/ -- Air
Products (NYSE:APD) today received the Best Carbon Management
Initiative Award from Chemical Week at the Chemical Industry
Financial Outlook Forum & Sustainability Awards. Air Products
received the recognition for its innovative net-zero hydrogen
energy complex in Edmonton, Alberta,
Canada.
"Air Products is honored to be recognized by Chemical Week with
the Best Carbon Management Initiative Award for our new net-zero
hydrogen energy complex in Alberta,
Canada," said Rachel Smith,
Air Products Canada Vice President in accepting the award. "This
landmark facility is expected to achieve net-zero emissions through
advanced technology, carbon capture and storage, and
hydrogen-fueled power generation. Our new net-zero facility will
enable significant greenhouse gas reductions and help transition to
a cleaner energy future."
Air Products was one of six companies to be recognized during
the 2021 Chemical Week Sustainability Awards. Chemical
Week is a prominent source of news, data and analysis in
the chemical industry. Entries for the Best Carbon Management
Initiative Award were judged by a panel of industry and
sustainability experts.
Chemical Week Award Judge Monika
MacDevette, deputy director, ecosystems division, United Nations
Environment Programme, called Air Products' Alberta project, "very innovative and
forward looking," and cited the "commitment from [the] national
government as well as significant investment commitment to
innovation."
Air Products' Chairman, President and Chief Executive Officer
Seifi Ghasemi also delivered an
address during the conference.
He noted that hydrogen has been talked about as an energy of the
future for years, but what's different today is the pressure to
move away from hydrocarbons and the push for action now. "At Air
Products, we want to be part of that solution," said Ghasemi. "We
have made tremendous investments to help build the hydrogen
economy. By being a first-mover in world-scale projects, such as
our net-zero energy complex in Alberta, we are paving the way for a cleaner,
more sustainable future and speeding the energy transition."
Earlier this year, Air Products, and its subsidiary Air Products
Canada Ltd., in conjunction with the Government of Canada and the Province of Alberta, announced a $1.3 billion landmark net-zero hydrogen energy
complex in Alberta, Canada. The
facility is expected to deliver net-zero emissions and be capable
of capturing over 95 percent of the carbon dioxide generated by the
complex and permanently sequester it safely underground.
Hydrogen-fueled electricity will offset the remaining five percent
of emissions.
The clean energy complex will help refining and petrochemical
customers served by the Air Products Heartland Hydrogen Pipeline to
reduce their carbon intensity. The complex also marks a first
in the wider use of hydrogen in Alberta, enabling the production of liquid
hydrogen to be an emissions-free fuel in the transportation sector,
and to generate clean electricity. This is expected to have a
positive impact in lowering Alberta's carbon emissions.
The Chemical Week Best Carbon Management Initiative Award
is the latest recognition Air Products has received for its
sustainability and corporate responsibility efforts. Earlier this
year, Air Products' sustainability efforts were recognized by
Barron's, which named Air Products as the top climate aligned
company in its 2021 Ranking of the Most Sustainable Companies
in America. Overall, Barron's ranked Air Products 13th
on its 100 Most Sustainable Companies list. Air Products was also
awarded a gold medal rating for its Corporate Social Responsibility
(CSR) performance from EcoVadis, a multinational CSR ratings
agency, for the fifth year in a row, and named to the 100
Best Corporate Citizens List, published by 3BL Media, for the
10th consecutive year, and included in the Human Rights
Campaign Foundation's 2021 Corporate Equality Index.
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 2021 sales of $10.3 billion from operations in over 50
countries and has a current market capitalization of over
$65 billion. More than 20,000
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.
Cautionary Note Regarding Forward-Looking Statements: This
release contains "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
expectations and assumptions as of the date of this release and are
not guarantees of future performance. While
forward-looking statements are made in good faith and based on
assumptions, expectations and projections that management believes
are reasonable based on currently available information, actual
performance and financial results may differ materially from
projections and estimates expressed in the forward-looking
statements because of many factors, including risk factors
described in our Annual Report on Form 10-K for the fiscal year
ended September 30, 2021.
Except as required by law, we disclaim any obligation or
undertaking to update or revise any forward-looking statements
contained herein to reflect any change in the assumptions, beliefs
or expectations or any change in events, conditions or
circumstances upon which any such forward-looking statements are
based.
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SOURCE Air Products