Air Products' Hydrogen for Mobility Solutions VP Eric Guter and Industry Leaders Discuss Steps Needed on the Road to the U.S. Hydrogen Economy

Rhea-AI Summary

Air Products (NYSE: APD) participated in a panel discussing the FCHEA's "Road Map to a U.S. Hydrogen Economy" report, emphasizing the U.S.'s potential in the hydrogen sector. The report outlines strategies to enhance hydrogen production and usage, crucial for reducing greenhouse gases. Key initiatives include a $5 billion green hydrogen ammonia project in Saudi Arabia, projected to produce 1.2 million tons of green ammonia annually by 2025. Additionally, Air Products is developing a liquid hydrogen plant in Texas capable of producing 30 tons daily, leveraging its extensive hydrogen pipeline network.

Positive

• Air Products is engaged in a $5 billion green hydrogen project in Saudi Arabia expected to produce 1.2 million tons of green ammonia per year by 2025.
• The company is set to launch a liquid hydrogen plant in Texas, producing approximately 30 tons of liquid hydrogen daily.
• Air Products has extensive global hydrogen pipeline networks, enhancing its production and distribution capabilities.

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• None.

LEHIGH VALLEY, Pa., Jan. 27, 2021 /PRNewswire/ -- Air Products' (NYSE: APD) vice president - Hydrogen for Mobility Solutions, Eric Guter, took part in a virtual panel discussion today detailing the findings of the Fuel Cell & Hydrogen Energy Association's (FCHEA) "Road Map to a U.S. Hydrogen Economy" report.

The panel was part of FCHEA's northeast launch of the 96-page Road Map to a U.S. Hydrogen Economy report, which was created by a coalition including Air Products and 19 other major hydrogen, oil, gas, power, automotive, and fuel cell companies. The comprehensive report details how the United States can expand its global energy leadership by scaling up activity in the rapidly emerging and evolving hydrogen economy. The creation of the report was coordinated and managed by FCHEA.

"At Air Products, we are committed to developing new sources and types of hydrogen to meet increasing market needs," said Guter. "As a leader in hydrogen production for decades, we have the capabilities and know-how to provide the hydrogen needed to eliminate greenhouse gases from hard to abate sectors of the economy. We believe world-scale projects, such as the NEOM project, are required to rapidly reduce the cost of green hydrogen and more quickly help the world reduce its carbon footprint."

Hydrogen, when used in fuel cell applications, eliminates vehicle emissions as the only emission is water. As a world-leading producer of hydrogen and hydrogen for mobility applications, Air Products provides solutions from hydrogen supply to distribution to dispensing and has made significant investments to accelerate the transition to zero-carbon transportation.

Last year, Air Products, in conjunction with ACWA Power and NEOM, announced the signing of an agreement to build a $5 billion world-scale green hydrogen-based ammonia production facility powered by renewable energy. The green ammonia production project site is located in NEOM, in the northwest corner of the Kingdom of Saudi Arabia.

The joint venture project will include the innovative integration of over four gigawatts of renewable power from solar, wind and storage; production of 650 tons per day of hydrogen by electrolysis; production of nitrogen by air separation using Air Products' technology; and the production of 1.2 million tons per year of green ammonia. The project is scheduled to be onstream in 2025. Air Products will be the exclusive off-taker of the green ammonia and intends to transport it around the world to be dissociated into what is known as green hydrogen for use in the transportation market and other industries.

Air Products also made significant investments to increase hydrogen production in the U.S. This year, Air Products' newest liquid hydrogen plant at its La Porte, Texas industrial gas facility is scheduled to go onstream. Once onstream, the liquid hydrogen plant will produce approximately 30 tons of liquid hydrogen per day. It will draw its hydrogen from Air Products' existing Gulf Coast hydrogen pipeline system network.

Air Products operates extensive hydrogen pipeline networks around the world, including the nearly 700-mile Gulf Coast Pipeline Network – the world's largest – connected to more than 20 hydrogen production facilities and with a system capacity of 1.7 billion standard cubic feet per day.

Also, in Port Arthur, Texas, Air Products operates the largest CO₂ purification and capture project for enhanced oil recovery by an industrial gas company. Air Products designed, constructed and operates the state-of-the-art system to capture CO₂ from two steam methane reformers located at a Port Arthur refinery. The CO₂ removal technology was retrofitted to the SMRs, which produce hydrogen to assist in the making of cleaner burning transportation fuels by refinery customers on Air Products' Gulf Coast hydrogen pipeline network. Since 2014 Air Products has captured over six million tons of CO₂ at Port Arthur that has been put to beneficial use. Carbon capture is essential to producing what is known as blue hydrogen.

And last year, in Santa Ana, California, Air Products commissioned the nation's largest fast-fill hydrogen bus fueling station at the Orange County Transportation Authority (OCTA). The new fueling station, located at OCTA's bus depot, was designed by Air Products and is equipped with Air Products' hydrogen fueling technology. OCTA's current hydrogen fuel cell electric bus fleet consists of 10 buses, but the station is built for future growth. It has a bus fueling capacity for more than 50 buses, which corresponds to fueling up to 1,500 kilograms (kg) of hydrogen in an eight-hour time period.

For more information on Air Products and its hydrogen for mobility capabilities visit: https://www.airproducts.com/gases/hydrogen.

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

FAQ

What is the significance of Air Products' involvement in the hydrogen economy?

Air Products is actively contributing to the hydrogen economy through significant projects, including a $5 billion green hydrogen ammonia facility in Saudi Arabia, enhancing its market position and environmental impact.

What are the production goals for Air Products' Saudi Arabia project?

The Saudi Arabia project aims to produce 1.2 million tons of green ammonia annually by 2025, supporting the transition to zero-carbon transportation.

When will Air Products' new liquid hydrogen plant in Texas start operations?

The liquid hydrogen plant in Texas is scheduled to go onstream this year, with a production capacity of approximately 30 tons of liquid hydrogen per day.

How does Air Products plan to tackle greenhouse gas emissions?

Air Products plans to reduce greenhouse gas emissions by developing new hydrogen production sources and scaling up zero-carbon transportation solutions.

What role does Air Products play in the hydrogen supply chain?

Air Products is a leader in hydrogen production, offering solutions from supply to dispensing, backed by extensive global hydrogen pipeline networks.