Air Products to Showcase Decarbonization Solutions for Iron and Steel Production at AISTech2024
Air Products will showcase decarbonization solutions for iron and steel production at AISTech2024, offering a wide range of industrial gas solutions, hydrogen plants, and carbon capture technologies to reduce CO2 emissions by up to 75%. The company will also donate up to $15,000 to the AIST Foundation for each registered attendee who visits their booth, further supporting the steel industry.
Air Products offers a full suite of on-site gas supply offerings and decarbonization solutions for the iron and steel industry, including hydrogen plants and carbon capture technologies, to reduce CO2 emissions by 75%.
The company's commitment of $15 billion by 2027 to clean energy projects demonstrates a strong focus on accelerating the energy transition and decarbonization efforts.
Air Products' donation of up to $15,000 to the AIST Foundation for each registered attendee who visits their booth shows support for initiatives promoting the steel industry as a rewarding career choice for young engineers.
Despite the positive initiatives and focus on decarbonization, the financial impact of these efforts on the company's revenue and profitability is not explicitly addressed in the press release.
Air Products Foundation will Donate up to
Those attending are invited to stop by Air Products' booth, #2130, to speak with an industry specialist and learn more about Air Products' full suite of on-site gas supply offerings and broad range of decarbonization solutions for the iron and steel industry, from oxy-fuel to carbon capture to hydrogen.
By visiting the Air Products booth, attendees will also be helping the AIST Foundation, which funds initiatives to promote the steel industry as a viable and rewarding career choice for young engineers. The Air Products Foundation has pledged to donate
In addition to showcasing industrial gas solutions in its booth, Air Products' industry experts will lead a presentation titled "World-Scale Gas Processing – Ready for Decarbonizing Ironmaking," at 10 a.m. ET on Tuesday, May 7 during the Decarbonization: Blast Furnace Session.
In that session, Anand Makwana, Air Products' Senior Principal Research Engineer; and Candice Silvestre, Air Products' Manager, Blue Hydrogen and Carbon Capture, Utilization and Storage (CCUS) Technology will discuss examples of operating and in-construction low-carbon hydrogen plants to meet current and future steelmaking demands, in addition to options for processing blast furnace gases. Deploying these solutions can result in a 75 percent reduction in direct carbon dioxide (CO2) emissions from a typical steelmaking site.
A global leading industrial gas supplier, Air Products brings decades of experience in gas supply and technology to improve the operations performance of metals producers. Air Products offers a full line of gases including argon, carbon dioxide, helium, hydrogen, nitrogen, oxygen and gas blends, with a broad range of supply mode options and purity levels to suit the needs of every operation. Air Products can also provide a wide variety of technical services and innovative gas-based technologies to help companies lower costs and improve productivity, while minimizing the environmental impact of production processes.
Decarbonize with Confidence
As the world's largest hydrogen producer and a first-mover in the low- and zero-carbon hydrogen economy, Air Products is helping iron and steel producers, original equipment manufacturers (OEMs), and engineering, procurement and construction professionals navigate the complexities of decarbonization with safe, reliable, clean hydrogen solutions and advanced carbon capture and storage technology. Air Products has publicly-stated that it will commit
For more information about Air Products' full range of offerings for the iron and steel industry visit Air Products' Decarbonize with Confidence webpage.
About Air Products
Air Products (NYSE:APD) is a world-leading industrial gases company in operation for over 80 years focused on serving energy, environmental, and emerging markets. The Company has two growth pillars driven by sustainability. Air Products' base business provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, and food. The Company also develops, engineers, builds, owns and operates some of the world's largest clean hydrogen projects supporting the transition to low- and zero-carbon energy in the heavy-duty transportation and industrial sectors. Additionally, Air Products is the world leader in the supply of liquefied natural gas process technology and equipment, and provides turbomachinery, membrane systems and cryogenic containers globally.
The Company had fiscal 2023 sales of
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 the risk factors described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2023 and other factors disclosed in our filings with the Securities and Exchange Commission. 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
FAQ
<p>What will Air Products showcase at AISTech2024?</p>
Air Products will showcase industrial gas solutions and technologies for all phases of iron and steel production at AISTech2024, including hydrogen plants, carbon capture technologies, and a wide range of on-site gas supply offerings.
<p>How much will Air Products donate to the AIST Foundation?</p>
Air Products will donate up to $15,000 to the AIST Foundation, with a pledge of $100 for each registered attendee who visits their booth at AISTech2024.
<p>What is Air Products' commitment to clean energy projects?</p>
Air Products has publicly stated a commitment of $15 billion by 2027 to clean energy projects worldwide, focusing on accelerating the energy transition and supporting decarbonization efforts.
