Air Products to Showcase Hydrogen for Mobility Solutions at the Advanced Clean Transportation Expo in Long Beach, California

Rhea-AI Summary

Air Products (NYSE:APD) will showcase its hydrogen solutions for heavy-duty transportation at the Advanced Clean Transportation Expo from August 31 to September 1 in Long Beach, California. The company plans to convert its global fleet of 2,000 trucks to hydrogen fuel cell vehicles, collaborating with Cummins to integrate hydrogen technologies across the Americas, Europe, and Asia. Initial pilot phases are expected to begin in 2022. As a leader in hydrogen production, Air Products operates over 250 fueling stations globally, emphasizing the importance of hydrogen in sustainable transportation.

Positive

• Collaboration with Cummins to convert 2,000 trucks to hydrogen fuel cell vehicles.
• Participation in the largest advanced transportation technology event in North America.
• Strong global presence with over 250 hydrogen fueling stations in 20 countries.
• Anticipation of pilot phase beginning in 2022 to advance hydrogen technology.

Negative

• None.

LEHIGH VALLEY, Pa., Aug. 30, 2021 /PRNewswire/ -- Air Products (NYSE:APD) will be exhibiting its hydrogen for mobility solutions for heavy-duty transportation at the Advanced Clean Transportation (ACT) Expo from August 31 to September 1 at the Long Beach Convention Center in Long Beach, California.

"The switch to hydrogen for heavy-duty transportation such as buses and semi-trucks is an essential part of building a cleaner future through the energy transition," said Eric Guter, Air Products' vice president, hydrogen for mobility solutions.  "Hydrogen fuel cell trucks and buses have inherent technical advantages compared to their battery electric counterparts including faster refuel times, the ability to travel longer distances, while carrying heavier payloads."

The ACT Expo is North America's largest advanced transportation technology and clean fleet event. Approximately 5,000 people and more than 250 exhibitors are expected to attend.

Air Products recently announced plans to convert its global fleet of approximately 2,000 trucks to hydrogen fuel cell zero-emission vehicles. The company is working with Cummins Inc., a global power and hydrogen technologies leader, to accelerate the integration of hydrogen fuel cell trucks in the Americas, Europe and Asia. Cummins will provide hydrogen fuel cell electric powertrains integrated into selected OEM partners' heavy-duty trucks for Air Products.

Air Products and Cummins expect to begin the initial pilot phase of the plan in 2022 and will also work together to increase the accessibility of renewable hydrogen, including hydrogen infrastructure opportunities that promote the adoption of hydrogen for mobility. "The best way to promote the adoption of hydrogen for heavy-duty applications is for us to have units on the road and lead by example," said Guter.

Hydrogen is an important technology option for sustainable transportation. Hydrogen fuel cells are gaining momentum as the technology of choice in heavy-duty applications due to the duty-cycle requirements, especially in extreme climate conditions. Hydrogen as a transportation fuel most closely mirrors the traditional transportation fuel experience. Air Products works across all facets of the hydrogen value chain, including production, distribution, storage, and dispensing and has been a pioneer in hydrogen fueling for decades. As global leader in hydrogen production, Air Products has hands-on operating experience with over 250 hydrogen fueling station projects in 20 countries, and the company's technologies are used in over 1.5 million fueling operations annually.

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 approximately $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 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, 2020.  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

What is Air Products showcasing at the ACT Expo?

Air Products is showcasing its hydrogen solutions for heavy-duty transportation.

When is the ACT Expo event where Air Products will exhibit?

The ACT Expo is scheduled for August 31 to September 1, 2021.

What is the significance of hydrogen for heavy-duty transportation according to Air Products?

Hydrogen is essential for a cleaner future and offers advantages like faster refueling and longer travel distances.

What collaboration is Air Products pursuing for its hydrogen truck fleet?

Air Products is collaborating with Cummins to integrate hydrogen fuel cell technologies into its truck fleet.

What is Air Products' market capitalization?

Air Products currently has a market capitalization of approximately $60 billion.