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Air Products & Chemicals, Inc. (NYSE: APD) is a world-leading industrial gases company that has been making a positive impact on lives globally since its establishment in 1940. With over 20,000 employees and operations in more than 50 countries, Air Products provides essential services to a wide array of industries from food and beverage, healthcare, and personal care, to energy, transportation, and semiconductors.
Core Business: Air Products specializes in supplying atmospheric gases, process and specialty gases, performance materials, and related equipment and services. It is recognized as the largest supplier of hydrogen and helium worldwide.
Financial Performance: In fiscal 2023, Air Products generated $12.6 billion in revenue. The company continues to show strong financial health, reporting a GAAP EPS of $2.57 in Q2 FY24, a 30% increase from the previous year, and an adjusted EPS of $2.85, up 4% from the prior year.
Innovative Projects and Achievements: Air Products has been actively investing in sustainable projects. The company plans to invest $15 billion in clean energy projects by 2027. Recent developments include the successful performance test of its AP-DMR™ LNG Process technology in Mozambique and plans to build multi-modal hydrogen refueling stations across California and Canada.
Partnerships: Air Products has formed strategic alliances to enhance its service offerings. Notably, it has a 15-year agreement with TotalEnergies to supply 70,000 tons of green hydrogen annually starting in 2030, significantly reducing CO2 emissions.
Community and Sustainability: The company has been listed among Barron's 100 Most Sustainable Companies for six consecutive years. Air Products’ dedication extends to community engagement, exemplified by its donation pledge to the AIST Foundation to promote careers in the steel industry.
For more information, visit Air Products' official website.
Air Products (NYSE:APD) is set to release its fiscal 2023 first quarter financial results on February 2, 2023, before market open. A teleconference reviewing these results will be held at 8:30 a.m. ET, open to the public via phone and Internet broadcast. The company reported fiscal 2022 sales of $12.7 billion and currently has a market capitalization of $70 billion. With over 21,000 employees globally, Air Products focuses on providing essential industrial gases and advancing sustainability in various sectors.
Air Products and The AES Corporation announced a $4 billion investment to construct a green hydrogen production facility in Wilbarger County, Texas. This mega-scale project aims to bolster sustainability efforts and support the energy transition. Air Products plans to host an investor teleconference on December 8, 2022, at 9:30 a.m. USET to discuss further details. With fiscal 2022 sales of $12.7 billion and a market capitalization of approximately $70 billion, Air Products continues to be a leader in industrial gases and clean energy solutions.
Air Products and AES Corporation are investing around $4 billion to establish the largest green hydrogen production facility in the U.S., located in Wilbarger County, Texas. The facility, set to begin operations in 2027, will generate over 200 metric tons of green hydrogen daily, utilizing 1.4 GW of renewable energy sources. It aims to meet increasing demands for zero-carbon fuels, potentially avoiding more than 50 million metric tons of CO2 emissions over its lifetime. The partnership will create over 1,600 jobs and provide significant tax benefits.
Air Products and AES Corporation announced plans to invest $4 billion in a green hydrogen production facility in Wilbarger County, Texas. The facility, with 1.4 GW of renewable energy capacity, aims to produce over 200 metric tons of green hydrogen per day, making it the largest in the U.S. Set for commercial operations in 2027, it will significantly reduce carbon dioxide emissions, aiding the mobility market. The project is expected to create 1,300 construction and 115 permanent jobs, while generating $500 million in tax benefits for Texas.
Rotoflow, a business of Air Products, has launched a new Solutions Center in Shanghai, China, aimed at enhancing turbomachinery services for its customers in Asia. This facility, equipped with advanced diagnostic and machining tools, will focus on repairing and servicing rotating machinery. The Shanghai Center is Rotoflow's fourth global hub, joining similar facilities in the U.S. and Saudi Arabia. It will support various industrial machinery, including turboexpanders and compressors, and enhance Air Products' capabilities in the hydrogen mobility sector.
Air Products (NYSE: APD) announced that Chairman, President, and CEO Seifi Ghasemi will present at Citi's Basic Materials Conference on November 29, 2022 at 8:45 a.m. ET. Access to the session can be found on the company's Investor Relations page.
Air Products is a leading industrial gases company with a market cap over $60 billion and fiscal 2022 sales of $12.7 billion, focusing on sustainability-driven growth and innovative solutions.
Air Products (NYSE: APD) has declared a quarterly dividend of $1.62 per share, payable on February 13, 2023, to shareholders of record as of January 3, 2023. The company reported fiscal 2022 sales of $12.7 billion and boasts a market capitalization exceeding $60 billion.
With over 21,000 employees, Air Products focuses on sustainability-driven growth by providing essential industrial gases and developing large-scale clean hydrogen projects.
Air Products and Mabanaft announced plans to construct Germany's first large-scale green energy import terminal in Hamburg, targeting hydrogen supply by 2026. The terminal will convert green ammonia from Air Products' global facilities into green hydrogen for distribution in northern Germany. This project, supported by German officials, aims to meet the growing demand for clean energy and enhance energy security. The investment underlines a commitment to decarbonising the mobility sector and industrial processes, positioning Hamburg as a leading hydrogen hub.
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