Air Products & Chemicals, Inc. - APD STOCK NEWS

Air Products (NYSE: APD), OQ, and ACWA Power have signed a joint development agreement for a multibillion-dollar green hydrogen-based ammonia production facility in Oman, leveraging renewable energy sources. This project, which follows a memorandum of understanding from December 2021, will be located at Oman’s Salalah Free Zone and involves technology for hydrogen production by electrolysis and nitrogen by air separation. Each partner will equally own the facility, contributing to Oman’s renewable energy strategy and Vision 2040.

Air Products (NYSE:APD) launched the Female Engineers & Technical Associates (FETA) program on May 25, 2022, in Dammam, Saudi Arabia, with the Prince of the Eastern Province present. This initiative aims to enhance career development for women in engineering, providing tailored job rotations and training opportunities. The program aligns with Saudi Arabia's Vision 2030, promoting women’s empowerment. Additionally, Air Products is investing in Education For Employment to enhance youth employment prospects in the MENA region. The company reported fiscal 2021 sales of $10.3 billion and holds a market capitalization of around $55 billion.

The Board of Directors of Air Products (NYSE:APD) declared a quarterly dividend of $1.62 per share, payable on August 8, 2022. Shareholders on record as of July 1, 2022 will receive this dividend. Air Products, a leader in industrial gases, reported fiscal 2021 sales of $10.3 billion and a market capitalization of approximately $55 billion. The company is committed to sustainability and operates large-scale gas projects, including those focusing on hydrogen and carbon capture, aiding in energy transition efforts.

Air Products (NYSE:APD) will donate up to $15,000 to the AIST Foundation during AISTech2022, taking place from May 16-18 in Pittsburgh, Pennsylvania. For each registered attendee visiting their booth, $100 will be donated to promote steel industry careers for young engineers. Air Products aims to help iron and steelmakers optimize efficiency, reduce costs, and decarbonize processes. The company will also participate in presentations on hydrogen production and green furnace technologies, showcasing their expertise in industrial gas solutions.

Air Products (NYSE:APD) showcased its Hydrogen for Mobility Solutions at the Advanced Clean Transportation (ACT) Expo in Long Beach, California, on May 9, 2022. Eric Guter, Global VP for Hydrogen, participated in a panel discussing essential hydrogen fuel strategies. Air Products emphasized hydrogen's role in sustainable transportation, capable of meeting the demands of heavy-duty vehicles. The company reported over 1.5 million annual refuelings across 20 countries, underlining its expertise in hydrogen production and distribution.

Air Products (NYSE:APD) is set to launch its second annual global Week of Inclusion starting May 9, 2022, promoting diversity and belonging among employees. This initiative supports CEO Action for Diversity and Inclusion, with CEO Seifi Ghasemi aiming for the company to be the most diverse industrial gas firm. The theme for this year is 'Leaning into Empathy,' emphasizing the importance of understanding and sharing emotions in the workplace. Keynote speaker Denise Hamilton will lead discussions, with over 20 sessions planned in five languages. Air Products strives for 28% female and 30% minority representation by 2025.

Air Products reported Q2 FY22 results with a GAAP EPS of $2.38, reflecting a 12% increase year-over-year, and a net income of $537 million, rising 13%. Sales reached $2.9 billion, up 18%, driven by higher volumes and pricing. Adjusted EBITDA stood at $1,019 million, up 9%. The company announced major investments, including a $2 billion project for Sustainable Aviation Fuel. Full-year adjusted EPS guidance remains at $10.20 to $10.40, indicating a 13-15% growth over the previous year.

Air Products (NYSE: APD) has partnered with Schenk Tanktransport and TNO on the Clean Hydrogen and Road Transport Project (CH2aRT) to develop hydrogen trucks and a hydrogen refuelling station in Rotterdam. Supported by a subsidy from the Dutch Ministry of Infrastructure, this initiative aims to enhance the use of hydrogen in heavy-duty transport. The project will initially support three zero-emission trucks and is aligned with the HyTrucks consortium's goal of deploying 1,000 hydrogen-powered trucks by 2025. The collaboration underscores Air Products' role as a leader in hydrogen production.