Air Products to Build, Own and Operate Two New Air Separation Units at its Facilities in Georgia and North Carolina
New ASUs to Improve Productivity, Offer Sustainability Efficiencies and Operational Flexibility for Established and Growing Merchant Market
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Air Products is a world-leading company in the production and supply of oxygen, nitrogen and argon. Industrial gas products produced at
Maione added that, "Air Products is committed to its terrific base industrial gas business and our commitment is evidenced by the investment in these two new ASUs. We can ensure enhanced product reliability to regional customers in that these new units can act as back-ups to each other, as well as for other company facilities producing the same products in neighboring and nearby states."
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 industrial gas and carbon-capture projects, supplying world-scale clean hydrogen for global transportation, industrial markets, and the broader energy transition. Additionally, Air Products is the world leader in the supply of liquefied natural gas process technology and equipment, and globally provides turbomachinery, membrane systems and cryogenic containers.
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
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SOURCE Air Products