Locations in Buffalo and Edmonton will Focus on an
Increasing Project Portfolio and Achieving Company Growth Plans
LEHIGH
VALLEY, Pa., Feb. 6, 2023
/PRNewswire/ -- Air Products (NYSE: APD) today announced plans to
broaden its Americas presence by establishing two new Project
Delivery offices in Edmonton, Alberta,
Canada and Buffalo, New
York (NY).
"Given the increasing number of projects in the United States and Canada, and the evolving footprint of our
industrial gas business, additional offices in these locations will
place our business in a strong position," said Anthony Buzzeo, Air Products' General Manager -
Americas. "We have strategically located these new execution
offices close to our project sites, which has several benefits
including access to a strong technical talent pool and proximity to
several distinguished engineering schools."
The Buffalo office will
initially have approximately 75 employees, and the Alberta office will include over 40 employees.
The Global Engineering and Manufacturing Technology Equipment
(GEMTE) offices will be a cross-functional space including
executives, engineering, product, process gas, and air separation
unit (ASU) product line functions. The expansions will further
strengthen collaboration between Air Products' existing technical
and large-project teams located in the
United States (Allentown,
Houston), Europe (Hersham (UK) and Netherlands), Asia (Shanghai, Nanjing) and India (Pune,
Vadodara).
"Working with their wider GEMTE and Industrial Gas colleagues,
our Edmonton and Buffalo Project
Delivery teams will be well-placed and empowered to push the
business to achieve our growth strategy," said Buzzeo.
Buffalo is about 300 miles from
Massena, NY, where Air Products,
the world leader in hydrogen production and a first mover
developing and executing low carbon hydrogen megaprojects driving
the energy transition, recently announced plans to invest
approximately $500 million to build,
own and operate a 35 metric ton per day facility to produce green
liquid hydrogen at a greenfield site. Air Products will also build
a liquid hydrogen distribution and dispensing operation in the
area.
The Edmonton office is very
close to Air Products' two currently-operating Edmonton hydrogen production facilities, and
also to its newest hydrogen project in the area announced in
June 2021 – a $1.6 billion (CAD) net-zero hydrogen energy
complex.
The new facility will make Edmonton,
Alberta the center of Canada's hydrogen economy and set the stage
for Air Products to operate one of the most competitive and
lowest-carbon-intensity hydrogen networks in the world.
These two hydrogen projects are among several announced by Air
Products and already in execution around the world. Globally these
energy transition projects include:
- A $4 billion green hydrogen
production facility in Texas. This
mega-scale renewable power to hydrogen project by Air Products and
The AES Corporation includes approximately 1.4 gigawatts (GW) of
wind and solar power generation, along with electrolyzer capacity
capable of producing over 200 metric tons per day of green
hydrogen, making it the largest green hydrogen facility in the
United States.
- A $4.5 billion clean energy
complex in Louisiana. Air Products
will build, own and operate the megaproject, which will produce
over 750 million standard cubic feet per day of clean hydrogen and
capture carbon dioxide during the production process for permanent
sequestration. The project represents Air Products' largest-ever
investment in the U.S.
- In conjunction with ACWA Power and NEOM, a multi-billion
world-scale green hydrogen-based ammonia production facility
powered by renewable energy. The project, which will be equally
owned by the three partners, will be sited in NEOM, a new model for
sustainable living located in the northwest corner of the
Kingdom of Saudi Arabia, and will
produce green ammonia for export to global markets.
- Air Products is teaming up with World Energy to build a new
$2.5 billion major expansion project
at World Energy's Sustainable Aviation Fuel (SAF) production and
distribution hub in Paramount,
California. The Los Angeles
County facility will be the world's first commercial scale
and North America's only SAF
production facility, and its total fuel capacity will be expanded
to 340 million gallons annually.
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 2022 sales of $12.7 billion from operations in over 50
countries and has a current market capitalization of over
$60 billion. More than 21,000
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 reimagine what's possible to address the
challenges facing customers, communities, and the world. For more
information, visit www.airproducts.com or follow us on
LinkedIn, Twitter, Facebook or Instagram.
Air Products 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, 2022 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