LEHIGH VALLEY, Pa.,
March 19, 2023 /PRNewswire/
-- Air Products Qudra today announced it has signed an
agreement with ENOWA, NEOM's Energy, Water and Hydrogen subsidiary,
to build, own and operate NEOM's first hydrogen fueling station,
providing critical infrastructure for NEOM's sustainability
goals.
The initiative will help to decarbonize heavy modes of transport
in NEOM, covering buses and heavy-duty trucks. Groundwork for the
hydrogen fueling station is scheduled to commence second half of
2023.
Commenting on the signing, Ebubekir Koyuncu, Air Products
Qudra's Chief Executive Officer, said: "We look forward to
contributing our world-leading hydrogen expertise and fueling
technology in support of NEOM's decarbonization goals. Producing
and distributing clean hydrogen energy solutions for use in
heavy-duty fuel cell vehicles, as well as industrial applications
and energy storage, is part of our DNA."
"ENOWA is committed to combating climate change and reducing CO2
emissions through green hydrogen. Therefore, we are delighted to
partner with Air Products Qudra in providing hydrogen-powered
mobility solutions. Jointly we accelerate innovations in clean
technologies fueled by green hydrogen, and we contribute to
hydrogen mobility markets and a sustainable future of global
decarbonization," says Peter Terium, CEO of ENOWA.
Air Products Qudra is the development and investment company of
Air Products in the Middle East
with Qudra Energy as the joint venture partner, a subsidiary of
Vision Invest. Air Products Qudra's mission is to generate a
cleaner future, and that involves experience, technology, and
innovation on a world scale. Air Products Qudra is the leading
sustainability partner in the Middle
East, supporting countries to achieve their industrial and
net-zero targets.
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 about
$65 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.
About Air Products Qudra
Air Products Qudra is the regional development and investment
joint venture (JV) for Middle East
between Air Products and Qudra Energy, a subsidiary of Vision
Invest. Air Products is a world-leading industrial gases company
developing, engineering, building, owning and operating many of the
world's largest industrial gas projects; Vision Invest is a leading
development and investment Holding Company in the Kingdom of Saudi Arabia, with a diversified
portfolio of investments across several sectors such as Utility,
Infrastructure, Logistics and Industrial Gases with a global
operational investment footprint.
Formed following several years of partnership between its parent
companies, Air Products Qudra's mission is to bring world-class
technology, on-site solutions, and leading project execution and
operational leadership for large-scale energy and environmental
projects throughout the Middle
East region. For more information
visit www.airproductsqudra.com
About ENOWA
ENOWA is the energy, water and hydrogen company of NEOM,
Saudi Arabia. It produces and
delivers clean and sustainable resources for industrial and
commercial applications using a smart and connected infrastructure
designed to be circular and takes advantage of NEOM's optimal solar
and wind resources. ENOWA benefits from NEOM's greenfield site,
which has no legacy infrastructure, to advance Energy, Water and
Hydrogen innovation. ENOWA will act as a catalyst and incubator for
developing new, sustainable energy and water businesses while
creating a robust economic sector regionally. Through its
commitment to renewable energy and efficient water management,
ENOWA seeks to become a global reference for industry leaders and
setting a benchmark for sustainable economic circular systems
around the world.
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, 2022.
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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