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| Beijing, China

Air Products Showcases Clean Energy Transition Solutions at Inaugural China International Supply Chain Expo

Air Products (NYSE:APD), a world-leading industrial gases company and a global leader in hydrogen, is taking part in the inaugural China International Supply Chain Expo (CISCE) from November 28-December 2 in Beijing to support China’s commitment to strengthening and stabilizing global industry and supply chains.

Air Products exhibits, in the Clean Energy Zone, its solutions and technologies for hydrogen and liquefied natural gas (LNG) that accelerate decarbonization and industry transformation. 

The world’s first national-level supply chain-themed expo, CISCE features five major supply chains including clean energy, providing an international platform for promoting global supply chain resilience by advancing industrial synergy across countries. The expo includes over 400 multinational and domestic participating companies from the upstream, midstream, and downstream sectors. 

“We are glad to participate in this first-of-its-kind event to share our expertise and foster collaboration with other key players to support China’s 3060 dual carbon goals and high-quality development,” said Saw Choon Seong, president, Air Products China. “Hydrogen is the clean energy solution for hard-to-abate sectors such as chemicals, steel and transportation and will play a vital role in China’s energy transition. As a global leader in hydrogen production with significant investments in several low- and zero-carbon hydrogen megaprojects around the world, Air Products is committed to speeding up the commercialization of hydrogen solutions for heavy transportation and industrial sectors through our reliable supply and experience across the full value chain.”

Air Products has been accelerating investment to strengthen its hydrogen supply chain in China.  The company is building the country’s first commercial-scale liquid hydrogen production facility in Haiyan, Jiaxing, Zhejiang province, installing commercial hydrogen fueling stations in the Yangtze River Delta region together with local governments, and partnering with several green logistics companies to pilot commercial hydrogen-powered heavy-duty vehicles. 

Air Products’ booth at CISCE (W3-G05), is themed "Together, Realizing a Sustainable Future" and highlights:  

Hydrogen: An integrated model demonstrating the company’s capabilities across all facets of the hydrogen value chain, including production, liquefaction, transport, storage, and refueling applications to decarbonize the heavy transportation sector.  

LNG: The company’s natural gas liquefaction technology which is used in producing the majority of total worldwide LNG. Air Products provides process technologies and key equipment for the natural gas liquefaction process for large export plants, small and mid-sized LNG plants, floating LNG plants and LNG peak shavers. 

Serving the China market for over 35 years since 1987, Air Products has a strong commitment to the country’s sustainable development. The company has been advancing the energy transition through its extensive range of sustainable solutions for diverse markets. It has actively participated in numerous clean energy demonstration projects, including innovations such as hydrogen for mobility technology supporting the green 2008 Beijing Summer Olympics and 2022 Beijing Winter Olympics. Air Products has also built China’s first large air separation unit utilizing liquefied natural gas cold energy in Putian, Fujian province, driving the development of future clean energy. To address China’s LNG expansions, the company has set up a new Rotoflow® turbomachinery solutions center in Shanghai, providing technical support for key LNG equipment components. 

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 clean hydrogen projects supporting the transition to low- and zero-carbon energy in the heavy-duty transportation and industrial sectors. Additionally, Air Products is the world leader in the supply of liquefied natural gas process technology and equipment, and provides turbomachinery, membrane systems and cryogenic containers globally.

The Company had fiscal 2023 sales of $12.6 billion from operations in approximately 50 countries and has a current market capitalization of about $60 billion. Approximately 23,000 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 airproducts.com or follow us on LinkedIn, X, 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, 2023 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.