Air Products is making significant investments in lower carbon hydrogen for the world, including our share of the $7 billion (USD) NEOM project, the world’s largest green hydrogen energy project. Through this project, we will supply carbon-free green hydrogen to power buses and trucks around the world by 2025, eliminating three million tons per year of CO₂ emissions, the equivalent of emissions from over 700,000 cars. We are also investing in blue hydrogen projects in Canada and the U.S. to support the world’s transition to lower carbon energy
We are committed to improving our own performance by operating efficiently, incorporating environmental considerations into the design of our facilities and products, effectively managing environmental risks and transparently communicating our environmental performance. While our resource consumption and emissions may increase due to growing societal and customer demands for our products, our efficiency and environmental improvements enable us to make our customers’ processes and products better through higher productivity, improved energy efficiency and lower emissions.
We have established a significant goal to reduce CO₂ emissions intensity by one-third by 2030 from a 2015 baseline year. In 2021, we continued to reduce CO₂e emissions intensity, reaching a reduction of four percent. We have also established a resource conservation goal, striving to continue increasing the energy efficiency of our operations, which supports our CO₂ emissions intensity goal and reduces water consumption. We have improved year-on-year water intensity by 16% and maintained energy efficiency.