Air Products (NYSE: APD) develops solutions to help meet the world’s energy and productivity needs. Our products help improve the environment and improve our customer’s production processes. We provide essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemical, metals, electronics, manufacturing, and food and beverage. We are also the global leader in the supply of liquefied natural gas process technology and equipment.
Air Products provides industrial gas in bulk liquid and compressed gas forms as well as via “on-site” dedicated facilities. We began more than seven decades ago by pioneering the on-site business model to supply oxygen to the steel industry. Four decades later, we extended the on-site model to provide hydrogen to the oil refining industry. Recently, we again extended the on-site model to gasification to produce syngas. Air Products has successfully executed several large gasification projects around the world and is now the world’s premier gasification company possessing propriety technologies and unmatched capabilities.
Looking into the future, Air Products sees significant opportunities in gasification, carbon capture and hydrogen for energy to help solve the world’s urgent sustainability challenges. Gasification enables an environmentally friendly way to use plentiful, lower value feedstocks. We see significant opportunities to capture the concentrated CO2 stream from gasifiers and hydrogen plants. Air Products is a leader in hydrogen fueling systems and infrastructure, and the company sees great potential in the years ahead to extend its leadership.
Air Products has fiscal 2019 sales of $8.9 billion and market capitalization of about $50 billion. It employs more than 17,000 people and operates over 750 facilities in 50 countries supplying to more than 30 industries.
(Excerpted from Seifi Ghasemi's 2019 Chairman's Letter)
As we move forward, we see significant opportunities
to solve sustainability challenges through gasification,
carbon capture technology solutions, and hydrogen
for mobility. Gasification enables an environmentally
friendly way to use plentiful, lower value feedstocks, and
technology strength is key in this area. Completing the
acquisition of GE’s gasification technology this year, and
with our other capabilities, we can provide a complete
solution to our customers, including development,
technology, engineering, construction, and operation of
large syngas projects...
Together, our gasification, carbon capture and hydrogen
for mobility efforts will continue to transform the
contributions we are making to solve the urgent
environmental issues of our world.