The US industrial gas giant today (11th Nov) reported financial results for the fourth quarter and fiscal year 2020, in which Air Products’ Chairman, President and CEO Seifi Ghasemi said, “Despite significant uncertainty in the global economy and ongoing challenges from Covid-19, we continue to deliver value through our stable business model, financial position, exciting growth opportunities, and the unwavering commitment and discipline of our people.”
Read more: Air Products reports fiscal 2020 results
Read more: Air Products reports fiscal Q4 2020 results
Air Products highlighted a number of projects from the fiscal year in its results today, which gasworld is revisiting below.
Largest-ever US investment of $500m
Air Products won a long-term onsite business model supply agreement in January for a project with Gulf Coast Ammonia (GCA) in Texas City, Texas, marking its largest-ever US investment of $500m.
Under the agreement, Air Products will build, own and operate its largest-ever steam methane reformer that will produce hydrogen and will be connected to its existing hydrogen pipeline system in the Gulf Coast.
Air Products will also build, own and operate an ASU to supply nitrogen, and will own and operate a steam turbine generator to supply power and other utilities to GCA’s new world-scale ammonia production plant.
Read the full story here.
Mozambique LNG Project
March saw Air Products announce it would provide its proprietary LNG technology, equipment and related process license and advisory services to the Mozambique LNG Project.
The company’s LNG manufacturing facility in Port Manatee, Florida will manufacture two LNG heat exchangers, which will then be shipped to the project site on the Afungi Peninsula in Cabo Delgado, Mozambique.
This LNG production facility will be the first onshore LNG Project in the Republic of Mozambique in Southeast Africa.
More here.
Netherlands nitrogen plants
In the same month (March), Air Products and N.V. Nederlandse Gasunie revealed they had broken ground on three new nitrogen plants near Zuidbroek, Groningen, in the Netherlands.
The three plants that will be built by Air Products for Gasunie will produce nitrogen to meet needs of commercial and consumer applications throughout the Netherlandic region.
Full story here.
$530m hydrogen acquisition
Air Products completed the $530m acquisition of five steam methane reformer hydrogen production plants from PBF Energy in April, and commenced the long-term supply of hydrogen from those plants to PBF refineries.
With a combined production capacity of almost 300 million standard cubic feet per day, are located in Torrance and Martinez, California and Delaware City, Delaware.
More information here.
Landmark coal-to-methanol project
Air Products announced a $2bn investment in May to build a coal-to-methanol production facility in Indonesia.
Under a long-term on-site contract with PT. Bakrie Capital Indonesia and PT. Ithaca Resources, the US industrial gas giant will build, own and operate the air separation, gasification, syngas clean-up, utilities and methanol production assets to produce methanol for Bakrie and Ithaca.
Located in Bengalon, East Kalimantan, this facility – including Air Products’ proprietary Syngas Solutions™ dry-feed gasifier – will enable nearly two million tons per year (TPY) of methanol to be produced from nearly six million TPY of coal. The project is expected onstream in 2024.
Full story here.
Louisiana industrial gases plant
Air Products’ new steam methane reformer (SMR) and cold box in Geismar, Louisiana came onstream in July and started supplying Huntsman’s neighbouring industrial operations.
The company built, owns and operates the facility under a long-term agreement, supplying carbon monoxide (CO), hydrogen and steam produced from the facility to Huntsman.
Air Products’ SMR is also connected to its Gulf Coast hydrogen pipeline and network system (GCP), which is the world’s largest hydrogen plant and pipeline network system.
More information here.
NEOM project
July also saw the unveiling of plans to construct a $5bn world-scale green hydrogen-based ammonia production facility powered by renewable energy in Saudi Arabia.
Air Products signed an agreement with ACWA Power and NEOM for the plant, which will be equally owned by the three partners, and supply 650 tonnes per day of green hydrogen, via electrolysis using thyssenkrupp technology, for transportation globally.
Air separation technology from Air Products will produce nitrogen and 1.2 million tonnes per year of green ammonia will be produced using Haldor Topsoe technology.
Scheduled to be onstream in 2025, Air Products said it would be the exclusive offtaker of the green ammonia and intends to transport it around the world to be dissociated to produce green hydrogen for the transportation market.
Read the full story here.
Malaysia long-term contract
Air Products inked a long-term onsite contract with a global leader in memory and storage solutions in September to supply a new state-of-the-art facility in Penang, north Malaysia.
Under the agreement, Air Products will install a PRISM® cryogenic nitrogen generator which will supply a significant volume of high purity, reliable and economical on-site gaseous nitrogen to the new facility.
The gases will be used will be used in the customer’s chip assembly processes and cold testing of the memory products, helping improve product quality, productivity, and environmental performance.
More here.