TThe energy and environmental challenges facing the planet need innovation and real investment now. Air Products' industry-leading capital commitment to accelerating the energy transition: more than $15 billion in capex will be spent or committed between 2018 and 2027 to first-mover projects. We have already committed >$11 billion to projects being executed to come online before 2027.
Blue hydrogen/net zero-carbon facility in Alberta, Canada
Expansion project at World Energy's Sustainable Aviation Fuel (SAF) production and distribution hub in Paramount, California
Blue hydrogen/low-carbon clean energy complex in Louisiana
Green hydrogen/zero-carbon joint venture project with NEOM and ACWA Power in the Kingdom of Saudi Arabia
The future climate benefits from our announced hydrogen projects, if all were to be used for the heavy-duty truck market, will eliminate more than 20 million tonnes of CO₂ per year.
Over their lifetime, these projects are expected to avoid more than 500 million tonnes of CO₂e, which is the equivalent to the emissions from about 50 billion gallons or over 220 billion liters of diesel used in heavy-duty trucks.
This does not include the benefits brought by future, yet-to-be-announced projects.