Air Products (NYSE: APD) is a leading global industrial gas company, which began more than seven decades ago by pioneering the “on-site” take-or-pay contract in supplying oxygen to the steel industry. Four decades later, it also successfully introduced this concept for providing hydrogen to the oil refining industry. The company has again extended this on-site business model to the gasification process in producing syngas for various growing applications. Air Products has successfully executed several large gasification projects around the world and, in the process, became the world’s premier gasification company possessing propriety technologies and unmatched capabilities. The company expects the need for gasification will continue to grow and it is actively pursuing high return projects in this area.
Air Products also provides industrial gas in bulk liquid and compressed gas forms (collectively referred as “merchant”) in addition to the “on-site” dedicated facilities and is a leading supplier of liquefied natural gas process technology and equipment. The company will continue to support these businesses by pursuing new markets, develop new supply sources, and advance new technologies and applications.
Air Products has fiscal 2019 sales of $8.9 billion and market capitalization of about $50 billion. It employs 16,000 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.