SINGAPORE, Oct. 23, 2013 /PRNewswire/ -- Air Products (NYSE: APD), a leading global industrial gases and performance materials supplier, today announced it has signed a contract to supply both gaseous and liquid nitrogen to Prime Evolue Singapore Pte. Ltd. Air Products will also further extend its existing industrial gas pipeline network to the Tembusu area from its existing pipeline network in the Sakra area on Jurong Island, Singapore, to support the growth of chemical and petrochemical customers with cost-effective and reliable industrial gas supply.
Strategically positioned as the heart of Singapore's energy and chemical industry, Jurong Island is home to more than 95 leading global petroleum, petrochemical and specialty chemicals companies. It provides well-developed "plug-and-play" infrastructure where companies can save capital costs through use of shared facilities and utilities to reap synergies through product integration.
Air Products has been serving petrochemical customers on the island since 1997 through its air separation plant, which can produce 250 metric tons per day of gases. The pipeline extension further strengthens the company's supply position to meet the increasing market demand.
"This latest pipeline expansion on Jurong Island is part of Air Products' long-standing commitment to drive growth in energy, environmental and emerging markets through investment," said Philip C. Sproger, vice president and general manager, Tonnage Gases-Asia at Air Products. "Singapore's energy and chemical industry plays an important role on the Asian as well as the world stage. We will continue to pursue opportunities to support its development and help customers be more productive, energy efficient and sustainable with our technology and experience."
Air Products marks its 16th anniversary in the Singapore market this year and has established long-term relationships with a mix of local and multinational companies. In addition to the air separation plant on Jurong Island the company currently operates a helium and specialty gas plant in Senoko and an epoxy additives and polyamide plant in Gul Crescent, supplying a wide array of industries in the country and other Asian markets.
As a leading global supplier to the petrochemical industry for over 65 years, Air Products provides a diverse portfolio of gas products and technologies. These industrial gases include oxygen, nitrogen and hydrogen, among others, and technologies including air separation, hydrocarbon recovery, and purification. These gases and technologies help customers increase sustainability and operational efficiency, improve safety and product quality, as well as lower total operating costs. In addition, Air Products Express (APEX) services offer customers in the industry fast, flexible temporary industrial gas supply for a wide range of pipeline applications, including product displacement, pig pushing, pressure testing, maintenance purging, line drying, and inerting.
About Air Products
Air Products (NYSE: APD) provides atmospheric, process and specialty gases; performance materials; equipment; and technology. For over 70 years, the company has enabled customers to become more productive, energy efficient and sustainable. More than 20,000 employees in over 50 countries supply innovative solutions to the energy, environment and emerging markets. These include semiconductor materials, refinery hydrogen, coal gasification, natural gas liquefaction, and advanced coatings and adhesives. In fiscal 2012, Air Products had sales of approaching $10 billion. For more information, visit www.airproducts.com.
NOTE: This release may contain forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's reasonable expectations and assumptions as of the date of this release regarding important risk factors. Actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors not anticipated by management, including risk factors described in the Company's Form 10K for its fiscal year ended September 30, 2012.
SOURCE Air Products