Air Products Signs Contract to Supply Carbon Monoxide from Expanded Syngas Separation Unit Additional Gases for Petrochemical-Rich Region and Vast Gulf Coast Hydrogen Pipeline Network
LEHIGH VALLEY, Pa., Nov. 15, 2012 /PRNewswire/ -- Air Products (NYSE: APD) today announced the signing of an agreement to expand its existing syngas separation unit (SSU) in Geismar, Louisiana to increase the supply of carbon monoxide (CO). The increased capacity of CO is mainly for the supply of BASF's publicly-announced world-scale formic acid plant to be built at BASF's Geismar Verbund site.
The facility expansion will also provide Air Products increased hydrogen production for sale to refinery and petrochemical customers along its vast Gulf Coast hydrogen pipeline network system, and will further support filling of bulk CO tube trailers from its existing Geismar transfill facility. The incremental SSU expansion is expected to commence operations in the second quarter of 2014.
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 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, 2011.
SOURCE Air Products