LEHIGH VALLEY, Pa., June 24, 2015 /PRNewswire/ -- Air Products (NYSE: APD), the global leader in liquefied natural gas (LNG) technology and equipment, announced today an agreement to provide its proprietary LNG technology, equipment, and process license for Freeport LNG Development, L.P.'s Train 3 gas liquefaction and export project. The sale includes Air Products' main cryogenic coil-wound heat exchangers and associated technology, which will be vital in the production of LNG at the facility near Freeport, Texas.
Air Products will supply its LNG proprietary AP-C3MR™ liquefaction technology, and its MCR® Main Cryogenic Heat Exchanger will be installed at the heart of the proprietary propane pre-cooled mixed refrigerant liquefaction process. Air Products technology and equipment for Train 3 is scheduled to be onstream in 2019.
"We are pleased to have been successful in being selected as the LNG technology supplier for the third train at Freeport LNG, and proud to be able to say we are the supplier for all three trains to operate at the location," said Jim Solomon, director - LNG at Air Products. "As the United States LNG export market has continued to develop, our technology and equipment has consistently been the choice at several locations for LNG projects around the country. We look forward to continued involvement with the industry's coming projects."
"Similar to our Trains 1 and 2 before, we went for the tried and tested workhorse of the gas liquefaction industry — the APCI process — for our Train number 3. This technology is economic, efficient and reliable, and we look forward to our project's start-up and operations as we fully expect these crucial phases to be free of major problems," said Mark Mallett, Freeport LNG's senior vice president, Operations & Projects.
Air Products' involvement in the U.S. LNG export market, besides the three trains for Freeport LNG, includes providing the LNG technology and equipment for Dominion's liquefaction project at Cove Point in Lusby, Maryland, and three production trains for the Cameron LNG Liquefaction Project, in Hackberry, Louisiana.
A majority of the total worldwide LNG is produced with Air Products' technology. Air Products has now designed, manufactured, and exported more than 100 coil wound heat exchangers for LNG projects around the globe over the last four decades. In 2014 Air Products dedicated a second U.S. LNG manufacturing facility in Port Manatee, Florida. The new facility, when combined with the existing Wilkes-Barre, Pennsylvania facility, doubles the company's manufacturing capacity for its world-leading technology to both meet increasing customer demand and specifically for the manufacture of larger LNG heat exchangers.
Air Products' LNG technology is vital in helping meet the world's increasing energy needs and desire for clean energy and is operating in 15 countries around the globe, processing and cryogenically liquefying valuable natural gas for consumer and industrial use. Air Products' LNG process technology and equipment is the heart of an LNG production plant. The technology, in place at some of the most remote locations around the world, takes natural gas and unlocks its value by liquefying it and making it possible to economically ship it around the world. The LNG is eventually re-gasified for energy use.
In support of the LNG industry, Air Products provides process technology and key equipment for the natural gas liquefaction process for large export plants, small and mid-sized LNG plants, floating LNG plants and LNG peak shavers. Upstream, Air Products provides both nitrogen and natural gas dehydration membrane systems for offshore platforms. Downstream, Air Products provides dry inert gas generators for LNG carriers, shipboard membrane nitrogen systems, and land-based membrane and cryogenic nitrogen systems for LNG import terminals and base-load LNG plants.
About Air Products
Air Products (NYSE: APD) is a leading industrial gases company. For nearly 75 years, the company has provided atmospheric, process and specialty gases, and related equipment to manufacturing markets including metals, food and beverage, refining and petrochemical, and natural gas liquefaction. Air Products' materials technologies segment serves the semiconductor, polyurethanes, cleaning and coatings, and adhesives industries. Over 20,000 employees in 50 countries are working to make Air Products the world's safest and best performing industrial gases company, providing sustainable offerings and excellent service to all customers. In fiscal 2014, Air Products had sales of $10.4 billion and was ranked number 276 on the Fortune 500 annual list of public companies. 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, 2014.
SOURCE Air Products