Air Products Signs Second Deal to Supply Integrated Oxy-fuel Solution to Techpack Solutions in Korea

SEOUL, Korea, Aug. 17, 2015 /PRNewswire/ -- Air Products (NYSE: APD), a leader in oxy-fuel combustion technology and integrated solutions to the global glass industry, today announced it has been selected by Techpack Solutions in Korea to supply its integrated oxy-fuel solution. It is Air Products' second project to support this leading Korean container glass maker to reduce emissions and improve energy efficiency and productivity.

The integrated solution encompasses Air Products' oxy-fuel combustion system, including Cleanfire® HRi^TM oxy-fuel burners and an automatic flow control skid. The company will also install a PRISM® vacuum swing adsorption (VSA) oxygen generator to supply reliable and economical on-site oxygen used to power the oxy-fuel burners for melting glass.

"We have experienced a successful full conversion from air-fuel combustion to Air Products' integrated oxy-fuel solution to realize the environmental, operational and productivity benefits," said Young-Min Kim, technical team general manager of Techpack Solutions. "We are pleased to continue working with Air Products when converting another furnace. We know we can rely on their global experience and seasoned combustion engineering experts who understand the glass industry deeply and are fully committed."

Oxy-fuel technology is proven to bring multiple benefits such as over 50% reduction in nitrogen oxide emissions, 10-20% in energy savings, about 25% increase in productivity, reduction of capital, and improvement in efficiency and glass quality.

"We are honored to have Techpack Solutions' confidence to support their further conversion to oxy-fuel combustion," said Kyo-Yung Kim, president of Air Products Korea. "South Korea has been transitioning actively towards low-carbon, sustainable development under the government's green growth strategy. Our proven success with Techpack Solutions and many other customers worldwide speaks volumes about Air Products' commitment and ability to help Korean glass makers improve both their environmental footprint and competitiveness."

Air Products is a leader in oxy-fuel technology with over 50 years of experience and offers integrated solutions, from gas supply to combustion systems, technology, customized control systems, technical and design expertise, commissioning service, safety and site training, and maintenance contracts and project management. The company has already installed more than 1,500 Cleanfire burners around the world. For more information, visit www.airproducts.com/industries/GlassMinerals.aspx.

Techpack Solutions, founded in the mid-1950s, is South Korea's leading packaging solution provider and largest manufacturer of glass bottles for the domestic and worldwide markets. The company makes a wide range of glass containers for the food, drink and medical industries.

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

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