LEHIGH VALLEY, Pa., June 30 /PRNewswire-FirstCall/ -- Air Products (NYSE: APD) today announced the signing of a new long-term oxygen and nitrogen supply agreement, and that it will build a new air separation unit (ASU) and refurbish its existing ASU and liquefier at its facility in Granite City, Illinois. The new facility, planned to be onstream in the second quarter of 2012, will provide additional capacity for meeting both on-site customer demand for gases and merchant liquid products in the region.
"Air Products has been producing industrial gases at Granite City since the 1950s. This new investment will expand our capability to serve current customers and provide significant modernization of our operations there. It represents another step in our commitment to existing customers in that area, and strengthens Air Products' ability to supply merchant liquid products to customers in the Midwest market," said Wilbur Mok, vice president–Tonnage Gases North America for Air Products.
The new 500-ton-per-day ASU, planned to be onstream in 2012, in combination with the existing, refurbished ASU and liquefier, will add capability to serve both the on-site customer and the merchant market. Total argon capacity for the site will also increase as a result of this project.
Air Products (NYSE: APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. In fiscal 2009, Air Products had revenues of $8.3 billion, operations in over 40 countries, and 18,900 employees around the globe. For more information, visit www.airproducts.com.
***NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.
SOURCE Air Products