Air Products and Chemicals, Inc. Overview
Company Headquarters: Pennsylvania, US
Founded: 1940
Workforce: ~ 21,900
Company Working: Air Products and Chemicals, Inc. focuses on serving the energy, environmental, and developing markets, offers vital industrial gases, associated equipment, and applications knowledge to clients across a variety of sectors, including chemical, metals, electronics, manufacturing, food and beverage, and refining. The business also leads the world in the equipment and process technologies for liquefied natural gas delivery. Some of the biggest industrial gas projects in the world are developed, engineered, constructed, owned, and run by it. These projects use gasification, which sustainably transforms plentiful natural resources into syngas to provide high-value electricity, fuels, and chemicals. The regional industrial gases divisions manufacture and distribute Speciality gases, atmospheric gases like syngas (a blend of hydrogen and carbon monoxide), process gases like hydrogen, helium, carbon dioxide, and nitrogen, and atmospheric gases like oxygen, nitrogen, and argon. The Company's equipment sales operations are included in the Corporate and other divisions. This business unit supplies membrane systems and cryogenic containers as well as cryogenic and gas processing equipment for air separation, liquefied natural gas process technology and equipment, turbo machinery equipment and services.
Air Products and Chemicals, Inc. maintains the widest hydrogen distribution network in the world and owns and runs more than 100 hydrogen plants that produce more than seven million kilograms (three billion standard cubic feet) of hydrogen daily. The company has more than 60 years of expertise with hydrogen and a sizable hydrogen dispensing technology patent portfolio. The business has worked on more than 250 hydrogen fueling installations in more than 20 different nations. Hydrogen produced by Air Products has been used to fuel a variety of vehicles, including cars, trucks, vans, and buses. The company has its geographical presence in Asia, Europe, and the Middle East.
Strategy
Sustainability is a key pillar of Air Products growth strategy. Through its core industrial gases business, the company supplies customers in dozens of industries with critical products and expertise that lower emissions and increase efficiency and productivity. Through the blue and green hydrogen megaprojects, the company will commit more than $15 billion by 2027 to deliver clean hydrogen at scale, helping to drive the energy transition and move humanity forward.
The company’s growth strategy is to further penetrate markets outside the United States, particularly in markets such as China, India, Indonesia, and the Middle East, and involve significantly larger and more complex projects, including gasification and large-scale hydrogen projects, some in regions where there is the potential for significant economic and political disruptions. The firm is actively investing large amounts of capital and other resources, in some cases through joint ventures, in developing markets with high growth potential.
