LEHIGH VALLEY, Pa.,
Jan. 31, 2017 /PRNewswire/
-- Air Products (NYSE: APD), a world-leading industrial gases
company, today announced plans to install a new liquefier at its
air separation plant located in Middletown, Ohio to increase liquid nitrogen
(LIN) production to meet increasing customer product needs. The new
liquefier is to be onstream in October
2018.
"This planned increase in LIN production is the direct result of
keeping up with existing customer demand and increased product need
from one large customer in particular, who is already under a
long-term contract," said John
Robinson, vice president – Northern Region, Americas
Industrial Gases at Air Products. "Air Products goal is to be
the safest and best performing industrial gas company in the world,
with excellent service to our customers. This is a prime
example of excellent service to our customers, as we are making
this investment to meet defined needs in the region."
Air Products' facility in Middletown has two large air separation units
(ASU), commissioned in 1983 and 2012, which serve large tonnage
industrial gas demand in the area. The facility also supports
merchant markets with liquid nitrogen and liquid oxygen capacity,
and is also a key Midwest source of liquid argon.
This investment will add hundreds of tons per day of liquid
nitrogen capacity, allowing Air Products to strengthen and grow its
presence in a dynamic geography that has a strong pipeline of
opportunities. "We realize the importance of reliable supply and
will invest to support our customers' growth," said
Robinson.
About Air Products
Air Products (NYSE:
APD) is a world-leading Industrial Gases company in operation for
over 75 years. The Company's core industrial gases business
provides atmospheric and process gases and related equipment to
manufacturing markets, including refining and petrochemical,
metals, electronics, and food and beverage. Air Products is also
the world's leading supplier of liquefied natural gas process
technology and equipment.
The Company had fiscal 2016 sales of $7.5
billion from continuing operations in 50 countries and has a
current market capitalization of approximately $30 billion. Approximately 16,000 employees are
making Air Products the world's safest and best performing
industrial gases company, providing sustainable offerings and
excellent service to all customers. 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,
2016.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/air-products-installing-industrial-gas-liquefier-at-middletown-ohio-facility-300399559.html
SOURCE Air Products