SHANGHAI, March 19, 2018 /PRNewswire/ -- Air Products
(NYSE: APD), a world-leading industrial gases company, today
announced it has signed an agreement with state-owned Shenhua New
Energy Co. Ltd. (New Energy), a subsidiary of China's energy conglomerate China Energy
Investment Group Co., Ltd. (China Energy), to provide two hydrogen
dispensers to China Energy's first commercial hydrogen fueling
station project in Rugao City of Jiangsu Province, eastern
China.
Air Products' global leading and proprietary
SmartFuel® hydrogen dispenser will be supplied for the
project for fueling the hydrogen fuel cell powered vehicles. The
fueling station is expected to be one of the largest in
China in terms of fueling capacity
when it becomes operational in mid-2018.
China Energy was established in November
2017 by the merger of Shenhua Group, a world-class energy
company, and China's power giant
China Guodian Corporation. With assets exceeding U.S. $270 billion, China Energy has set a number of
world records including being the largest producer of coal, thermal
power, renewable energy, and coal-to-oil and coal chemical
products. Clean energy, including hydrogen, is a key focus of the
Group.
"Air Products began collaborating with Shenhua Group affiliates
including the National Institute of Clean-and-Low-Carbon Energy in
2016 to accelerate China's
hydrogen economy," said Tammy Han,
vice president-Central and Western
China, Industrial Gases at Air Products. "We are excited
about the agreement with Shenhua New Energy which is a latest fruit
of our joint efforts to develop China's hydrogen energy market. We look
forward to further expanding our cooperation in hydrogen energy in
the future."
Air Products has participated in several of China's demonstration projects, such as
powering the official shuttle buses for the 2008 Beijing Olympic
Games, 2010 Asian Games and 2011 Shenzhen Universiade. The hydrogen
fueling station in Beijing has
continued to serve local vehicles since the events concluded.
As part of its efforts to support China's hydrogen energy industry, Air Products
also announced it has joined the National Alliance of Hydrogen and
Fuel Cell (NAHFC) organization, which was co-initiated by China
Energy and officially established in Beijing in February. The alliance is a
government-backed national platform to develop the hydrogen and
fuel cell industry by consolidating resources and innovative
technologies from key industry players and institutes. It also
serves as a think-tank to form the national hydrogen energy
strategy and development roadmap. As a key member in the alliance,
Air Products will leverage its leading expertise in hydrogen
production, storage, transportation and dispensing infrastructure
to support the hydrogen energy blueprint outlined in China's 13th Five-Year Plan.
As the leading global supplier of hydrogen to refineries to
assist in producing cleaner burning transportation fuels, Air
Products has rich experience in the hydrogen fueling industry. The
company has been involved in over 200 hydrogen fueling projects in
over 20 countries. In fact, several sites for certain hydrogen
fueling applications are currently fueling at rates of over 75,000
refills per year. Use of the company's fueling technology is
increasing and accounts for over 1,500,000 hydrogen fills per year.
Cars, trucks, vans, buses, scooters, forklifts, locomotives,
planes, cell towers, material handling equipment, and even
submarines have been fueled using Air Products' technologies.
Details on Air Products' hydrogen fueling station technologies can
be viewed at www.airproducts.com/h2energy.
Air Products has more than 60 years of hydrogen experience and
an extensive patent portfolio with over 50 patents in hydrogen
dispensing technology. It provides liquid and gaseous hydrogen and
a variety of enabling devices and protocols for fuel dispensing at
varied pressures. Hydrogen for these stations can be delivered to a
site via truck or pipeline, produced by natural gas reformation,
biomass conversion, or by electrolysis, including electrolysis that
is solar and wind driven.
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 2017 sales of $8.2
billion from continuing operations in 50 countries and has a
current market capitalization of about $35
billion. Approximately 15,000 passionate, talented and
committed employees from a diversity of backgrounds are driven by
Air Products' higher purpose to create innovative solutions that
benefit the environment, enhance sustainability and address the
challenges facing customers, communities, and the world. 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,
2017.
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SOURCE Air Products