Transition of Tractor Fleet to Zero Emission
Vehicles Begins at Air Products
Air Products (NYSE:APD), a world leader in the supply and
transport of hydrogen, and Cummins Inc., a global power and
hydrogen technologies leader, jointly announce the signing of a
memorandum of understanding (MOU) to work together to accelerate
the integration of hydrogen fuel cell trucks in the Americas,
Europe and Asia. Cummins will provide hydrogen fuel cell electric
powertrains integrated into selected OEM partners’ heavy-duty
trucks for Air Products, as Air Products begins the process of
converting its global fleet of distribution vehicles to hydrogen
fuel cell vehicles.
Following a successful demonstration and pilot phase, Air
Products plans to convert its global fleet of approximately 2,000
trucks to hydrogen fuel cell zero-emission vehicles. Cummins and
Air Products expect the demonstration phase to begin in 2022.
Additionally, Cummins and Air Products will work together to
increase the accessibility of renewable hydrogen, including
hydrogen infrastructure opportunities that promote the adoption of
hydrogen for mobility.
“We believe hydrogen is the future for heavy duty segments of
the transportation market and we can demonstrate to the world its
merits by being a first-mover in transitioning our heavy-duty fleet
of trucks to hydrogen fuel cell electric vehicles. We are pleased
to be working with Cummins to achieve our fleet transition goals.
Sustainability is Air Products’ growth strategy and creates our
growth opportunities, and nothing says more about our company’s
approach to sustainability than a fleet of zero-emission vehicles
on the road delivering product to customers every day,” said Seifi
Ghasemi, Air Products’ chairman, president and chief executive
officer.
“This is another turning point for hydrogen and the energy
transition,” said Tom Linebarger, chairman and chief executive
officer at Cummins. “As we develop the technologies of tomorrow, we
need the partnership of others to be successful, and this
partnership with Air Products is the next step in leading the
industry on the path to a zero-emissions future.”
“The best way to promote the adoption of hydrogen for mobility
in heavy-duty applications is for us to have units on the road and
lead by example. In addition to other heavy-duty applications like
transit fleets, where we already provide fueling solutions, the
semi-truck market is a major opportunity for hydrogen due to its
rigorous requirements. Only hydrogen fuel cell vehicles can provide
the necessary range, refueling time, and weight requirements to
decarbonize this important transportation sector,” said Eric Guter,
Air Products’ vice president for hydrogen for mobility
solutions.
“We are thrilled to work with Air Products to take this
important step towards transitioning thousands of their trucks to
zero-emissions, hydrogen fuel cell electric vehicles,” said Amy
Davis, vice president and president of New Power at Cummins.
“Together with Air Products, we will combine our vast expertise in
hydrogen—from production to consumption—with the on-road learnings
we already have through our Cummins-powered zero-emissions fleet.
From the hundreds of battery electric buses and trucks to fuel cell
systems for bus and rail, working with these innovative fleets
creates the tipping point necessary for us to scale and accelerate
a carbon-neutral world.”
Hydrogen is an important technology option for sustainable
transportation, including for heavy-duty vehicles. Hydrogen fuel
cells are gaining momentum as the technology of choice in
heavy-duty applications due to the duty cycles, especially in
extreme climate conditions. Hydrogen as a transportation fuel most
closely mirrors the traditional consumer transportation fuel
experience, and Air Products has been a pioneer in this area for
decades. The company’s technologies are used in over 1.5 million
refuelings annually across 20 countries, with Air Products having
been involved in over 250 projects.
As the world’s largest hydrogen producer, Air Products has
experience across the full value chain for hydrogen and is driving
sustainable growth by building, owning and operating the world’s
largest production, gasification, carbon capture, transportation
and fueling projects. With over 60 years of global hydrogen
experience operating in over 50 countries, Air Products has the
proven capability and know-how to make hydrogen through all
available production methods and to distribute this increasingly
important emission-free fuel safely, reliably, and
economically.
Cummins has a long history of advanced technology and
engineering capabilities and has a broad portfolio of
market-leading hydrogen technologies, including PEM electrolyzer
and fuel cell solutions. To date, the company has deployed more
than 2,000 fuel cells and 600 electrolyzers globally. Cummins
hydrogen innovations have been part of many of the world’s
“firsts,” including powering the world’s first hydrogen fuel cell
passenger trains, the world’s first hydrogen refueling station
suitable for ships, cars and trucks in Antwerp, Belgium and the
world’s largest PEM electrolyzer in Bécancour, Canada.
About Air Products
Air Products (NYSE:APD) is a world-leading industrial gases
company in operation for 80 years. Focused on serving energy,
environment and emerging markets, the Company provides essential
industrial gases, related equipment and applications expertise to
customers in dozens of industries, including refining, chemical,
metals, electronics, manufacturing, and food and beverage. Air
Products is also the global leader in the supply of liquefied
natural gas process technology and equipment. The Company develops,
engineers, builds, owns and operates some of the world's largest
industrial gas projects, including: gasification projects that
sustainably convert abundant natural resources into syngas for the
production of high-value power, fuels and chemicals; carbon capture
projects; and world-scale carbon-free hydrogen projects supporting
global transportation and the energy transition.
The Company had fiscal 2020 sales of $8.9 billion from
operations in 50 countries and has a current market capitalization
of nearly $65 billion. More than 19,000 passionate, talented and
committed employees from diverse 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 airproducts.com or follow us on LinkedIn
Twitter, Facebook or Instagram.
Cautionary Note Regarding Forward-Looking Statements: This
release contains “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
expectations and assumptions as of the date of this release and are
not guarantees of future performance. While forward-looking
statements are made in good faith and based on assumptions,
expectations and projections that management believes are
reasonable based on currently available information, actual
performance and financial results may differ materially from
projections and estimates expressed in the forward-looking
statements because of many factors, including risk factors
described in our Annual Report on Form 10-K for the fiscal year
ended September 30, 2020. Except as required by law, we disclaim
any obligation or undertaking to update or revise any
forward-looking statements contained herein to reflect any change
in the assumptions, beliefs or expectations or any change in
events, conditions or circumstances upon which any such
forward-looking statements are based.
About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of
complementary business segments that design, manufacture,
distribute and service a broad portfolio of power solutions. The
company’s products range from diesel, natural gas, electric and
hybrid powertrains and powertrain-related components including
filtration, aftertreatment, turbochargers, fuel systems, controls
systems, air handling systems, automated transmissions, electric
power generation systems, batteries, electrified power systems,
hydrogen generation and fuel cell products. Headquartered in
Columbus, Indiana (U.S.), since its founding in 1919, Cummins
employs approximately 57,800 people committed to powering a more
prosperous world through three global corporate responsibility
priorities critical to healthy communities: education, environment
and equality of opportunity. Cummins serves its customers online,
through a network of company-owned and independent distributor
locations, and through thousands of dealer locations worldwide and
earned about $1.8 billion on sales of $19.8 billion in 2020. Learn
more at cummins.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210726005438/en/
Media Inquiries: (Air
Products) Art George, tel: (610) 481-1340; e-mail:
georgeaf@airproducts.com (Cummins) Jon Mills, tel: (317) 658-4540;
email: jon.mills@cummins.com
Investor Inquiries: (Air
Products) Simon Moore, tel: (610) 481-7461; e-mail:
mooresr@airproducts.com (Cummins) Jack Kienzler, tel: (224)
254-6282; email: jack.kienzler@cummins.com
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