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Air Products exits partnership for two clean hydrogen projects totaling $2.5bn investment

Feb 25, 2025•over 1 year ago

Contract Type

partnership

AllentownManufacturingSustainability

Description

Air Products has exited two clean hydrogen projects with a total investment of $2.5bn. The projects involved partnerships with Boston-based World Energy to build a $2bn clean hydrogen-to-sustainable aviation fuels (SAFs) project in California and a separate $500m proposal to build and operate a liquid green hydrogen plant in New York state.

Company Information

Company

Air Products

Location

Allentown, Pennsylvania, United States

About

Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 80 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, medical and food. As the leading global supplier of hydrogen, Air Products also develops, engineers, builds, owns and operates some of the world's largest clean hydrogen projects, supporting the transition to low- and zero-carbon energy in the industrial and heavy-duty transportation sectors. Through its sale of equipment businesses, the Company also provides turbomachinery, membrane systems and cryogenic containers globally.

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