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Air Products To Receive Approximately $475 Million (Cad) In Funding For Alberta, Canada Net-Zero Hydrogen Energy Complex From Government Energy Transition Programs

Nov 08, 2022•about 3 years ago

Amount Raised

$475 Million

AllentownManufacturing

Description

At a news conference today in Edmonton, Alberta, Canada, the Canadian federal and provincial governments announced approximately $475 million (CAD) in project funding for Air Products' multi-billion-dollar landmark net-zero hydrogen energy complex in Alberta. The facility, already being executed, will make Edmonton, Alberta the centre of western Canada's hydrogen economy and set the stage for Air Products to operate one of the most competitive and lowest-carbon-intensity hydrogen networks in the world.

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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