LEHIGH VALLEY, Pa.,
July 28, 2017 /PRNewswire/
-- Air Products (NYSE: APD), a world-leading industrial gases
company, today announced its three large air separation units
(ASUs) in Hangjinqi, Inner Mongolia, for Inner Mongolia Yitai
Chemical Co. Ltd. (Yitai Chemical) have come on-stream. The
world-scale facilities supply more than 9,000 tons per day of
gasesous oxygen, four pressure levels of gasesous nitrogen,
instrument air, and plant air to Yitai Chemical's leading fine
chemical demonstration project, which produces 1.2 million tons of
high-quality fine chemical products annually.
Yitai Chemical is wholly owned by Inner Mongolia Yitai Group Co.
Ltd., a leading coal group and one of the top 10 private companies
in China. It is also the largest
coal group in Inner Mongolia, which also has major coal-to-energy
and chemical investments in Xinjiang.
"Air Products has been serving China for 30 years and contributing to many
milestone energy projects. Inner Mongolia holds one of China's largest coal reserves and is a
strategic region for the country's energy industry. We are pleased
that our state-of-the-art large ASUs play a role in supporting this
landmark project for the clean and efficient use of coal resources,
a key goal of the Government's 13th Five-Year Plan,"
commented Saw Choon Seong, China
president, Industrial Gases at Air Products. "We continue to pursue
opportunities to leverage our innovation, scale, and reliable and
safe supply to support our customers and the country's
sustainability goals."
Air Products' large ASU trains are equipped with
state-of-the-art air compressors, and design and technology
advancements to enhance energy efficiency and minimize operational
costs for the customer. In addition, a pioneering closed-circuit
water cooling system is installed to help reduce water use.
Air Products has been operating in China since 1987 and enabling customers to
meet their productivity, energy efficiency and environmental
targets with its integrated gases supply, sustainable solutions and
expertise. The company has built many world-scale ASU facilities in
the country supplying large tonnage quantities of industrial gases
to significant energy projects for customers including Weihe Clean
Energy Co., Pucheng Clean Energy Co. and Shaanxi Future Energy Co.
in Shaanxi Province and Shanxi
Lu'an Mining Group. Among them are some of the world's largest ASU
orders ever awarded to an industrial gas company.
Outside China, the company is
building the world's largest industrial gas complex, capable of
supplying 75,000 metric tons per day (20,000 oxygen and 55,000
nitrogen) to Saudi Aramco's refinery being built in Jazan,
Saudi Arabia. Some key process
equipment is designed and manufactured by Air Products' engineering
and manufacturing teams in Shanghai,
China.
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.
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SOURCE Air Products