LEHIGH VALLEY, Pa.,
July 31, 2017 /PRNewswire/ -- Air
Products (NYSE: APD), the world's leader in liquefied natural gas
(LNG) technology and equipment, today announced an agreement with
TP JGC Coral France for the supply of its proprietary cryogenic
coil wound heat exchanger technology and the liquefaction process
license for a floating liquefied natural gas (FLNG) facility to be
located in the Indian Ocean, offshore Mozambique, Africa.
The FLNG facility being built by TP JGC Coral France, an
incorporated joint venture formed by TechnipFMC and JGC
Corporation, along with Samsung Heavy Industries, will utilize Air
Products' dual mixed refrigerant process. The liquefaction
capacity will be 3.4 million tons per annum. The FLNG plant
will be moored and operate on the surface above 6,500 feet of water
in the Indian Ocean, in a natural gas field known as Area 4 of the
Coral Field.
"Air Products is very pleased to be involved with a few more
firsts in our work with the global LNG industry. The Coral South
LNG Project is Air Products' first time providing our proprietary
LNG technology in Mozambique, and
it will also be the first deep-water FLNG project for Africa. We believe our involvement with other
FLNG efforts in different parts of the world gives us unparalleled
experience in the floating LNG market," said Dr. Samir J. Serhan,
executive vice president at Air Products. Dr. Serhan added
that the Mozambique FLNG location will be the 20th
country in which Air Products' LNG technology has been deployed
around the globe.
Air Products' proprietary technology, vital to helping meet the
world's increasing energy needs and desire for clean energy,
processes and cryogenically liquefies valuable natural gas for
consumer and industrial use. Air Products has manufactured
LNG heat exchangers for over 45 years. Typically, an LNG heat
exchanger can be as large as over 15 feet in diameter and 180 feet
long, or about two-thirds of the size of a football field. A
finished unit can weigh as much as 500 tons. To date, over 115
large coil wound heat exchangers have been deployed by Air Products
at LNG facilities throughout the world.
Air Products' LNG process technology and equipment is the heart
of an LNG production plant. The technology, in place at some of the
most remote locations around the world, takes natural gas and
unlocks its value by liquefying it and making it possible to
economically ship it around the world. The LNG is eventually
re-gasified for energy use.
A majority of total worldwide LNG is produced with Air Products'
technology. In support of the LNG industry, Air Products provides
process technology and key equipment for the natural gas
liquefaction process for large export plants, small and mid-sized
LNG plants, floating LNG plants and LNG peak shavers. Upstream, Air
Products provides both nitrogen and natural gas dehydration
membrane systems for offshore platforms. Downstream, Air Products
provides membrane nitrogen generators for LNG carriers, and
land-based membrane and cryogenic nitrogen systems for LNG import
terminals and base-load LNG plants.
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