LEHIGH VALLEY, Pa.,
Jan. 28, 2015 /PRNewswire/ -- Air
Products (NYSE: APD), the global leader in liquefied natural gas
(LNG) technology and equipment, has signed an agreement increasing
its already active and integral role in the growing U.S. LNG export
market. Air Products will be providing its proprietary LNG
technology, equipment, and related process license for three
production trains for the Cameron LNG Liquefaction Project, located
in Hackberry, Louisiana. The
Department of Energy has approved the Cameron LNG facility for LNG
export up to 12 million tons per year. Air Products' sale
includes three main cryogenic coil wound heat exchangers and the
associated equipment and technology.
"The export market for LNG in the
United States (U.S.) is new and developing, and we have been
successful in winning the business for several of the most recently
announced projects. We are pleased to support Cameron LNG at
the Louisiana location, and after
decades of our technology operating at many locations around the
world, we look forward to seeing our technology operating here in
the U.S.," said Jim Solomon,
director - LNG at Air Products.
"Cameron LNG, as one of the first new liquefied gas export
terminals in North America, is
currently under construction. Air Products is an essential
part of Cameron LNG's efficient solution to delivering safe and
reliable LNG to our customers," said Farhad
Ahrabi, Chief Executive Officer of Cameron LNG LLC.
Cameron LNG is jointly owned by Sempra, GDF SUEZ, Mitsui, and Japan
LNG Investment, LLC (a company jointly owned by Mitsubishi
Corporation and Nippon Yusen Kabashiki Kaisha (NYK)).
Air Products will supply its LNG proprietary C3MR™
liquefaction technology and equipment, and its MCR® Main
Cryogenic Heat Exchangers will be installed at the heart of the
proprietary propane pre-cooled mixed refrigerant liquefaction
process.
In addition to Cameron LNG in Louisiana, Air Products is also providing its
LNG technology and equipment for Freeport LNG's liquefaction and
export project in Freeport, Texas,
and Dominion's liquefaction project at its Cove Point LNG facility
in Lusby, Maryland. "There is an
element of pride involved in playing a significant role in what
will be one of the first LNG export terminals in the U.S. At
the same time, we look forward to continued market involvement in
the U.S. as other projects proceed to development," said
Solomon.
A majority of the total worldwide LNG is produced with Air
Products' technology. Air Products has designed, manufactured, and
exported more than 100 coil wound heat exchangers for LNG projects
around the globe over the last four decades. In January 2014 Air Products dedicated a second U.S.
LNG manufacturing facility in Port Manatee, Florida. The new
facility, when combined with the existing Wilkes-Barre, Pennsylvania facility, doubles
the company's manufacturing capacity for its world-leading
technology to both meet increasing customer demand and specifically
for the manufacture of larger LNG heat exchangers.
Air Products' LNG technology is vital in helping meet the
world's increasing energy needs and desire for clean energy and is
operating in 15 countries around the globe, processing and
cryogenically liquefying valuable natural gas for consumer and
industrial use. 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.
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 dry inert
gas generators for LNG carriers, shipboard membrane nitrogen
systems, 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
leading industrial gases company. For nearly 75 years, the company
has provided atmospheric, process and specialty gases, and related
equipment to manufacturing markets including metals, food and
beverage, refining and petrochemical, and natural gas liquefaction.
Air Products' materials technologies segment serves the
semiconductor, polyurethanes, cleaning and coatings, and adhesives
industries. Over 20,000 employees in 50 countries are working to
make Air Products the world's safest and best performing industrial
gases company, providing sustainable offerings and excellent
service to all customers. In fiscal 2014, Air Products had sales of
$10.4 billion and was ranked number
276 on the Fortune 500 annual list of public companies. 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,
2014.
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SOURCE Air Products