LEHIGH VALLEY, Pa.,
Oct. 27, 2015 /PRNewswire/ -- Air
Products (NYSE: APD) and Kiewit Energy Company today jointly
announced an agreement in which the two companies will work
together to pursue smaller-sized LNG projects in North
America. Specifically, the two companies will seek project
opportunities for the production of up-to-500,000 gallons per day
(GPD) of liquefied natural gas (LNG) using Air Products'
proprietary natural gas liquefaction technologies and
equipment.
Air Products and Kiewit believe their cooperation will provide
potential customers with a one stop shop and a rapid response to
project opportunities. Customers will benefit from the strength of
Air Products' technology experience in the LNG industry combined
with Kiewit's expertise in construction and plant equipment
offerings.
"Through this arrangement Air Products and Kiewit will offer a
unified approach to customers in this market. As a team we
will be able to provide lump sum turnkey offerings that will be
very attractive to potential customers," said Larry Balascak, LNG commercial manager at Air
Products. "We are very pleased to be working closely with Kiewit
and believe our collaboration will be well received by customers
considering smaller LNG facilities."
Prior to signing the current agreement, the two companies won an
LNG project working together, for which Air Products will supply
its LNG liquefaction and storage technology to Kiewit, who will be
responsible for overall engineering and construction of the
facility. The single production train will be capable of
producing approximately 235,000 GPD of LNG for an LNG peakshaver
facility in the United States. Air
Products' supplied LNG technology and equipment for that project is
to be operational in 2017.
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.
Editor's Note:
Air Products & LNG
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.
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.
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.
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