LEHIGH VALLEY, Pa.,
Oct. 28, 2015 /PRNewswire/
-- Air Products (NYSE: APD) today announced two big helium
market wins that demonstrate the company's industry
leadership. Air Products will supply to RasGas Company Ltd
(RasGas), the helium licensor package equipment for the new Helium
3 plant to be located at the Barzan facility in Ras Laffan
Industrial City, Qatar. Additionally, Air Products won the
award for the long-term helium supply from the Helium 3 plant which
is expected to produce up to 0.4 Bsf/annum of liquid helium, and in
achieving this, the company will again be the world's largest
commercial supplier of helium when the plant begins production in
2018.
"These are two very big accomplishments for our company.
The equipment win to build the helium plant demonstrates RasGas'
confidence in Air Products as a global supplier of high technology
gas processing equipment and helium technology. Just as
importantly, the long-term helium supply contract win demonstrates
to our many customers our dedication to them in ensuring a
consistent and reliable helium supply," said Walter Nelson, vice president and general
manager – Global Helium at Air Products.
Air Products has an existing relationship with RasGas in other
business and markets, and a successful history of accomplishments
in Qatar. Air Products previously supplied the natural gas
liquefaction technology, key liquefaction equipment, and helium
extraction boxes for all 14 liquefied natural gas (LNG) trains for
RasGas and Qatargas, as well as the large air separation plant for
Oryx GTL, which are all located in Ras Laffan.
Air Products has been conducting business in the Middle East for over a half-century, having
built the region's first-ever air separation unit (ASU) in the
1950s, and has more than 50 years of experience satisfying
industrial gas customers. The company's Middle East operation is headquartered in
Dubai, UAE. Regional
business activity has accelerated in recent years with multiple
industries requiring ASUs and hydrogen production plants, including
the April 2015 announcement to build,
own and operate the world's largest industrial gas complex in
Jazan, Saudi Arabia. Air Products
continues to build on long-standing regional relationships with the
Abdullah Hashim Group and ACWA Power.
The helium supply contract win is another step in a series of
important steps taken recently by Air Products to obtain reliable
helium supply for customers. Air Products has won substantial
amounts of helium from the United States Bureau of Land Management
(BLM) strategic reserve at recent BLM auctions. Additionally, in
August Air Products began selling helium captured via its
proprietary and innovative technology at the world's only helium
production plant that strips helium from a naturally occurring
stream of carbon dioxide located in Colorado.
Air Products has pioneered many of the helium extraction,
production, distribution and storage technologies used in the
industry today and it operates numerous facilities around the
world.
Helium is used in many unique and valued applications including:
magnetic resonance imaging (MRI); lifting for high altitude
scientific research balloons, blimps and party balloons; fiber
optics and semiconductor manufacturing; metallurgy; breathing
atmospheres for deep diving or unique blood gas medical mixtures;
analytical chemistry; pressurizing and purging pipes, vessels, and
other critical equipment; leak detection; and other advanced
applications.
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