LEHIGH VALLEY, Pa.,
Oct. 13, 2016 /PRNewswire/ -- Air
Products (NYSE: APD) and the National Institute of
Clean-and-Low-Carbon Energy (NICE) today announced the signing of a
Memorandum of Understanding (MOU) that outlays a collaborative
effort to potentially work together on hydrogen fueling projects in
China. The MOU was signed today by representatives of both
companies during a ceremony at the opening of NICE America
Research, Inc. in California.
NICE, a research and development institute affiliated with the
Shenhua Group of Beijing,
Peoples Republic of China, has
been devoted to the research and development of hydrogen
technologies and is interested in developing the hydrogen refueling
business in China with major
global partners. Air Products has extensive hydrogen fueling
experience in the United States
and globally, is the largest hydrogen supplier in the world, and
also has a leading global position in the hydrogen fueling and
infrastructure market.
The companies agree in the MOU to jointly explore hydrogen
fueling projects, and to identify low cost hydrogen production and
distribution solutions for each project.
"We are looking forward to collaborating with NICE in
establishing a business structure to support the development of a
hydrogen fueling business in China. We believe both parties
to this MOU have strengths, that when combined in a focused
approach, can be successful in this developing market," said
Marie Ffolkes, President, Americas –
Industrial Gases at Air Products.
Commenting on the MOU, Dr. Chang
Wei, CEO of NICE, said, "We are pleased to work with Air
Products in furthering our hydrogen energy business, and we are
very impressed by Air Products' vast experience and tangible
results in this area. This MOU formalizes our intentions and sets
both parties in the direction of mutual benefits and success."
Additionally, beyond hydrogen fueling projects during the term
of the MOU, a longer-term relationship to explore other
opportunities will be considered. "We believe there are great
opportunities in China on large
projects in which our expertise in large scale oxygen production
could be an asset and we look forward to examining these
opportunities," said Wilbur Mok,
President, Asia – Industrial Gases
at Air Products.
Air Products, the leading global supplier of hydrogen to
refineries to assist in producing cleaner burning transportation
fuels, has vast experience in the hydrogen fueling industry. In
fact, several sites today for certain hydrogen fueling applications
are fueling at rates of over 75,000 refills per year. Use of the
company's fueling technology is increasing and is over 1,000,000
hydrogen fills per year. The company has been involved in over 200
hydrogen fueling projects in the United
States and 20 countries worldwide including China. Cars, trucks, vans, buses, scooters,
forklifts, locomotives, planes, cell towers, material handling
equipment, and even submarines have been fueled with trend-setting
Air Products' technologies.
Air Products has more than 50 years of hydrogen experience and
an extensive patent portfolio with over 50 patents in hydrogen
dispensing technology. Air Products provides liquid and gaseous
hydrogen and a variety of enabling devices and protocols for fuel
dispensing at varied pressures. Hydrogen for these stations can be
delivered to a site via truck or pipeline, produced by natural gas
reformation, biomass conversion, or by electrolysis, including
electrolysis that is solar and wind driven.
About Air Products
Air Products (NYSE:APD) is a world-leading Industrial Gases company
celebrating 75 years of operation. 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's Performance
Materials Division serves the polyurethanes, cleaning and coatings,
and adhesives industries.
The company had fiscal 2015 sales of $9.9
billion and has a current market capitalization
of approximately $30 billion.
Approximately 17,000 employees in 50 countries strive to make 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.
About NICE
Founded in 2009, the National Institute of Clean-and-Low-Carbon
Energy (NICE) is the corporate research arm for Shenhua Group, one
of the largest energy companies in the world. NICE is focused on
making Shenhua's businesses more competitive through innovation,
while simultaneously delivering transformational technologies in
support of Shenhua's drive to transform itself into a world-class
clean energy company.
NICE has grown to over 350 employees, with locations in
Beijing, China and California, United
States. NICE technologists are currently working in
strategic areas, including clean coal conversion and utilization,
coal-derived materials, coal-to-chemical catalysis, hydrogen energy
and applications, distributed energy systems, and advanced water
treatment processes. With a majority holding advanced degrees in a
range of scientific fields, the NICE team is positioned to deliver
world-class fundamental science, clean energy technologies, and
tangible business impacts. For more information, visit
www.nicenergy.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,
2015.
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SOURCE Air Products