LEHIGH VALLEY, Pa.,
March 1, 2017 /PRNewswire/
-- Air Products (NYSE: APD), a world-leading industrial gases
company, today announced it has been awarded the long-term supply
of approximately 30 million standard cubic feet per day of hydrogen
by Marathon Petroleum Company LP for its Garyville, Louisiana refinery. This new
supply award, to begin in November
2017, is in addition to volumes of hydrogen Air Products
already provides Marathon Petroleum at its Garyville refinery.
"We are pleased to increase our hydrogen supply to Marathon
Petroleum at Garyville. Marathon Petroleum is a valued
long-term customer of Air Products and we serve several of their
refineries in the United States,"
said Marie Ffolkes, president –
Industrial Gases Americas at Air Products.
"Air Products is a reliable supplier of hydrogen required for
the production of cleaner burning transportation fuels by our
refinery customers, and our Gulf Coast Pipeline (GCP) is an
additional value-added source of reliable product supply. The
increased hydrogen supply for Marathon Petroleum, and continued
growth with other refiners on the pipeline network, is a testament
to the size and reliability of our Gulf Coast Pipeline system,"
Ffolkes said.
The additional hydrogen will be provided to Marathon Petroleum
from Air Products' existing Gulf Coast Pipeline, the world's
largest hydrogen plant and pipeline network system. Air Products
officially dedicated its GCP in 2012. The 600-mile pipeline span
stretches from the Houston Ship Channel in Texas to New
Orleans, Louisiana, and supplies customers with over 1.4
billion feet of hydrogen per day from over 22 hydrogen production
facilities.
Pipelines offer a safe, robust and reliable supply of hydrogen
to the refinery and petrochemical industries around the world.
Globally, Air Products' pipeline operational expertise is evidenced
by its network of systems. Besides the GCP, Air Products also has a
hydrogen pipeline in California in
the U.S., in Sarnia, Ontario,
Canada, and in Rotterdam,
the Netherlands.
Hydrogen is widely used in petroleum refining processes to
remove impurities found in crude oil such as sulphur, olefins and
aromatics to meet product fuels specifications. Removing these
components allows gasoline and diesel to burn cleaner and thus
makes hydrogen a critical component in the production of cleaner
fuels needed by modern, efficient internal combustion
engines.
Marathon Petroleum Company LP, a subsidiary of Marathon
Petroleum Corporation, is one of the largest petroleum refiners in
the U.S. and the largest in the Midwest. In addition to
Garyville, Air Products also
supplies hydrogen to Marathon at its refineries nationwide in
Los Angeles, California;
Detroit, Michigan; and
Catlettsburg, Kentucky. The Garyville refinery is the most recent
greenfield refinery built in the U.S. (1972) and the third largest
refinery in the U.S.
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