LEHIGH VALLEY, Pa.,
March 26, 2020 /PRNewswire/
-- Air Products (NYSE:APD) and N.V. Nederlandse Gasunie held a
groundbreaking ceremony for the construction of three new nitrogen
plants near Zuidbroek, Groningen.
The groundbreaking on March 9
occurred after receiving project approval from The Netherland's
Economic Affairs and Climate Minister Eric
Wiebes. Construction of the nitrogen plants, to be in
operation by mid-2022, is an essential building block of the
cabinet's plan to end gas extraction at its Groningen Field.
Replacing the Groningen gas with higher heat content imported
natural gas will require conditioning. Air Products will build
three plants for Gasunie to produce the nitrogen needed to meet the
specification required in commercial and consumer applications
throughout the country.
"Building on the legacy of our relationship with Gasunie, we are
proud to have been selected as the technology partner on a project
of such strategic importance," said Air Products' Executive Vice
President, Dr. Samir Serhan. "Air
Products world class expertise enables us to provide Gasunie with a
plant designed to meet their stringent requirements for safety,
reliability, and efficiency."
Han Fennema, Gasunie Chief
Executive Officer, said "We are fully committed to helping
accelerate the end of gas extraction in Groningen. This
installation is thereby a necessary measure to ensure that, from
2022, gas from the Groningen field is no longer needed for security
of supply."
The installation of the nitrogen plants at Zuidbroek will cover
approximately 12 hectares and has a capacity of 180,000 m3 of
nitrogen per hour. This capacity is more than 10 times larger than
the existing nitrogen plant at Zuidbroek.
Air Products has vast experience in the natural gas supply chain
around the globe with its world-leading liquefied natural gas
(LNG) technology. 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 liquifying it and making
it possible to economically ship it. The LNG is eventually
re-gasified for energy use. A majority of the total worldwide LNG
is produced with Air Products' technology.
About Air Products
Air Products (NYSE:APD) is a
world-leading industrial gases company in operation for nearly
80 years. Focused on serving energy, environment and emerging
markets, the Company provides essential industrial gases, related
equipment and applications expertise to customers in dozens of
industries, including refining, chemical, metals, electronics,
manufacturing, and food and beverage. Air Products is also the
global leader in the supply of liquefied natural gas process
technology and equipment. The Company develops, engineers, builds,
owns and operates some of the world's largest industrial gas
projects, including gasification projects that sustainably convert
abundant natural resources into syngas for the production of
high-value power, fuels and chemicals.
The Company had fiscal 2019 sales of $8.9
billion from operations in 50 countries and has a current
market capitalization of about $50
billion. More than 17,000 passionate, talented and committed
employees from diverse backgrounds are driven by Air Products'
higher purpose to create innovative solutions that benefit the
environment, enhance sustainability and address the challenges
facing customers, communities, and the world. For more information,
visit airproducts.com or follow us on LinkedIn, Twitter,
Facebook or Instagram.
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,
2019.
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SOURCE Air Products