Award Recognizes Company’s Continued Contributions to Sustainable Development of China’s Chemical Industry with Leading Integrated Gases Supply Solutions
16/06/2021 Yantai, China
Air Products (NYSE: APD), a world-leading industrial gases company, has been named an “Excellent Service Provider to China Chemical Parks for 13th Five-year Plan (FYP) Period” by the China Petroleum and Chemical Industry Federation (CPCIF). Presented at the 2021 China Chemical Industry and Chemical Park Forum in Yantai, the award recognizes the company’s continued commitment and proven record in supporting the sustainability initiatives of the domestic chemical industry from 2016 to 2020.
Air Products is the only industrial gases company among the 10 awarded enterprises. The company was also named a “Top Service Provider to China Chemical Parks” in 2016 and 2018.
Since 2016, CPCIF, a non-profit government think tank for the industry’s management, has annually recognized outstanding companies that have provided excellent services to chemical parks and outperformed other players in areas including safety and environmental protection. The distinguished “13th FYP Period Excellent Service Providers” award was bestowed upon companies with solid contributions to the high-quality and sustainable development of multiple chemical parks during the 13th FYP period. Awarded companies must also have received the “Top Service Provider to China Chemical Parks” honor at least two times and actively participated in establishing domestic chemical park standards.
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, 2020.
“We are very honored to receive this prestigious award which is a testament to our unwavering efforts contributing to the upgrade and transformation of China’s chemical industry during the past FYP period,” said Saw Choon Seong, China president, Air Products. “To support China’s 14th FYP and '30∙60' decarbonization goal, Air Products is committed to help domestic chemical parks to achieve greater sustainability ambitions with our integrated gases supply solutions, especially our leading expertise in gasification, carbon capture and utilization, and hydrogen energy.”
Air Products has established a solid position in the chemical industry in China providing integrated gases supply solutions through pipelines and various other supply modes. The company has built gas supply pipeline systems at leading chemical parks in Nanjing, Tianjin, Cangzhou, Chengdu and Shenyang supplying many oil refineries and petrochemical and pharmaceutical companies. In Nanjing Jiangbei New Materials High-tech Park, Air Products has been serving over 30 park customers and hundreds of liquid gases customers in the city with its integrated gases solutions.
Under the integrated supply mode, Air Products offers customized solutions from planning, financing, and building, to operating gas facilities to help park customers improve safety, efficiency, synergy and productivity. The company’s leading technologies and expertise in gasification, carbon capture and utilization, and hydrogen energy, along with its innovative applications technologies such as Halia® wastewater treatment technology, Cryo-condap® VOC recovery solution, and oxyfuel enrichment technology for sulfur recovery, enables domestic chemical parks to achieve their sustainability goals.
At the Yantai Forum, Air Products shared its insights and leading expertise in integrated gases supply solutions and highlighted how its innovative carbon capture and utilization and hydrogen energy technologies can help chemical parks enhance environmental performance in a more economical way to achieve green and high-quality development.
About Air Products
Air Products (NYSE:APD) is a world-leading industrial gases company in operation for 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; carbon capture projects; and world-scale carbon-free hydrogen projects supporting global transportation and the energy transition.
The Company had fiscal 2020 sales of $8.9 billion from operations in 50 countries and has a current market capitalization of about $65 billion. More than 19,000 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.