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AIR PRODUCTS AND CHEMICALS, INC.

(APD)
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Air Products to Invest $4.5 Billion in Louisiana Blue Hydrogen Plant

10/14/2021 | 06:43am EST

By Colin Kellaher

Air Products & Chemicals Inc. on Thursday said it will build a $4.5 billion clean-energy complex in Louisiana, marking its biggest U.S. investment ever, as the world's transition to cleaner sources of energy continues to gain speed.

The Allentown, Pa., industrial gases company said the project would create 170 permanent jobs and would produce more than 750 million standard cubic feet of blue hydrogen a day.

"Blue" products are made using hydrocarbons as a feedstock, with the carbon dioxide in the production process captured for permanent sequestration.

Air Products said it will compress a portion of the blue hydrogen for supply to customers through its Gulf Coast hydrogen pipeline. The rest will be used to make blue ammonia that will be sent around the world and converted back to blue hydrogen for transportation and other markets.

Air Products said it expects the project will be operational in 2026.

Air Products in June unveiled plans to build a multi-billion-dollar hydrogen energy complex in Canada and last year said it was teaming with Saudi Arabia's ACWA Power to build a $5 billion green hydrogen-based ammonia-production facility powered by renewable energy in Neom, the $500 billion megacity being built in the kingdom.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

10-14-21 0843ET

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Analyst Recommendations on AIR PRODUCTS AND CHEMICALS, INC.
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Financials (USD)
Sales 2022 11 181 M - -
Net income 2022 2 325 M - -
Net Debt 2022 5 114 M - -
P/E ratio 2022 28,0x
Yield 2022 2,19%
Capitalization 64 864 M 64 864 M -
EV / Sales 2022 6,26x
EV / Sales 2023 5,88x
Nbr of Employees 20 750
Free-Float 88,5%
Chart AIR PRODUCTS AND CHEMICALS, INC.
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Air Products and Chemicals, Inc. Technical Analysis Chart | APD | US0091581068 | MarketScreener
Technical analysis trends AIR PRODUCTS AND CHEMICALS, INC.
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Mean consensus OUTPERFORM
Number of Analysts 27
Last Close Price 292,89 $
Average target price 324,26 $
Spread / Average Target 10,7%
EPS Revisions
Managers and Directors
Seifollah Ghasemi Chairman, President & Chief Executive Officer
Melissa N. Schaeffer Chief Financial Officer & Senior Vice President
Brian Galovich Chief Information Officer & Senior Vice President
Samir J. Serhan Chief Operating Officer
Chadwick C. Deaton Lead Independent Director
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