November 15, 2004 Lehigh Valley, Pa.
Air Products (NYSE:APD) announced today that its subsidiary, Air Products Canada Ltd., has signed a letter of intent to provide hydrogen to Imperial Oil's Strathcona refinery near Edmonton, Alberta, Canada for the production of low-sulphur diesel. Air Products will supply the hydrogen via pipeline from its new 71 million standard-cubic-feet-per-day (MMSCFD) production plant under construction nearby, which was publicly announced in March 2004.
The hydrogen production facility, a natural gas-based steam methane reformer, will help Imperial's 187,000 barrel-per-day refinery to produce cleaner transportation fuels and other petroleum products. The two-mile pipeline is expected to be in place during the summer of 2005 in advance of the plant coming on-stream. The supply arrangement is one of over 30 that Air Products has undertaken with refiners worldwide.
"We are pleased to be working with Imperial to meet its increasing hydrogen needs and enhance our growing position in Canada as a reliable provider of hydrogen to multiple customers," said Scott Sherman, Air Products' vice president and general manager for Energy and Process Industries worldwide. In July 2004, Air Products also announced plans for construction of a new hydrogen plant producing in excess of 80 MMSCFD to be located in Sarnia, Ontario, Canada to be in operation in May 2006.
About Imperial Oil
Imperial is one of the largest producers of crude oil in Canada and a major producer of natural gas. The company is the largest refiner and marketer of petroleum products—sold primarily under the Esso brand name—and a major producer of petrochemicals. The company's stock trading symbol is IMO. Imperial's shares are listed on the Toronto Stock Exchange and admitted to unlisted trading on the American Stock Exchange. More information can be found at www.imperialoil.com.
About Air Products
Air Products (NYSE:APD) serves customers in technology, energy, healthcare and industrial markets worldwide with a unique portfolio of products, services and solutions, providing atmospheric gases, process and specialty gases, performance materials and chemical intermediates. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment and is listed in the Dow Jones Sustainability and FTSE4Good Indices. The company has annual revenues of $7.4 billion, operations in over 30 countries, and nearly 20,000 employees around the globe. Formore information, visit www.airproducts.com.
***NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.