November 22, 2004 Lehigh Valley, Pa.
Air Products (NYSE:APD) announced today that it will expand its Baytown, Texas facility to produce 70 million standard cubic feet per day of hydrogen. A portion of the hydrogen produced will be supplied to the adjacent ExxonMobil Baytown Refinery under a long-term agreement, with the remainder transported through the Air Products West Gulf Coast hydrogen pipeline system to other customers.
ExxonMobil will use the hydrogen supplied by Air Products to make cleaner transportation fuels and other petroleum products from heavier, sour crude feedstocks. The hydrogen production facility is expected to be on-stream in late 2005. The Air Products plant will receive feed gas from ExxonMobil's Syngas facility and, in addition to producing hydrogen, will continue to recover other gases for use by the petrochemical industry.
"We are very pleased to announce this major project which will enable us to convert an existing asset at Baytown into hydrogen production and to provide hydrogen to ExxonMobil's refinery," said Scott Sherman, Air Products' vice president and general manager for Energy and Process Industries worldwide. "The project will allow us to continue to grow our West Gulf Coast hydrogen pipeline system consistent with the needs of our key refining customers, while also improving the system for the supply of carbon monoxide and syngas to our petrochemical customers."
The hydrogen facility will also be connected to Air Products' West Gulf Coast pipeline system, extending from Texas and the Houston Ship Channel to Lake Charles, La., to provide additional customers with reliable hydrogen delivery. The intended hydrogen supply arrangement is one of over 30 that Air Products has undertaken with refiners worldwide.
Air Products also operates a world-scale air separation plant at the Baytown site to supply oxygen to ExxonMobil, and other gaseous and liquid products to serve local markets.
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. For more information, visit www.airproducts.com.
***NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.