January 24, 2005 Lehigh Valley, Pa.
Air Products (NYSE:APD) today announced that its new AP-XTM liquefaction process technology was recently selected for the second train of the Qatargas II Facility Expansion Project, located in Ras Laffan Industrial City, Qatar, by Qatar Liquefied Gas Company Limited (II), a joint venture of Qatar Petroleum and ExxonMobil Qatargas (II) Limited. It is a duplicate design to the first AP-X train announced last March. Each liquefied natural gas (LNG) train is rated for 7.8 million tons of LNG production per year, which is 50 percent larger per train than any LNG train currently under construction or in operation. The second process train is scheduled to be on-stream in 2008.
"This novel AP-X LNG process is an elegant combination of several, proven Air Products' process and equipment technologies. It sets a new standard of bankable, low cost-low risk projects for the LNG industry, while at the same time providing an efficient and flexible operation over a wide range of production capacities as new markets are developed," said Mark Modjeska, general manager, Worldwide Equipment at Air Products.
This is the second license announced by Air Products for the new AP-X LNG process and proprietary equipment for the Qatargas II Facility Expansion Project. Air Products provides patented natural gas liquefaction process technology, main cryogenic heat exchange equipment and other key process equipment components in the AP-X process.
A vast majority of the total worldwide baseload LNG production capacity is produced with Air Products' technology. Air Products has designed, manufactured and exported more than 70 LNG heat exchangers over the last 35 years. In support of the LNG industry, Air Products provides process license and equipment for the baseload liquefaction process, dry inert gas generators for LNG carriers, shipboard membrane nitrogen systems, membrane nitrogen and natural gas dehydration membrane systems for offshore platforms, land-based nitrogen plants for the baseload LNG facility and for LNG import terminals, and LNG peak shavers.
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.