May 12, 2005 Lehigh Valley, Pa.
Air Products (NYSE:APD) today launched the OXYRICH™ EXPRESS system, an oxygen-generating technology designed for the world's fast-growing shrimp farming industry. The OXYRICH™ EXPRESS system is a portable small-scale technology that can be deployed within minutes in emergency situations to save shrimp ponds with declining dissolved oxygen (DO) levels.
The innovative technology is a self-contained, trailer-mounted unit consisting of Air Products' proprietary oxygen generator and deployable oxygen injectors. The system allows shrimp farmers to raise a pond's DO level very quickly, minimizing the risk of catastrophic failure while improving the farm's productivity. Declining DO level, the single most important concern for shrimp farmers, often results in high animal mortality or complete loss of the pond and can cost the farmer well over US$30,000 per pond. Other competing pond-saving techniques, such as emergency water exchange, early shrimp harvests and emergency paddlewheel aeration, can't perform as efficiently as the OXYRICH™ EXPRESS system.
The new system, just being introduced to the market, can be used to recover a pond with rapidly falling DO or to extend the life of a pond. It efficiently introduces 1 mg/L per hour of DO into a one hectare-sized pond (about 2.5 acres). On average, an intensive pond of this size can produce anywhere between 5,000 and 15,000 kg of shrimp.
"Shrimp farmers now have a reliable and cost-effective answer for urgent pond-saving challenges," said Ashok Mathur, Air Products product manager. "The OXYRICH™ EXPRESS system is an environmentally-friendly technology and a complete pond-saving solution for today's shrimp farmers."
Worldwide demand for shrimp is escalating, especially in developing nations were it is seen as a possible alternative source of protein. As a result, the shrimp farming industry is expected to double in size by 2030. Shrimp farms consist of multiple manmade ponds, where juvenile shrimp are grown and, eventually, harvested.
The farms are responsible for about 30 percent of the world's shrimp production—an amount that continues to grow every year as the number of shrimp caught in the wild remains flat. In total, nearly 1.4 million tons of farmed shrimp were distributed around the world in 2004, helping it replace tuna as the world's most consumed seafood product.
Air Products (NYSE:APD) serves customers in technology, energy, healthcare and industrial markets worldwide with a unique portfolio of products, services and solutions, providing 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.