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News ReleaseAir Products To Provide Liquefaction Process Technology And Equipment For New LNG Plant In Yemen

September 20, 2005 Lehigh Valley, Pa.

Air Products (NYSE:APD) today announced that it received an order for two main cryogenic heat exchangers from Yemen LNG Company Ltd. for two liquefied natural gas (LNG) process trains to be built in Bal-Haf, Republic of Yemen. The two heat exchangers will be part of Yemen's first-ever LNG plant.

"Air Products will provide its proprietary propane pre-cooled mixed refrigerant liquefaction process technology with the Split MRTM refrigeration equipment configuration, and an MCR® main cryogenic heat exchanger for each train of the facility," said Mark Modjeska, director, LNG for Air Products. The two LNG trains will have a total capacity of 6.7 million metric tons per year of LNG. The target for Train 1 start-up is end of 2008, with Train 2 coming on line approximately 5 months later.

The shareholders of Yemen LNG Company Ltd. are Total (42.90%), Yemen Gas Company (23.10%), Hunt Oil Company (18%), SK Corporation (10%) and Hyundai Corporation (6%).

A vast majority of the total worldwide baseload LNG production capacity is produced with Air Products' technology. Air Products has designed, manufactured, and exported nearly 75 LNG heat exchangers from its Wilkes-Barre, Pa. facility over the last 30 years.

In support of the LNG industry, Air Products provides process license and key equipment for the heart of the baseload liquefaction process and land-based nitrogen plants for the baseload LNG facility. Upstream, Air Products provides both nitrogen and natural gas dehydration membrane systems for offshore platforms. Downstream, Air Products provides dry inert gas generators for LNG carriers, shipboard membrane nitrogen systems, land-based membrane and cryogenic nitrogen systems, 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 and equipment, performance materials and chemical intermediates. Founded in 1940, Air Products has built leading positions in key growth markets such as natural gas liquefaction, refinery hydrogen, semiconductor materials, home healthcare services, 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.

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