January 18, 2006 Lehigh Valley, Pa.
Air Products and its Spanish subsidiary Carburos Metalicos today announced that they have agreed to provide a grant to NTDA Energia, a leading company in hydrogen and fuel cell technology applications in Spain. This investment further demonstrates Air Products' commitment to the development of the European hydrogen economy.
Agustin Escardino, President and CEO of NTDA Energia said: 'This investment is a further step forward in the close relationship between NTDA and Air Products. We are very pleased about Air Products' commitment, as we expand our activities in Spain and in Europe on systems integration, fuel cell development and strategic projects. NTDA and Air Products are fully committed to jointly contribute to the development of hydrogen and fuel cell technologies within the framework of the EU Deployment Strategy and the future EU Joint Technology Initiative.'
Ian Williamson, European Manager for Future Energy Solutions at Air Products, said: 'It is key that companies like Air Products invests in the development of the hydrogen economy and supports R&D efforts across Europe. We look forward to further investments in future project collaboration. We are proud to associate ourselves to NTDA Energia because of their ability to influence the development of the hydrogen economy, especially in Spain.'
Air Products produces over 1.25 million tonnes of hydrogen per year and has six liquid hydrogen facilities and seven hydrogen pipeline systems around the world. It has been involved in the production and supply of hydrogen for over 50 years and has supplied all the liquid hydrogen for NASA's space missions. Air Products also supplies to a variety of other industries, including metals processing, refining, chemical production, fat and oils production and electronics processing, as well as supplying hydrogen purification equipment.
The company is strongly committed towards the future development of hydrogen in energy applications such as vehicle fuel and its use in a fuel cell to generate power. New technologies are being developed such as hydrogen fuelling stations. More than 30 fuelling stations have been built in the past 10 years. Other projects included a contract to supply the German Navy fuel cell submarines with hydrogen and the supply of India's first hydrogen dispensing station.
For more information on Air Products' hydrogen fuel cell capabilities: www.airproducts.com/h2energy
Further Air Products Hydrogen Energy UK stories: www.airproducts.co.uk/h2energy
Global Air Products Hydrogen Energy site: www.airproducts.com/h2energy
NTDA Energia: www.ntdaenergia.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 $8.1 billion, operations in over 30 countries, and over 20,000 employees around the globe. For more information, visit www.airproducts.com.
About NTDA Energia
NTDA Energía is a leading Spanish company in the fields of hydrogen and fuel cells systems engineering, R&D of Solid Oxide Fuel Cells and strategic planning of integrated hydrogen and fuel cell infrastructures. Founded in 2002, NTDA Energía is fully involved in the work of the EU Technology Platform on Hydrogen and Fuel Cells, and participates in R&D and demonstration projects at regional, national and EU levels (NTDA coordinates one STREP project and participates in two Integrated Projects - Roads2HyCOM and SOFC 600 - and one PROCURA project).
NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.
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