June 04, 2006 United Kingdom
Qatar and its abundant energy opportunities were recognised by multinational gases company Air Products at an event marking the opening of its new office in Doha.
The representative office will spearhead the company's pursuit of growth opportunities in Energy sectors in Qatar and The Middle East region generally. Air Products already has a thriving energy portfolio generating 25% of the company's annual revenue, supplying gases and equipment for GTL (gas to liquids), LNG (liquefied natural gas), gasification and refining projects.
The office opening follows the recent announcement that it had brought its air separation units (ASUs) at the Qatar Oryx GTL project online and on schedule. When fully loaded, they will produce up to 7,000 tonnes per day of oxygen for Oryx to blend with natural gas as part of the GTL production process.
Speaking at the opening, Air Products' executive vice president, Gases & Equipment, Mark Bye, said, "Qatar is a country of great importance to us as energy is one of our growth platforms. We've built a leadership position supplying gases, equipment and operations expertise into sectors such as GTL, LNG and refining. We are establishing a presence here as we want people to consider us the number one choice as an industrial gases partner in Qatar."
The company was delighted to welcome dignitaries and senior business people to an event at the British Embassy to mark the opening. The new office is one of only a few to be approved without a local sponsor.
Already established at Qatar Oryx, the company is currently involved in the bidding process to supply air separation equipment to Shell's Pearl GTL project.
In LNG, Air Products has sold liquefaction process equipment and technology to the RASGAS and Qatargas LNG facilities and is recognised as the world leader in the supply of this type of equipment.
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.
Editor's Note: Photos are available in Air Products online Press Room at http://www.airproducts.com/PhotoLibrary/restricted/photo-industrialgases.asp, Photo IDs "Loading" and "ASU-at-Oryx."