June 29, 2006 Lehigh Valley, Pa.
A contract to supply Chevron Nigeria Ltd (CNL) with two 3,500 metric tonnes/day (MTD) air separation units (ASUs) for its planned Escravos gas-to-liquids facility (EGTL) in Nigeria has been won by Air Products.
The ASUs will supply 7,000 tonnes of oxygen/day to make synthesis gas in the GTL production process.
This deal will make Air Products the supplier of equipment for generating large volume gases to the world's two largest GTL projects. The company has already supplied two similar-sized ASUs to the Qatar Oryx GTL project at Ras Laffan Industrial City, which came online earlier in June.
The EGTL site is located approximately 60 miles (100 kilometers) southeast of Lagos and is expected to produce 34,000 barrels per day of GTL diesel, GTL naphtha and a small amount of liquefied petroleum gas. GTL contains virtually no sulphur, is very low in aromatics and offers improved power ratings.
For Escravos, delivery of the ASUs is expected mid-2008. Air Products will supply the units in a modularised form, which will enable faster construction to meet onstream targets.
Commenting on the deal, Air Products' vice president, Tonnage Gases, Europe & Middle East, Richard Boocock, said: "GTL is only one part of the energy upgrading activities around the world in which we are a key enabler. World energy investment will be significant in the coming decades and we are well positioned with knowledge and experience in GTL, LNG, refining and gasification.
"To win this competitive tender, we've shown that we have leading-edge cryogenic air separation technology, coupled with the understanding to deliver very specific engineering solutions for the supply of large volume gases, on a scale that no one else has managed."
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
Chevron Corporation is one of the world's leading energy companies. With more than 47,000 employees, ChevronTexaco subsidiaries conduct business in approximately 180 countries around the world, producing and transporting crude oil and natural gas, and refining, marketing and distributing fuels and other energy products. ChevronTexaco is based in San Ramon, Calif. More information on ChevronTexaco is available at www.chevrontexaco.com
NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.