February 09, 2009 Lehigh Valley, Pa.
Air Products (NYSE: APD) and Technip today announced a long-term extension reaching beyond the year 2020 for the global business alliance that has already designed, constructed and is operating 30 hydrogen and synthesis gas production plants worldwide. The alliance extension ensures the continued delivery of industrial gas plants providing a reliable and safe supply of hydrogen and synthesis gas to an ever-growing number of customers in the fields of refining, chemicals and petrochemicals, as well as continuous product development to improve efficiencies and cost effective solutions for the industry.
“This alliance has been a very successful one for both companies and the customers we so reliably serve,” said Jeff Byrne, Air Products' vice president and general manager, Tonnage Gases. “Working together we have provided our customers with superior plant technology, performance, and world-class safety using competitive plant design, faster bid responses and shorter project schedules. This alliance has been of great importance in assisting the refining industry meet its increased hydrogen needs to comply with clean transportation fuel regulations, without the extensive upfront engineering and capital costs involved with buying, owning and operating plants.”
Both companies bring a long history of hydrogen experience to the alliance. Technip provides licensing for its proprietary technologies, design and engineering services for steam methane reformers while Air Products provides the gas separation technology. Air Products, through its extensive operating network, and Technip, from its large reference base, also bring effective operational and engineering knowledge to “design-in” high reliability and efficiency. The plants are operated and maintained by Air Products under long-term agreements with customers.
More information on this global alliance, which has been in place since 1992, can be found at www.H2alliance.com.
About Air Products
Air Products (NYSE:APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. 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. Air Products has annual revenues of over $10 billion, operations in over 40 countries, and 21,000 employees around the globe. For more information, visit www.airproducts.com.
Technip is a world leader in the fields of project management, engineering and construction for the oil & gas industry, offering a comprehensive portfolio of innovative solutions and technologies.
With 23,000 employees around the world, integrated capabilities and proven expertise in underwater infrastructures (Subsea), offshore facilities (Offshore) and large processing units and plants on land (Onshore), Technip is a key contributor to the development of sustainable solutions for the energy challenges of the 21st century.
Present in 46 countries, Technip has operating centers and industrial assets (manufacturing plants, spoolbases, construction yard) on five continents, and operates its own fleet of specialized vessels for pipeline installation and subsea construction.
The Technip share is listed on Euronext Paris exchange and over the counter (OTC) in the USA.
NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.
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