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News ReleaseAir Products and Tesoro Sign Hydrogen Supply Agreements Reaching Beyond 2020

July 16, 2009 Lehigh Valley, Pa.

Air Products (NYSE: APD), the leading global hydrogen provider, today announced the renewal of three separate long-term supply agreements with Tesoro Corporation (NYSE: TSO) to provide Tesoro’s refineries in California with the continued supply of hydrogen for the production of cleaner burning transportation fuels. Tesoro, a major western United States refiner, will be supplied a total of over 100 MMSCFD (million standard cubic feet per day) of hydrogen for its Golden Eagle refinery in Martinez, east of San Francisco, and for its Southern California refinery in Wilmington, Calif.

“We have supplied hydrogen to Tesoro’s refineries since the early 1990s, and we are pleased to extend our outstanding relationship,” said Jeffrey Lockett, western area manager for Air Products. “These long-term agreements demonstrate our history of reliable hydrogen supply to Tesoro, our largest California hydrogen customer. Air Products also looks forward to broadening our collaboration with Tesoro to examine other hydrogen opportunities.”

Air Products supplies the Tesoro refineries from its California hydrogen network that includes source points from Air Products’ Wilmington, Carson and Martinez steam methane reformer hydrogen production facilities.

Air Products has a long history of operations in California beginning with its initial investment in the state in 1962 when the company began operating a liquid hydrogen plant. Air Products today has facilities throughout California ranging from hydrogen production and hydrogen pipelines for refineries, to gases for the electronics industry, products for the chemicals and energy industries, and the supply of varied industrial gases for a cross-section of the manufacturing sector.

In California, and around the world, Air Products has more than 50 years of hydrogen experience, is in the forefront of the development of hydrogen energy technologies, and has 17 hydrogen fueling stations in the state used for the development and commercial application of fuel cell vehicles. Air Products has completed over 85,000 hydrogen fills and has placed over 90 hydrogen fueling stations in the United States and 16 countries worldwide. One of the notable stations is Air Products’ hydrogen fueling station at the University of California, Davis, which was designated as “Hydrogen Highway Network Station #1” in California by Governor Arnold Schwarzenegger, as part of the Governor’s “Hydrogen Highway Network” initiative. Air Products has an extensive patent portfolio with over 50 patents in hydrogen dispensing technology. For more information on Air Products’ hydrogen fueling station technologies: > www.airproducts.com/h2energy">www.airproducts.com/h2energy

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 had fiscal 2008 revenues of $10.4 billion, operations in over 40 countries, and 21,000 employees around the globe. For more information: > www.airproducts.com.

About Tesoro
Tesoro Corporation, a Fortune 100 and a Global Fortune 500 company based in San Antonio, Texas, is an independent refiner and marketer of petroleum products. Tesoro, through its subsidiaries, operatesseven refineries primarily in the western United States, with a combined crude oil capacity of approximately 664,000 barrels per day. Tesoro's retail marketing system includes more than 870 branded retail stations, of which more than 380 are company operated under the Tesoro®, Shell®, Mirastar® and USA Gasoline ™ brands. Tesoro's commercial marketing system includes sales of jet fuel and marine fuels. For more information, visit:
> www.tsocorp.com


NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.

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  • Press Contact
    Art George
    610-481-1340
    Air Products and Chemicals, Inc.
    7201 Hamilton Boulevard
    Allentown, PA 18195-1501
    USA
  • Investor Contact
    Simon Moore
    (610) 481-7461
    Air Products and Chemicals, Inc.
    7201 Hamilton Boulevard
    Allentown, PA 18195-1501
    USA
    (610) 481-2729
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