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News ReleaseAir Products Sets Greenhouse Gas Emission Reduction Goal

Only Industrial Gas Company to Do So Under U.S. EPA Climate Leaders Program

November 11, 2010 Lehigh Valley, Pa.

Air Products (NYSE:APD) has committed to reduce its global greenhouse gas (GHG) emissions and is the only industrial gas company to have its reduction goal accepted under the U.S. Environmental Protection Agency’s (EPA’s) Climate Leaders® program.

Air Products’ production-intensity based emission reduction goal―to reduce global GHG emissions by seven percent per production index by 2015―is aligned with the company’s 2015 intensity-based energy efficiency goals for large airseparation units (ASUs) and hydrogen, carbon monoxide and synthesis gas (HyCO) facilities, which represent approximately 80 percent of the company’s total global energy requirements. Using calendar year 2007 as the baseline year, these energy goals are meant to achieve a seven percent reduction in energy consumption at the company’s large ASUs per quantity of gas produced and a seven percent reduction in fuel and feedstock consumption per quantity of hydrogen produced at HyCO plants by 2015.

Commenting on Air Products’ GHG reduction goal validation by EPA, Pat Loughlin, vice president of Environment, Health, Safety and Quality and Chair of Air Products’ Sustainability Council, said, “We are very pleased to have worked with EPA under Climate Leaders for the past five years to ensure the integrity of our inventory and accounting and set this goal. Our products and technology solutions enable our customers to significantly reduce their emissions and lower their energy use, so formalizing our GHG emission reduction goal is a natural next step in our drive to continuously improve our own environmental performance.”

“EPA’s Climate Leaders are some of the largest and most competitive companies in manufacturing, finance, information technology and other major sectors of the economy,” said Beth Craig, director of EPA’s Climate Protection Partnership Division. “We applaud Air Products for setting a goal to reduce their greenhouse gas emissions. They’re proving that they can be both industry leaders and leaders in the fight against climate change.”

As the Climate Leaders program sunsets, Air Products intends to uphold its GHG emissions reduction goal, investing in efficiency improvements at existing plants and new, high-efficiency production facilities. The company expects to achieve a minimum energy reduction of 875 million kilowatt hours/year and 12 million MM BTU of natural gas at 2007 operating rates.

Air Products also recently joined the SmartWaySM Transport Partnership, a collaboration between the U.S. EPA and major freight shippers, trucking companies, railroads, logistics companies and trade associations to drive improvements and cost savings. “We continue working with EPA to define annual reduction milestones on the way to a 2015 goal and have set a preliminary intensity-based emission reduction target of two percent for 2010 from our 2009 baseline,” Loughlin said.

More information about Air Products’ sustainability priorities, environmental targets, impacts and opportunities is available in the company’s 2010 Global Reporting Initiative (GRI) G3 Sustainability Report www.airproducts.com/responsibility.  

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. In fiscal 2010, Air Products had revenues of $9 billion, operations in over 40 countries, and 18,300 employees around the globe. For more information, visit www.airproducts.com.  

About Climate Leaders

Climate Leaders is an EPA industry-government partnership that has worked with companies to develop comprehensive climate change strategies since 2002. While the program is phasing down in 2011, EPA intends to continue to engage with industry on voluntary efforts to measure, report and reduce GHG emissions. For more information, visit www.epa.gov/climateleaders.  

NOTE: This release contains “forward-looking statements” within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including about projections, targets and plans. These forward-looking statements are based on management’s reasonable expectations and assumptions as of the date of this release regarding important risk factors. Actual performance may differ materially from projections and targets expressed in the forward-looking statements because of many factors not anticipated by management, including, without limitation, successful development of new technologies.

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  • Press Contact
    Katie McDonald
    610-481-3673
    Air Products and Chemicals, Inc.
    7201 Hamilton Boulevard
    Allentown, PA 18195-1501
    USA
    (610) 481-6642
  • 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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