November 14, 2012 Lehigh Valley, Pa.
Air Products (NYSE: APD) today announced it has completed the land purchase with HRK Holdings, LLC for approximately 32 acres adjacent to Port Manatee, Manatee County for its new manufacturing facility, announced in July 2012, where it will primarily build heat exchangers for use in the liquefaction of natural gas (LNG).
“We are pleased to have closed on the property purchase so we can get started with construction of our new manufacturing facility. This plant will provide additional capacity which is needed to stay ahead of the increasing market demand, and allow the manufacture of larger LNG heat exchangers for customers around the world. Readily available port access removes the major shipping constraints we had previously faced with this larger equipment,” said Jim Solomon, director - LNG at Air Products.
The location for the Air Products Port Manatee manufacturing facility provides ready access to port services, and will facilitate global shipping of what is typically already very large equipment. It will also allow Air Products to now manufacture the even larger LNG heat exchangers that are being demanded by the market. Construction on the roughly 300,000 square foot facility, which will employ approximately 250 employees in a four year ramp-up period, will begin soon and production operations are expected to start by 2014.
“This site has exactly what we need and we are excited to get started. We appreciate greatly the efforts of the Manatee County Economic Development Corporation and local and state government officials in finding this location and for their support,” said Sandy McLauchlin, general manager of Air Products’ LNG engineering and manufacturing. McLauchlin added a number of programs were offered by these parties to assist Air Products with its site decision, and that Air Products worked with the Florida Department of Environmental Protection to understand and reach satisfactory assurances pertaining to the pre-existing environmental issues at the location.
Air Products, the world’s leader in LNG technology and equipment, has manufactured LNG heat exchangers as large as 15.5 feet (4.7 meters) in diameter, 180 feet (55 meters) long, and weighing as much as 500 tons (455 metric tonnes) at its existing Wilkes-Barre, Pennsylvania facility for over 45 years. In July 2012, the 100th coil wound heat exchanger made at the location was shipped from the facility.
Air Products’ proprietary technology, vital to helping meet the world’s increasing energy needs and desire for clean energy, is operating in 15 countries around the globe processing and cryogenically liquefying valuable natural gas for consumer and industrial use. Air Products’ LNG process technology and equipment is the heart of an LNG production plant. The technology, in place at some of the most remote locations around the world, takes natural gas that is essentially a stranded valuable resource, and unlocks it by liquefying it and making it possible to economically ship it around the world. The LNG is eventually re-gasified for energy use.
A majority of total worldwide LNG is produced with Air Products’ technology. Air Products has now designed, manufactured and exported 100 coil wound heat exchangers for LNG projects around the globe over the last four decades. In support of the LNG industry, Air Products provides process technology and key equipment for the heart of the natural gas liquefaction process for large export plants, small and mid-sized LNG plants, floating LNG plants and LNG peak shavers. Upstream, Air Products provides both nitrogen and natural gas dehydration membrane systems for offshore platforms. Downstream, Air Products provides dry inert gas generators for LNG carriers, shipboard membrane nitrogen systems, and land-based membrane and cryogenic nitrogen systems for LNG import terminals and base-load LNG plants.
About Air Products
Air Products (NYSE:APD) provides atmospheric, process and specialty gases; performance materials; equipment; and technology. For over 70 years, the company has enabled customers to become more productive, energy efficient and sustainable. More than 20,000 employees in over 50 countries supply innovative solutions to the energy, environment and emerging markets. These include semiconductor materials, refinery hydrogen, coal gasification, natural gas liquefaction, and advanced coatings and adhesives. In fiscal 2012, Air Products had sales approaching $10 billion. For more information, visit www.airproducts.com.
NOTE: This release may contain forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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 and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors not anticipated by management, including risk factors described in the Company’s Form 10K for its fiscal year ended September 30, 2011.