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News ReleaseAir Products Signs First Ever UK Commercial Lease for a Hyundai Hydrogen Powered Car to Join Its Business Fleet

Air Products Will Lease a Hyundai ix35 Hydrogen Fuel Cell Car as Part of the London Hydrogen Network Expansion (LHNE) Consortium Project

January 20, 2014 London, UK

Today, Air Products (NYSE:APD), is delighted to announce that it has signed a leasing contract for a new Hyundai ix35 Fuel Cell vehicle to be delivered in April this year. This is the first commercial lease granted by Hyundai Motor UK Ltd in the UK.

The car leased by Air Products will be one of five vehicles leased from Hyundai as part of the LHNE project, part funded by the Technology Strategy Board in the UK, which was announced in January last year. Hyundai was selected to supply the cars based on the great progress it has made into making hydrogen fuel cell vehicles commercially available. Indeed it was the first global automaker to announce a commercial roll out of zero-emissions fuel cell electric vehicles (FCEVs), with plans to manufacture 1000 units of the ix35 Fuel Cell vehicle by 2015.

The LHNE partners who will be signing lease agreements for the remaining four vehicles will be announced in due course. These vehicles will be utilised by members of the LHNE consortium, to demonstrate first-hand how hydrogen fuel cell vehicles easily operate in the real world. This will support the project’s work to create the UK’s first hydrogen powered transport system across London and the South East.

As part of the LHNE project, the consortium, led by Air Products, will deliver a publicly accessible, state-of-the-art J2601 compliant 700-bar renewable hydrogen fuelling station network, which the Hyundai cars will use to re-fuel.

To establish a viable and standardized network of 700-bar refueling stations, the LHNE project will upgrade the existing fuelling station located near Heathrow Airport and deliver a new fuelling station of the same specification in a central London location. In addition, the project will increase accessibility to Air Products’ hydrogen installation at Transport for London bus depot in Stratford.

Diana Raine, European Business Manager Hydrogen Energy at Air Products says: “We are very excited to be supporting the deployment of hydrogen vehicles in the UK by bringing the Hyundai ix35 FCEV into our business fleet. This is an important step for the LHNE project which is bringing together all the components necessary to make hydrogen transport possible across London and the South East. We hope that this model will be replicated across the UK and Europe in years to come.”

Tony Whitehorn, President and CEO, Hyundai Motor UK, says: “Hyundai is leading the way in hydrogen fuel cell technology and development and we are delighted to supply the first UK examples of the world’s only series-produced hydrogen fuel cell to the LHNE consortium. These cars, along with the help of the LHNE partners, will help to create the blueprint for an expanded hydrogen network for London and the rest of the UK.”

The LHNE consortium, led by Air Products, will deliver a publicly accessible, state-of-the-art fast-fill 700 bar renewable hydrogen fuelling station network, over a period of three years. The LHNE project will upgrade the fuelling station at Heathrow airport to 700 bar, and a brand new fuelling station with this specification will be built in central London. The creation of this network is particularly important because the hydrogen fuel cell vehicles due to go on sale in 2014/2015 will require a 700 bar fuelling system.

The Technology Strategy Board is the UK’s innovation agency. Its goal is to accelerate economic growth by stimulating and supporting business-led innovation. Sponsored by the Department for Business, Innovation and Skills (BIS), the Technology Strategy Board brings together business, research and the public sector, supporting and accelerating the development of innovative products and services to meet market needs, tackle major societal challenges and help build the future economy. For more information please visit

For more information about the LHNE consortium members please visit:
Air Products -
Cenex -  
Commercial -  
Element Energy -  
GLA -  
HAL (Heathrow) -  
Revolve -  
Hyundai -  

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, 2012.

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