Further Driving Technology Innovation, Industry Advancement and Talent Cultivation in Western China
October 16, 2014 Xi'an, China
Air Products (NYSE:APD), a leading global industrial gases and materials technologies supplier and the School of Energy and Power Engineering of Xi’an Jiaotong University (XJTU) today signed a Memorandum of Understanding (MoU) during their co-organized First Large Air Separation Technology and Industrial Gases Application Conference held in Xi’an, Shaanxi Province. The objective of the MoU is to accelerate technological breakthroughs and talent development in cryogenic industries to support western China’s economic growth. The signing of the MoU reinforces Air Products’ commitment to the country and dedication to revolutionizing the industry through innovation.
The MoU provides a framework of strategic collaboration between Air Products and XJTU on research and development in cryogenics, industrial gas and clean energy technologies; research funding applications; promoting knowledge exchange between the university and external market; and talent development through scholarships, student club and internships.
“We are pleased to reach a new height with XJTU today as we go one step further on our growth journey to support western China development,” said Dr. Miao Ping, director of Asia Technology Center at Air Products. “Air Products is committed to bringing technology advancement to China, and partnering with leading local universities and institutes has been a key component of our strategy. The expanded collaboration positions us to support the western region’s social and economic growth through innovation and talent development.”
Representatives from the Shaanxi Provincial Association of Enterprises with Foreign Investment, manufacturers, XJTU faculty and student, and Air Products leaders witnessed the signing of the MoU by the industrial gases company’s director of Asia Technology Center, Dr. Miao Ping, and the university’s dean of Energy and Power Engineering School, Professor Feng Zhenping during the Conference.
Co-organized by Air Products and XJTU, the Conference was solid proof of their commitment to collaborative efforts where technology leaders exchanged ideas, information and insights in gas applications. As an organizer, Air Products introduced its innovative and sustainable technologies on how to improve energy efficiency, reduce cost and realize sustainable development while driving productivity for air separation and cryogenic industries, as well as for downstream industries including chemicals, petrochemicals, pharmacy, metal fabrication and electronics assembly.
Air Products has been collaborating with XJTU since 2012 when it set up a scholarship program in the university to nurture top talents in cryogenics and welding engineering. Early this year, the two parties formed a joint team and kicked off a collaborative research project on modeling for plate-fin heat exchanger design in cryogenics. The phased report shows the project is running smoothly to yield results that will ultimately improve energy efficiency of a wide variety of applications in air separation and industries such as petrochemical, aerospace, refrigeration and air-conditioning.
“We are excited to strengthen our strategic partnership with such a recognized technology leader that has over 4,000 patents worldwide; was the first company of its kind to establish a R&D capability in China; and is operating several successful projects in Shaanxi to support western China development,” Professor Feng Zhenping of XJTU remarked. “Our previous collaborations have proven to be fruitful. The MoU will allow us to leverage our respective core strengths for the benefits of both the academic and commercial sectors, and ultimately the betterment of the western China community.”
“As western China continues to push hard to upgrade its industrial sector, Air Products is playing a role with our technologies and applications to support the growth of the electronics materials, clean fuel and other energy and environment segments in Shaanxi and other provinces in the region,” Dr. Miao of Air Products added.
The company first entered Shaanxi Province in 2006 to serve the electronics industry. Since then, it has continued to invest in the province to serve the energy markets by constructing and operating eight large air separation units (LASUs) to meet the needs of local customers under long-term contracts. Its LASU expertise won it in 2011 what was at that time the world’s largest single on-site ASU order ever awarded to an industrial gases company. A supplier to Samsung Electronics’ largest ever overseas investment and one of China’s most advanced fabs in Xi’an, Air Products has built facilities and capabilities to support this customer and also the merchant market in the region. In fiscal year 2013, the company had nearly 60 operating entities, over 70 production facilities and 3,000 employees with yearly sales revenue exceeding USD 1 billion in China.
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. Recognized as one of the world’s most innovative companies by both Thomson Reuters and Forbes magazine, more than 21,000 employees in over 50 countries supply effective solutions to the energy, environment and emerging markets. These include semiconductor materials, refinery hydrogen, natural gas liquefaction, and advanced coatings and adhesives. In fiscal 2013, Air Products had sales of $10.2 billion. For more information, visit www.airproducts.com.
About XJTU Energy and Power Engineering School and Cryogenic Engineering Institute
XJTU is one of China’s national key universities under the direct jurisdiction of the Ministry of Education. As one of XJTU’s first established schools, the school of Energy and Power Engineering has become a China’s most influential talent and research base in power engineering sciences and technologies, with the most complete courses and strong faculty force. Established in 1956, its Cryogenic Engineering Institute is one of the top research institutes focusing on the thermodynamic processes and intelligent control for refrigeration and cryogenic systems, energy-saving and environment-protection in refrigeration, as well as refrigeration machinery processing and stability. The institute has significant impact on talent development, science and technology development in refrigeration and cryogenic industries.
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, 2013.