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Earnings Release

Air Products Reports Fiscal 2023 First Quarter Earnings Results

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First Mega-scale Green Hydrogen Production Facility in Texas  

Air Products and The AES Corporation plan to invest approximately $4 billion to build, own and operate a green hydrogen production facility in Wilbarger County, Texas. The mega-scale renewable power to hydrogen project includes approximately 1.4 gigawatts (GW) of wind and solar power generation, along with electrolyzer capacity capable of producing over 200 metric tons per day of green hydrogen, making it the largest green hydrogen facility in the United States.  

The facility, which is targeted to begin commercial operations in 2027, will serve growing demand for zero-carbon intensity fuels for the mobility market as well as other industrial markets.

World's Largest Carbon-free Hydrogen Project

An equal production joint venture of ACWA Power, Air Products and NEOM incorporated in August 2021, the NEOM Green Hydrogen Company (NGHC) is establishing the world’s largest green-hydrogen-based ammonia production facility run on renewable energy. This mega-plant will produce up to 600 tons per day of carbon-free hydrogen in the form of green-ammonia as a cost-effective solution for transportation globally.

Air Products is the primary EPC contractor and will be the exclusive off-taker of the green ammonia and intends to transport it around the world to be dissociated to produce green hydrogen for the transportation market.

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