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Air Products Wins Contract for Golden Pass LNG Export Project

Texas Project Will Be the 4th U.S. Export Facility Using Air Products’ Proprietary LNG Technology

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Air Products (NYSE: APD), the world’s leader in liquefied natural gas (LNG) technology and equipment, today announced an agreement to provide its proprietary LNG technology, equipment, and related process license to Golden Pass Products LLC, a joint venture between Qatar Petroleum and ExxonMobil for the Golden Pass LNG Export Project in Sabine Pass, Texas. 

Air Products will supply its proprietary AP-C3MRTM natural gas liquefaction technology and equipment, and three of its MCR® Main Cryogenic Heat Exchangers, to be installed at the heart of the proprietary propane pre-cooled mixed refrigerant liquefaction process for the three-train facility. Air Products’ LNG technology, which will be integral in producing around 16 million tons per year of liquefied natural gas, is to be operational when the Golden Pass facility starts-up in 2024.

“Air Products is very honored to be selected for the Golden Pass project involving ExxonMobil and Qatar Petroleum. Our company has a long and successful history of serving the needs of the LNG industry and we intend to remain the leader in LNG equipment and liquefaction technology,” said Dr. Samir Serhan, executive vice president at Air Products. 

The use of LNG continues to increase around the world with strong energy demands in growing economies. LNG industry experts have commented that additional projects like the Golden Pass project are on the horizon, Dr. Serhan added.

“We have brought together an exceptional team to implement this project, with Air Products supplying the liquefaction technology and equipment that will drive our facility,” Sean Ryan, president of Golden Pass LNG, said. “We are pleased to partner with the industry leader in LNG exchanger technology to bring clean energy from Texas to power the world.”

Air Products LNG heat exchangers and related equipment for the Golden Pass project will be manufactured at its Port Manatee, Florida facility.  Air Products opened its Port Manatee facility in January 2014.  In October 2018, Air Products dedicated a new LNG equipment test facility (ETF) and a held a groundbreaking for a facility manufacturing expansion project at the site. 

“We are committed to always providing the best-in-class equipment and technology to the LNG industry, to never missing a delivery, and to exceeding all customer expectations in terms of performance and efficiency. We want customers in the LNG market around the world to know that we are prepared and not limited in our manufacturing capability when new LNG plant opportunities are announced and developed,” said Dr. Serhan.

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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, 2018.