LEHIGH VALLEY, Pa.,
June 24, 2015 /PRNewswire/
-- Air Products (NYSE: APD), the global leader in liquefied
natural gas (LNG) technology and equipment, announced today an
agreement to provide its proprietary LNG technology, equipment, and
process license for Freeport LNG Development, L.P.'s Train 3 gas
liquefaction and export project. The sale includes Air Products'
main cryogenic coil-wound heat exchangers and associated
technology, which will be vital in the production of LNG at the
facility near Freeport, Texas.
Air Products will supply its LNG proprietary
AP-C3MR™ liquefaction technology, and its
MCR® Main Cryogenic Heat Exchanger will be installed at
the heart of the proprietary propane pre-cooled mixed refrigerant
liquefaction process. Air Products technology and equipment for
Train 3 is scheduled to be onstream in 2019.
"We are pleased to have been successful in being selected as the
LNG technology supplier for the third train at Freeport LNG, and
proud to be able to say we are the supplier for all three trains to
operate at the location," said Jim
Solomon, director - LNG at Air Products. "As the
United States LNG export market has continued to develop, our
technology and equipment has consistently been the choice at
several locations for LNG projects around the country. We
look forward to continued involvement with the industry's coming
projects."
"Similar to our Trains 1 and 2 before, we went for the tried and
tested workhorse of the gas liquefaction industry — the APCI
process — for our Train number 3. This technology is economic,
efficient and reliable, and we look forward to our project's
start-up and operations as we fully expect these crucial phases to
be free of major problems," said Mark
Mallett, Freeport LNG's senior vice president, Operations
& Projects.
Air Products' involvement in the U.S. LNG export market, besides
the three trains for Freeport LNG, includes providing the LNG
technology and equipment for Dominion's liquefaction project at
Cove Point in Lusby, Maryland, and three production trains
for the Cameron LNG Liquefaction Project, in Hackberry, Louisiana.
A majority of the total worldwide LNG is produced with Air
Products' technology. Air Products has now designed, manufactured,
and exported more than 100 coil wound heat exchangers for LNG
projects around the globe over the last four decades. In 2014 Air
Products dedicated a second U.S. LNG manufacturing facility in Port
Manatee, Florida. The new facility, when combined with the
existing Wilkes-Barre,
Pennsylvania facility, doubles the company's manufacturing
capacity for its world-leading technology to both meet increasing
customer demand and specifically for the manufacture of larger LNG
heat exchangers.
Air Products' LNG technology is vital in helping meet the
world's increasing energy needs and desire for clean energy and 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 and unlocks its value by liquefying it and making it
possible to economically ship it around the world. The LNG is
eventually re-gasified for energy use.
In support of the LNG industry, Air Products provides process
technology and key equipment for 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) is a
leading industrial gases company. For nearly 75 years, the company
has provided atmospheric, process and specialty gases, and related
equipment to manufacturing markets including metals, food and
beverage, refining and petrochemical, and natural gas liquefaction.
Air Products' materials technologies segment serves the
semiconductor, polyurethanes, cleaning and coatings, and adhesives
industries. Over 20,000 employees in 50 countries are working to
make Air Products the world's safest and best performing industrial
gases company, providing sustainable offerings and excellent
service to all customers. In fiscal 2014, Air Products had sales of
$10.4 billion and was ranked number
276 on the Fortune 500 annual list of public companies. 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,
2014.
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SOURCE Air Products