LEHIGH VALLEY, Pa.,
Oct. 18, 2018 /PRNewswire/
-- Air Products (NYSE: APD), the world's leader in liquefied
natural gas (LNG) technology and equipment, today held a dual
celebration event at its Port Manatee,
Florida LNG Manufacturing Facility. Air Products' employees,
dignitaries and invited guests at the event witnessed the
ribbon-cutting for a new LNG equipment test facility (ETF) and a
groundbreaking for a facility manufacturing expansion project at
the site.
"Air Products has a long and successful history of serving the
needs of the LNG industry. We intend to remain the leaders in this
industry and the events of today are designed with that intention.
We already have the best performing liquefaction technology, have
passed every customer performance test, and our products exceed
customer expectations on output and longevity on a regular basis.
We continue to invest in this business to continue to develop our
product line and the ETF will allow us to do more testing and to
evaluate improved product designs for the benefit of our
customers. It is another example of our intent to maintain
our leadership and stay ahead of the trends in this market," said
Dr. Samir Serhan, executive vice
president at Air Products.
The location of the ETF at the Port
Manatee manufacturing facility consolidates Air Products'
LNG investments at the Florida
location. The ETF will allow for the collection of data to develop
designs for the next generation of innovative Air Products' coil
wound heat exchangers. To date, 116 large coil wound heat
exchangers have been deployed by Air Products at LNG facilities
throughout the world.
Air Products is also increasing the manufacturing capacity of
the facility at Port Manatee by
over 50 percent and held a groundbreaking for the expansion
project. The use of LNG continues to increase around the
world with strong energy demands in growing economies.
"We are committed to always providing the best-in-class
equipment and technology to the LNG industry and to never missing a
delivery and 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 adding production capacity to
this location right now so that we are prepared and not limited in
our manufacturing capability when new LNG plant opportunities are
announced and developed," said Serhan.
Air Products dedicated its Port
Manatee facility in January
2014 and rolled out its first LNG heat exchanger from the
facility in September 2016. In addition to LNG heat
exchangers, the Port Manatee
facility also builds other specialty cryogenic and gas processing
equipment for a wide range of other industrial markets.
Air Products' proprietary technology, vital to helping meet the
world's increasing energy needs and desire for clean energy,
processes and cryogenically liquefies valuable natural gas for
consumer and industrial use. For over 50 years Air Products
has manufactured LNG heat exchangers operated in 20 countries
around the world.
Typically, an LNG heat exchanger can be as large as over 15 feet
in diameter and 180 feet long, or about two-thirds of the size of a
football field. A finished unit can weigh as much as 500
tons.
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. The LNG is eventually re-gasified for energy
use.
A majority of total worldwide LNG is produced with Air Products'
technology. 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 membrane nitrogen generators for LNG carriers, and
land-based membrane and cryogenic nitrogen systems for LNG import
terminals and baseload LNG plants.
About Air Products
Air Products (NYSE:APD) is a world-leading Industrial Gases
company in operation for over 75 years. The Company's core
industrial gases business provides atmospheric and process gases
and related equipment to manufacturing markets, including refining
and petrochemical, metals, electronics and food and beverage. Air
Products is also the world's leading supplier of liquefied natural
gas process technology and equipment.
The Company had fiscal 2017 sales of $8.2
billion from continuing operations in 50 countries and has a
current market capitalization of about $35
billion. Approximately 15,000 passionate, talented and
committed employees from a diversity of backgrounds are driven by
Air Products' higher purpose to create innovative solutions that
benefit the environment, enhance sustainability and address the
challenges facing customers, communities and the world. 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,
2017.
EDITOR'S NOTE: A downloadable photo of Air Products' new
LNG equipment test facility is available in the company's online
News Center.
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SOURCE Air Products