HATTINGEN, Germany, April 15,
2024 /PRNewswire/ -- Air Products, a
world-leading industrial gases company, today received funding from
the Ministry of Economic Affairs, Industry, Climate Protection and
Energy of the State of North Rhine-Westphalia (NRW) to build
two high-capacity, publicly accessible, low-carbon Hydrogen
Refueling Stations (HRS) in Duisburg and Meckenheim. This marks
another milestone as the company continues building a European
network of hydrogen refueling stations that will provide heavy duty
and long-range vehicles with low-carbon energy for zero-emission
fleets.
The two new stations will be located near Air Products' current
German headquarters in Hattingen, where Air Products has operated
for more than 60 years. With the funding received, Air Products
will build, own and operate the two high-capacity HRSs capable of
fueling a range of vehicles including medium and heavy-duty
classes. Supplied with the company's own hydrogen, the refueling
stations will offer a network of reliable and fast HRSs for trucks
in Germany and ultimately support
the ramping up of zero-emission fleets.
This NRW funding to support Hydrogen Fueling Infrastructure
represents an important advancement in the company's ongoing
efforts to help its customers reduce global carbon emissions and
contribute to a more sustainable future. As the world's largest
hydrogen supplier, Air Products has hands-on operating experience
with over 250 hydrogen fueling station projects in 20 countries,
with the company's technologies used in over 1.5 million fueling
operations annually. The company is already planning to build
large-scale, renewable hydrogen production facilities in
Europe and is committed to
increasing its European network of HRSs. In Germany, these two new fueling stations will
join the already announced HRS in Hürth-Knapsack.
Funding for the stations was made available as part of NRW's
hydrogen roadmap. NRW has set ambitious goals to decarbonize
heavy-duty transportation and has set a target of having 11,000
hydrogen fuel cell trucks in the region by 2030. NRW also has set
additional 2030 goals of having 3,800 fuel cell buses for public
transportation and 200 hydrogen fueling stations.
"This funding brings heavy-duty vehicle ready stations to the
region. We are excited to be able to support first-mover truck
operators looking to test and integrate hydrogen fuel cell trucks
into their fleets," said Jorg
Homberg, General Manager for Air Products Germany.
Mrs. Mona Neubaur, Minister for
Economic Affairs, Industry, Climate Protection and Energy and
Deputy Prime Minister of the State of North Rhine-Westphalia in the
Würst II cabinet said, "Hydrogen is an important component for
climate-neutral heavy goods transport in North Rhine-Westphalia.
Hydrogen trucks have long ranges and short refueling times. This
will ensure the competitiveness of logistics companies. In order to
be able to rely on emission-free drives in heavy goods transport in
the future, we must create the conditions now. The development of
hydrogen infrastructure must be significantly accelerated. We are
creating an important incentive for the expansion of the urgently
needed filling station network in North Rhine-Westphalia."
About Air Products
Air Products (NYSE:APD) is a world-leading industrial gases
company in operation for over 80 years focused on serving energy,
environmental, and emerging markets. The Company has two growth
pillars driven by sustainability. Air Products' base business
provides essential industrial gases, related equipment and
applications expertise to customers in dozens of industries,
including refining, chemicals, metals, electronics, manufacturing,
and food. The Company also develops, engineers, builds, owns and
operates some of the world's largest clean hydrogen projects
supporting the transition to low- and zero-carbon energy in the
heavy-duty transportation and industrial sectors. Additionally, Air
Products is the world leader in the supply of liquefied natural gas
process technology and equipment, and provides turbomachinery,
membrane systems and cryogenic containers globally.
The Company had fiscal 2023 sales of $12.6 billion from operations in
approximately 50 countries and has a current market capitalization
of about $60 billion. Approximately
23,000 passionate, talented and committed employees from diverse
backgrounds are driven by Air Products' higher purpose to create
innovative solutions that benefit the environment, enhance
sustainability and reimagine what's possible to address the
challenges facing customers, communities, and the world. For more
information, visit www.airproducts.com or follow us on
LinkedIn, X, Facebook or Instagram.
This release contains "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 expectations and assumptions as of the date of this
release and are not guarantees of future performance. While
forward-looking statements are made in good faith and based on
assumptions, expectations and projections that management believes
are reasonable based on currently available information, actual
performance and financial results may differ materially from
projections and estimates expressed in the forward-looking
statements because of many factors, including the risk factors
described in our Annual Report on Form 10-K for the fiscal year
ended September 30, 2023 and other
factors disclosed in our filings with the Securities and Exchange
Commission. Except as required by law, we disclaim any obligation
or undertaking to update or revise any forward-looking statements
contained herein to reflect any change in the assumptions, beliefs
or expectations or any change in events, conditions or
circumstances upon which any such forward-looking statements are
based.
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SOURCE Air Products