World-Leading Hydrogen Supplier's Latest
Commitment Further Supports Canada's
Climate and Energy Goals and 5,000 Hydrogen Vehicle
Challenge
LEHIGH
VALLEY, Pa., April 23,
2024 /PRNewswire/ -- Air Products (NYSE:APD) today
announced it intends to build a network of permanent,
commercial-scale multi-modal hydrogen refueling stations stretching
from Edmonton to Calgary, Alberta, Canada.
"With abundant resources, tremendous talent, and
forward-thinking governments, Canada is driving the clean energy transition
forward," said Seifi Ghasemi,
Air Products' Chairman, President and Chief Executive Officer.
"Last year, Air Products announced our continued investment in
Western Canada with the first
permanent, commercial-scale hydrogen refueling station in
Alberta. Today, we build on that
commitment with plans to build additional commercial-scale
multi-modal hydrogen refueling stations, developing a hydrogen
highway connecting Alberta's two
largest cities and enabling the continued development of the
region's hydrogen ecosystem."
The permanent, multi-modal hydrogen refueling stations will be
equipped to serve heavy-duty vehicles, such as commercial and
municipal trucks and buses, as well light-duty hydrogen fuel cell
cars. The stations will be along the Queen Elizabeth II Highway
that runs through Calgary and
Edmonton, providing a fueling
experience and speed that is similar to gasoline or diesel. This
hydrogen infrastructure will help Western
Canada reach a goal of 5,000 hydrogen or dual fuel vehicles
on the road in five years.
"Each of our state-of-the-art, high-capacity, high-reliability
stations will be able to fuel up to 200 heavy-duty trucks or 2,000
cars per day," noted Rachel Smith,
vice president and general manager, Air Products Canada. "In
Canada, hydrogen is essential to decarbonizing transportation where
heavy-duty vehicles travel long distances in extreme temperatures.
We are excited to be activating Canada's first hydrogen corridor here in
Alberta."
The first of Air Products' permanent hydrogen refueling
stations, located in Edmonton,
near the site of the Company's landmark net-zero hydrogen energy
complex that is under construction, is scheduled to be
onstream in 2025. Currently, Air Products has placed a temporary,
hydrogen mobile fueler on the site that is supplying customers. The
permanent Edmonton hydrogen
refueling station is supported in part by $1
million (CAD) in funding from Natural Resources Canada's
Zero Emission Vehicle Infrastructure Program.
Hon. Jonathan Wilkinson,
Minister of Energy and Natural Resources Canada, said, "The
development and deployment of hydrogen presents an enormous
economic and environmental opportunity for Canadians. The federal
government is prepared to seize this opportunity, and today's
announcement by Air Products shows that Canadian companies and
innovators are also continuing to lead the way on hydrogen. I
congratulate Air Products on today's exciting announcement.
Together, we will continue to establish Canada as a leading producer and supplier of
hydrogen on our path to net-zero by 2050."
Hon. Danielle Smith,
Premier of Alberta, said,
"Hydrogen is a fuel of the future and our government is fully
on-board with efforts to pursue early adoption of hydrogen
technology. I'm thrilled that Air Products is working toward
development of a hydrogen highway between Edmonton and Calgary. This will help grow Alberta's hydrogen ecosystem and spur on
additional interest, investment, and progress in the hydrogen
space."
Hon. Dale Nally, Minister
of Service Alberta and Red Tape Reduction, said, "This is exciting
news and a great leap forward in growing the use of hydrogen as a
transportation fuel in Alberta. By
adding hydrogen fueling infrastructure along Alberta's busiest transportation corridor, Air
Products is helping to clear the way for hydrogen-powered vehicles
as a viable clean alternative to EVs. Alberta's government knows hydrogen has the
potential to be a major source of clean energy here at home and
around the world, and today's announcement is helping to turn that
vision into reality."
Jim Wood, Mayor of
Red Deer County, said,
"Red Deer County takes pride in
supporting trucking and logistics; we are excited that future
trucks driving along the QE2 will have easy access to a clean
alternative energy fuel source."
Malcolm Bruce, CEO of
Edmonton Global, said, "Air Products' bold initiative to build a
network of multi-modal hydrogen refueling stations between the
Edmonton region and Calgary marks a significant leap forward in
Canada's clean energy journey and
the 5,000 Hydrogen Vehicle Challenge. Announcements like these will
help us in reaching our goal of having 5,000 hydrogen or dual-fuel
vehicles on the road in Western
Canada in five years. By connecting our two largest cities
with this hydrogen highway, we're not just fostering innovation;
we're catalyzing a sustainable future. This investment underscores
our shared commitment to advancing green technologies and
propelling Alberta to the
forefront of the hydrogen revolution. Canada's path to net-zero truly runs through
the Edmonton region."
In addition, Air Products has a hydrogen mobile fueler at the
Edmonton International Airport to
provide hydrogen for the airport's fleet of Toyota Mirai hydrogen
fuel cell vehicles as well as a mobile fueler located on Aurum Road
ready to serve the broader Edmonton market.
As the world's largest supplier of hydrogen, Air Products has
hands-on operating experience with over 250 hydrogen fueling
station projects in 20 countries and the company's technologies are
used in over 1.5 million fueling operations annually.
Air Products Canada
Air Products currently operates three hydrogen production
facilities in Alberta, and a
55-kilometer hydrogen pipeline in the Alberta Industrial Heartland.
The company also operates a hydrogen production facility, a
30-kilometer pipeline network and a liquefaction facility in
Sarnia, Ontario.
Air Products is building a net-zero hydrogen energy
complex in Edmonton using
advanced process technology that enables the cost-effective capture
of more than 90 percent of carbon emissions for permanent
sequestration safely underground. The new complex also includes a
world-scale hydrogen liquefaction facility to accelerate the use of
hydrogen as an emission-free transportation fuel across western
Canada. In addition, to avoid the
indirect emissions associated with using grid electrical power, the
project includes a 100 percent hydrogen-fueled power generation
unit that has the capability to export clean power to Alberta's grid.
The complex will be integrated with neighboring Imperial Oil
Limited's new renewable diesel facility. Imperial will produce
renewable diesel from locally sourced non-petroleum feedstocks,
using a process that produces a biogenic renewable off-gas (ROG)
by-product. This ROG will be used as a feedstock within the Air
Products hydrogen complex, displacing natural gas and further
enhancing the overall carbon emissions profile. The combination of
utilizing a renewable feedstock and power export more than offset
any emissions not directly captured to produce hydrogen on a
net-zero basis.
The net-zero facility also will be connected to Air Products'
hydrogen pipeline network in the Alberta Heartland to support
refining and petrochemical customers in reducing the carbon
intensity of their operations and products.
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.
Cautionary Note Regarding Forward-Looking Statements
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