28/07/2017 Lehigh Valley, Pa.
Air Products (NYSE: APD), a world-leading industrial gases company, today announced its three large air separation units (ASUs) in Hangjinqi, Inner Mongolia, for Inner Mongolia Yitai Chemical Co. Ltd. (Yitai Chemical) have come on-stream. The world-scale facilities supply more than 9,000 tons per day of gasesous oxygen, four pressure levels of gasesous nitrogen, instrument air, and plant air to Yitai Chemical’s leading fine chemical demonstration project, which produces 1.2 million tons of high-quality fine chemical products annually.
Yitai Chemical is wholly owned by Inner Mongolia Yitai Group Co. Ltd., a leading coal group and one of the top 10 private companies in China. It is also the largest coal group in Inner Mongolia, which also has major coal-to-energy and chemical investments in Xinjiang.
“Air Products has been serving China for 30 years and contributing to many milestone energy projects. Inner Mongolia holds one of China’s largest coal reserves and is a strategic region for the country’s energy industry. We are pleased that our state-of-the-art large ASUs play a role in supporting this landmark project for the clean and efficient use of coal resources, a key goal of the Government’s 13th Five-Year Plan,” commented Saw Choon Seong, China president, Industrial Gases at Air Products. “We continue to pursue opportunities to leverage our innovation, scale, and reliable and safe supply to support our customers and the country’s sustainability goals.”
Air Products’ large ASU trains are equipped with state-of-the-art air compressors, and design and technology advancements to enhance energy efficiency and minimize operational costs for the customer. In addition, a pioneering closed-circuit water cooling system is installed to help reduce water use.
Air Products has been operating in China since 1987 and enabling customers to meet their productivity, energy efficiency and environmental targets with its integrated gases supply, sustainable solutions and expertise. The company has built many world-scale ASU facilities in the country supplying large tonnage quantities of industrial gases to significant energy projects for customers including Weihe Clean Energy Co., Pucheng Clean Energy Co. and Shaanxi Future Energy Co. in Shaanxi Province and Shanxi Lu’an Mining Group. Among them are some of the world’s largest ASU orders ever awarded to an industrial gas company.
Outside China, the company is building the world’s largest industrial gas complex, capable of supplying 75,000 metric tons per day (20,000 oxygen and 55,000 nitrogen) to Saudi Aramco’s refinery being built in Jazan, Saudi Arabia. Some key process equipment is designed and manufactured by Air Products’ engineering and manufacturing teams in Shanghai, China.
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 2016 sales of $7.5 billion from continuing operations in 50 countries and has a current market capitalization of approximately $30 billion. Approximately 16,000 employees are making Air Products the world’s safest and best performing industrial gases company, providing sustainable offerings and excellent service to all customers. 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, 2016.