Air Products and Chemicals

Last updated
Air Products and Chemicals, Inc
Type Public company
Industry Industrial gas, chemicals
Founded1940;82 years ago (1940) in Detroit, Michigan, U.S.
Founder Leonard P. Pool
Headquarters Allentown, Pennsylvania, U.S.
Area served
Worldwide
Key people
Seifi Ghasemi (CEO),
(chairman) and (president)
RevenueDecrease2.svg US$8.856 billion (2020) [1]
Increase2.svgUS$2.144 billion (2020) [1]
Increase2.svgUS$1.931 billion (2020) [1]
Total assets Increase2.svgUS$25.169 billion (2020) [1]
Total equity Increase2.svgUS$12.443 billion (2020) [1]
Number of employees
Increase2.svg 19,275 (2020) [1]
Website airproducts.com

Air Products and Chemicals, Inc. is an American international corporation whose principal business is selling gases and chemicals for industrial uses. Air Products' headquarters is in Allentown, Pennsylvania, in the Lehigh Valley region of Pennsylvania, in the United States. Air Products is the Lehigh Valley's third largest employer, after Lehigh Valley Hospital and St. Luke's University Health Network. Leonard P. Pool founded the company in 1940. Air Products’ current CEO and Chairman is Seifi Ghasemi.

Contents

On September 17, 2015, Air Products announced its intent to spin off its Materials Technologies business. [2] This new stand alone company has been renamed Versum Materials.

Products

Air Products Headquarters in Trexlertown, Pennsylvania Air Products Headquarters, Trexlertown.JPG
Air Products Headquarters in Trexlertown, Pennsylvania
An Air Products van in Leeds, West Yorkshire Air Products van on Woodhouse Lane in Leeds (4th May 2010).jpg
An Air Products van in Leeds, West Yorkshire

Air Products serves customers in technology, energy, healthcare, food and industrial markets worldwide with atmospheric industrial gases (mainly oxygen, nitrogen, argon, hydrogen and carbon dioxide), process and specialty gases, performance materials and chemical intermediates.

Air Products produces refinery hydrogen, natural gas liquefaction (LNG) technology and equipment, epoxy additives, gas cabinets, advanced coatings and adhesives.[ citation needed ] It is also noted[ citation needed ] as addressing the hydrogen fuel cell economy through hydrogen fueling stations as well as its personal care chemicals business.

Air Products also provided the liquid hydrogen and liquid oxygen fuel for the Space Shuttle External Tank. Air Products has had a working relationship with NASA for 50 years and has supplied the liquid hydrogen used for every Space Shuttle launch and the Mercury and Apollo missions. [3]

In 2013, Air Products' high purity BIP (built-in purifier) argon was used to determine a more accurate value for the Boltzmann Constant. [4]

Environmental record

In 2010, Air Products was awarded the Rushlight Hydrogen and Fuel Cells industry award for the Series 10 hydrogen fuelling station. The Rushlight Awards celebrate the leading environmental technologies and innovations by organizations throughout the UK and Ireland. The purpose is to promote what is happening in the world of hydrogen and fuel cells to the public and enable further development and funding to be granted toward reducing carbon emissions. [5]

On January 15, 2004, Air Products (NYSE: APD) was named a Maplecroft Climate Innovation Indexes (CIIs) Leader, ranking 17th out of the 300 largest US companies evaluated for their climate-related innovation and carbon management programs. Air Products is currently working on several preeminent carbon capture and storage demonstration projects around the world. [6]

Air Products was included on the Dow Jones Sustainability North America Index as one of the best performing sustainable companies for 2008/11. Only the top 20 percent of the 600 largest companies largest North American companies are selected for the DJSI North America Index. [7]

In 2001, Air Products Received an Award of Merit from the WateReuse Association for Outstanding Water Conservation Efforts for conserving 62 million US gallons (230,000 m3) of drinking water annually by converting to recycled water for the cooling process at the Santa Clara, California, manufacturing facility. The award was presented during the 25th Annual WateReuse Symposium. WRA recognizes projects that have advanced the acceptance of water reuse through education, sound science, and technology using reclamation, recycling, reuse, or desalination for the benefit of the public and the environment. [8]

Corporate responsibility

On March 4, 2010, Corporate Responsibility magazine named Air Products to its 100 Best Corporate Citizens List. [9]

Air Products refuses to cease operations in Russia in response to Russia's 2022 invasion of Ukraine and the international sanctions that have been levied against Russia. [10] [11]

Related Research Articles

Fuel cell Device that converts the chemical energy from a fuel into electricity

A fuel cell is an electrochemical cell that converts the chemical energy of a fuel and an oxidizing agent into electricity through a pair of redox reactions. Fuel cells are different from most batteries in requiring a continuous source of fuel and oxygen to sustain the chemical reaction, whereas in a battery the chemical energy usually comes from metals and their ions or oxides that are commonly already present in the battery, except in flow batteries. Fuel cells can produce electricity continuously for as long as fuel and oxygen are supplied.

Hydrogen Chemical element, symbol H and atomic number 1

Hydrogen is the chemical element with the symbol H and atomic number 1. Hydrogen is the lightest element. At standard conditions hydrogen is a gas of diatomic molecules having the formula H2. It is colorless, odorless, tasteless, non-toxic, and highly combustible. Hydrogen is the most abundant chemical substance in the universe, constituting roughly 75% of all normal matter. Stars such as the Sun are mainly composed of hydrogen in the plasma state. Most of the hydrogen on Earth exists in molecular forms such as water and organic compounds. For the most common isotope of hydrogen (symbol 1H) each atom has one proton, one electron, and no neutrons.

RP-1 Highly refined form of kerosene used as rocket fuel

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The hydrogen economy is using hydrogen to decarbonize economic sectors which are hard to electrify, essentially, the "hard-to-abate" sectors such as cement, steel, long- haul transport etc. In order to phase out fossil fuels and limit climate change, hydrogen can be created from water using renewable sources such as wind and solar, and its combustion only releases water vapor to the atmosphere.

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Environmental technology Technical and technological processes for protection of the environment

Environmental technology (envirotech), green technology (greentech) or clean technology (cleantech) is the application of one or more of environmental science, green chemistry, environmental monitoring and electronic devices to monitor, model and conserve the natural environment and resources, and to curb the negative impacts of human involvement. The term is also used to describe sustainable energy generation technologies such as photovoltaics, wind turbines, etc. Sustainable development is the core of environmental technologies. The term environmental technologies is also used to describe a class of electronic devices that can promote sustainable management of resources.

Methanol economy

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Linde plc Largest global industrial gas producer

Linde plc is a global multinational chemical company founded in Germany and, since 2018, domiciled in Ireland and headquartered in the United Kingdom. Linde is the world's largest industrial gas company by market share and revenue. It serves customers in the healthcare, petroleum refining, manufacturing, food, beverage carbonation, fiber-optics, steel making, aerospace, chemicals, electronics and water treatment industries. The company's primary business is the manufacturing and distribution of atmospheric gases, including oxygen, nitrogen, argon, rare gases, and process gases, including carbon dioxide, helium, hydrogen, ammonia, electronic gases, specialty gases, and acetylene.

Industrial gas Gaseous materials produced for use in industry

Industrial gases are the gaseous materials that are manufactured for use in industry. The principal gases provided are nitrogen, oxygen, carbon dioxide, argon, hydrogen, helium and acetylene, although many other gases and mixtures are also available in gas cylinders. The industry producing these gases is also known as industrial gas, which is seen as also encompassing the supply of equipment and technology to produce and use the gases. Their production is a part of the wider chemical Industry.

Hydrogen production is the family of industrial methods for generating hydrogen gas. As of 2020, the majority of hydrogen (∼95%) is produced from fossil fuels by steam reforming of natural gas and other light hydrocarbons, partial oxidation of heavier hydrocarbons, and coal gasification. Other methods of hydrogen production include biomass gasification, zero-CO2-emission methane pyrolysis, and electrolysis of water. The latter processes, methane pyrolysis as well as water electrolysis can be done directly with any source of electricity, such as solar power.

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Cabot Corporation is an American specialty chemicals and performance materials company headquartered in Boston, Massachusetts. The company operates in over 20 countries with 36 manufacturing plants, eight research and development facilities and 28 sales offices.

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Intelligent Energy

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Hydrogenics is a developer and manufacturer of hydrogen generation and fuel cell products based on water electrolysis and proton exchange membrane (PEM) technology. Hydrogenics is divided into two business units: OnSite Generation and Power Systems. Onsite Generation is headquartered in Oevel, Belgium and had 73 full-time employees as of December 2013. Power Systems is based in Mississauga, Ontario, Canada, with a satellite facility in Gladbeck, Germany. It had 62 full-time employees as of December 2013. Hydrogenics maintains operations in Belgium, Canada and Germany with satellite offices in the United States, Indonesia, Malaysia and Russia.

E-diesel is a synthetic diesel fuel created by Audi for use in automobiles. Currently, e-diesel is created by an Audi research facility in partnership with a company named Sunfire. The fuel is created from carbon dioxide, water, and electricity with a process powered by renewable energy sources to create a liquid energy carrier called blue crude which is then refined to generate e-diesel. E-diesel is considered to be a carbon-neutral fuel as it does not extract new carbon and the energy sources to drive the process are from carbon-neutral sources. As of April 2015, an Audi A8 driven by Federal Minister of Education and Research in Germany is using the e-diesel fuel.

References

  1. 1 2 3 4 5 6 "Air Products & Chemicals Annual report 2020-21". Air Products. Air Products & Chemicals.
  2. "Air Products Announces Intent to Spin-Off Materials Technologies Business". www.airproducts.com. Retrieved 2016-01-25.
  3. Air Products and NASA
  4. de Podesta, Michael; Underwood, Robin; et al. (11 July 2013). "A low-uncertainty measurement of the Boltzmann constant". Metrologia. 50 (4): 354–375. Bibcode:2013Metro..50..354D. doi:10.1088/0026-1394/50/4/354.
  5. http://www.airproducts.com/company/news-center/2010/02/0211-air-products-receives-rushlight-hydrogen-and-fuel-cell-award.aspx [ dead link ]
  6. Air Products Named a Maplecroft Climate Innovation Indexes (CIIs) Leader PR News
  7. Air Products Named to the Dow Jones Sustainability North America Index [ permanent dead link ] Yahoo Finance September 10, 2010
  8. Air Products Receives Award of Merit from WateReuse Association for Outstanding Water Conservation Efforts Earth Times September 22, 2010
  9. Air Products Named to 100 Best Corporate Citizens List for 2010 by Corporate Responsibility Magazine PR News
  10. Over 400 Companies Have Withdrawn from Russia—But Some Remain Yale School of Management. March 19, 2022. Retrieved March 19, 2022.
  11. "Air Products continuing to do business in Russia despite war in Ukraine". The Morning Call. March 17, 2022. Retrieved March 19, 2022.