Air Products and Chemicals, Inc.
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- Air Products and Chemicals, Inc. (NYSE: APD) is a leading industrial gases company that supplies atmospheric, process, and specialty gases; equipment for gas production; and related services to diverse industries including refining, chemicals, manufacturing, electronics, energy production, and medical sectors. The company offers products such as oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide, merchant gases in various forms (bulk, cylinder, on-site generation), specialty gases under brands like Pure Gases and Alphagaz, electronics gases, and performance materials including epoxy resins and advanced materials; it also provides gasification services, LNG processing, and clean energy solutions like hydrogen for fuel cells and carbon capture. Founded in 1940 and headquartered in Allentown, Pennsylvania, Air Products operates globally across approximately 50 countries, with manufacturing facilities, production plants, and sales offices in North America, Europe, Asia, and the Middle East, serving customers in refining, chemicals, electronics, food and beverage, healthcare, and emerging clean energy markets. In recent developments, Air Products completed the sale of its 2021 facility to a joint venture partner in 2024, enabling focus on core growth areas; announced a landmark 10-year, $4 billion hydrogen supply agreement with a major refiner in 2024 to support clean energy transition; and progressed construction on its NEOM green hydrogen project in Saudi Arabia, the world's largest, with initial production targeted for 2026 following key engineering milestones in 2025. The company also expanded its hydrogen infrastructure through new on-site supply contracts in electronics and refining sectors during 2024-2025, alongside strategic investments in blue hydrogen and ammonia production technologies to meet rising demand for low-carbon fuels. These initiatives reflect Air Products' ongoing strategic shift toward hydrogen and sustainable energy solutions, building on its acquisition of nexAir in 2023 to strengthen U.S. merchant gases presence.
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