Air Products Showcases Decarbonization Solutions for the Energy Transition and Industrial Transformation at the 6th China International Import Expo

Air Products (NYSE: APD), a world-leading industrial gases company and a global leader in hydrogen, is taking part in the 6th China International Import Expo (CIIE 2023) from November 5-10 in Shanghai, marking the company’ fourth consecutive year of exhibiting in the world’s largest import-themed expo to support China’s high-quality development and sustainability goals. 

Under this year’s theme "Together, Realizing a Sustainable Future," Air Products will showcase a comprehensive portfolio of decarbonization technologies and solutions for the energy transition and industrial transformation. The company is among over 3,400 exhibitors and an unprecedented number of nearly 290 world- and industry-leading companies.

“CIIE is a successful and pivotal platform that promotes openness and cooperation, and facilitates mutual benefit,” said Air Products’ China President Saw Choon Seong. "Our fruitful participation in previous expos has enabled Air Products to forge deeper relationships with local governments and partners, supporting them to accelerate their clean energy transition initiatives. Air Products remains committed to the country’s high-quality development during the 14th Five-Year Plan period and beyond, as well as the realization of the carbon peak and neutrality goals.” 

During the six-day expo, Air Products will celebrate the opening of its Asia Hydrogen Application Technology Center located in Haiyan, Jiaxing, Zhejiang province, which was announced at CIIE 2020. The company will also sign strategic cooperation agreements with local partners to further explore collaboration opportunities on hydrogen, hydrogen fueling stations and hydrogen medium- and heavy-duty trucks to enable zero-emission logistics, and on industrial and specialty gases to drive productivity and sustainability.

Air Products’ booth 3B2-01 is located at the Low-Carbon Energy and Environmental Protection Technology Zone of the Technology and Equipment Pavilion in Hall 3. Key highlights include:

Hydrogen for the energy transition and industrial decarbonization: Air Products is a world leader in hydrogen supply and has made significant investments in several clean hydrogen megaprojects around the world as part of its sustainable growth strategy. The company is at the forefront of liquid hydrogen (LHY) solutions and is building China’s first commercial-scale LHY production facility in Haiyan. It also has worked to advance local LHY industry standards and local production of LHY storage tanks in its Global Cryogenic Equipment Design and Manufacturing Facility in Shanghai. During the show, the company will display an integrated hydrogen model showing its leading expertise in the production of low- and zero-carbon hydrogen and work across all facets of the hydrogen value chain, including production, liquefaction, transport, storage, refueling and applications to decarbonize medium- and heavy-duty transportation, industrial sectors and power generation. 

Sustainable offerings to reduce energy consumption, lower emissions and increase efficiency, including total solutions for industrial parks using build-own-operate models and integrated advanced technologies across the value chain, covering air separation, gasification, carbon capture and utilization, as well as green hydrogen to accelerate industrial decarbonization, transformation and upgrade; integrated oxygen combustion solutions for energy-intensive industries equipped with the company’s proprietary burners; and Air Products Membrane Solutions utilizing imported membrane separators that can separate carbon dioxide (CO2) from biogas to generate upgraded biomethane to support clean energy utilization.

Flagship hydrogen and gasification projects selected to exhibit in the hall: The company’s project to support the clean and high-efficiency use of coal in Inner Mongolia has been chosen as a key foreign investment project to exhibit in CIIE 2023's China Pavilion, and the Haiyan project is featured at the Permanent CIIE Culture Exhibition Hall. 

Being one of the first multinational industrial gas corporations to enter China in 1987, Air Products has been investing and innovating to support the country’s high-quality development and transformation. The company has actively participated in numerous clean energy demonstrations projects in China, encompassing innovations such as hydrogen for mobility technology during the 2008 Beijing Olympic Games and the first hydrogen fueling station project in Heibei province’s Zhangjiakou for the 2022 Winter Olympics. Additionally, Air Products has been involved in pioneering efforts, including China's first large air separation unit utilizing liquefied natural gas cold energy in Fujian province, underscoring its commitment to developing future innovations across the industry.

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 industrial gas and carbon-capture projects, supplying world-scale clean hydrogen for global transportation, industrial markets, and the broader energy transition. Additionally, Air Products is the world leader in the supply of liquefied natural gas process technology and equipment, and globally provides turbomachinery, membrane systems and cryogenic containers.
 
The Company had fiscal 2022 sales of $12.7 billion from operations in over 50 countries and has a current market capitalization of about $65 billion. More than 21,000 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 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, 2022 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.