[Source: Air Products]
Air Products Signs Long-Term Hydrogen Supply Agreement with ExxonMobil's Baytown Refinery
Established West Gulf Coast Hydrogen Pipeline Network to Provide Product
LEHIGH VALLEY, Pa., Oct. 22 /PRNewswire-FirstCall/ -- Air Products (NYSE: APD) , the leading global hydrogen provider, today announced the signing of a long-term hydrogen supply agreement with ExxonMobil Refining and Supply Company. Air Products is to supply ExxonMobil's Baytown, Texas refinery with additional hydrogen product from its extensive West Gulf Coast hydrogen pipeline network beginning in April 2010.
"Air Products has established relationships with refineries around the world based on meeting their growing demands for hydrogen from our highly reliable supply networks," said Alex Masetti, vice president - Tonnage Gases North America at Air Products. "We are pleased to be strengthening our global relationship with ExxonMobil at Baytown. Our West Gulf Coast hydrogen pipeline network positions us well to meet customers' needs for additional product." Supplying global refiners with hydrogen is one of the top growth businesses for Air Products.
This supply agreement follows Air Products' announcement yesterday (Oct. 21, 2008) that it will supply hydrogen to ExxonMobil's Baton Rouge, La. Refinery. Air Products also collaborated with ExxonMobil on hydrogen production projects brought on-stream in 2006 at Baytown and at Joliet, Illinois.
Air Products' West Gulf Coast pipeline network is part of its overall Gulf Coast pipeline network, which extends from the Houston Ship Channel in Texas to Lake Charles, La., and from Baton Rouge to Norco, La., and east of New Orleans. This pipeline network provides highly reliable hydrogen supply to approximately 50 refinery and process industry customers.
Air Products (NYSE:APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. Air Products has annual revenues of $10 billion, operations in over 40 countries, and 22,000 employees around the globe. For more information, visit www.airproducts.com.
***NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.