Air Products commits another $4bn to transition
Firm eyes further opportunities in hydrogen and carbon capture as it raises transition spending to $15bn through 2027
US industrial gases and chemicals company Air Products has pledged to ramp up its spending on low-carbon hydrogen and other transition technologies with an extra $4bn of new capital over the next five years. The increased commitment to the transition, outlined to investors this week, takes the company’s total spend to $15bn through 2027, with $11bn already earmarked for clean hydrogen projects. Air Products claims to be the world’s largest hydrogen producer. “We continue to see significant opportunities for hydrogen and carbon-capture technologies, and our industry-leading $15bn commitment is further demonstration of sustainability being at the heart of our business and growth,” says CEO Sei
Also in this section
26 July 2024
European offtakers and strategic investors start to unlock North African country’s vast potential as a green hydrogen and ammonia supplier
25 July 2024
Investment in 100MW green hydrogen facility in Germany comes as oil major’s wider transition strategy comes under scrutiny
24 July 2024
World’s largest green fertiliser supply agreement puts Villeta project in Paraguay on track for FID later this year
23 July 2024
Awards experience 20% increase in nominations this year, with submissions from 27 countries