Air Liquide Preps for Big-Ticket Startups in North America

February 21, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Air Liquide S.A. (Paris, France) saw a rebound in 2023, with net profits of 3.08 billion euros (US$3.33 billion) representing an 11.6% increase from full-year 2022. The growth was driven by its business for industrial gases and related services in the Americas, where the company is building out its capacity to address rising demand for oxygen, nitrogen and other products. Its role in the development of renewable natural gas (RNG) and clean hydrogen is giving it a boost in an emerging sector.

Industrial Info is tracking more than $3 billion worth of active and planned projects involving Air Liquide in North America, the bulk of which is for industrial and agricultural chemicals. Air Liquide also is part of a consortium of companies evaluating sites for a hydrogen and ammonia production facility on the U.S. Gulf Coast.

Other companies featured: Methanex Corporation (NASDAQ:MEOH), Waste Connections, LyondellBasell Industries NV (NYSE:LYB) and Petroleos Mexicanos.