Air Products' $2.8 Billion in Projects Point to Growth in China, U.S. Gulf Coast
Attachment: Air Products 1Q20
SUGAR LAND--January 27, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--Stronger prices and higher volumes boosted Air Products (NYSE:APD) (Lehigh Valley, Pennsylvania) in its fiscal first quarter for 2020, and the company is eyeing a traditional destination for its latest round of buildouts: the U.S. Gulf Coast, where it recently announced a record-setting investment. However, the industrial gases company's Asian assets seem to be providing bigger near-term benefits. Industrial Info is tracking more than $2.75 billion in global projects from Air Products, including nearly $1.2 billion worth in North America.
Within this article: Details on some of the highest-valued projects from Air Products, including a trio of steam methane reformers along the U.S. Gulf Coast and a massive air separation plant in China.
