Air Products' 10 Top-Valued Projects Weighted toward LNG, Hydrogen Facilities

---

Researched by Industrial Info Resources (Sugar Land, Texas)--Despite a weak environment for manufacturing and commodity prices, Air Products and Chemicals Incorporated (NYSE:APD) (Lehigh Valley, Pennsylvania) posted some of its strongest results at the end of the previous quarter. Industrial Info's database is tracking 124 projects, worth $19.64 billion, that involve Air Products in some capacity; more than 98% of the total is attributed to the 10 highest-valued projects, and more than 99% can be found in two industries: Oil & Gas Production and Chemical Processing.

By far, the Oil & Gas Production Industry makes up the most spending, dominated by three projects at a single complex in Russia: the $7.6 billion Train I addition, the $5 billion Train II addition and the $5 billion Train III addition at the Yamal LNG liquefaction plant in Sabetta, Russia. Each liquefied natural gas (LNG) liquefaction train will have a capacity of 5.5 million tonnes per year, with gas processed from the Yuzhno-Tambeyskoye field and shipped to European and Asian markets. For more information, including scheduling details, major components, environmental requirements and contractor contact information, see Industrial Info's project reports on Train I, Train II and Train III.

Novatek OAO (Moscow, Russia) owns a 60% share in Yamal LNG, while Total SA (NYSE:TOT) (Paris, France) and China National Petroleum Corporation (NYSE:PTR) (PetroChina) (Beijing, China) each own 20%. Last month, shareholders of Novatek approved $19 billion in external financing to be raised for construction of the Yamal LNG plant, according to Hydrocarbons Technology. The first LNG train of the project is more than 70% complete, and the first round of LNG production is scheduled for next year.

In the Chemical Processing Industry, the highest-valued project to involve Air Products is one of its own: the $400 million construction of a hydrogen plant in Baytown, Texas. The 125 million-standard-cubic-foot-per-day facility will supply the rapidly expanding Gulf Coast hydrogen pipeline network, which currently is the world's largest, with a capacity of more than 1.4 billion standard cubic feet per day. For more information, including required installations and environmental measures, see Industrial Info's project report.

Among the customers for the Baytown facility is Covestro (Leverkusen, Germany) (formerly Bayer MaterialScience), one of the world's largest polymer companies. Although the project began construction in February and is not expected to be completed until second-quarter 2018, its expected production already is sold out, according to news reports. Stone & Webster Process Technology, recently acquired by Technip SA (Paris, France), will perform design-build services.

Another of the highest-valued projects to involve Air Products is the only one in the Metals & Minerals Industry: SLR Metaliks Limited's (Dehli, India) $59.27 million oxygen plant addition at its Narayanadevarakere Steel Works facility in Bellary, India. INOX Air Products Private Limited, an Indian joint venture with INOX Group, is serving as technology provider for the oxygen plant, which is part of a broader expansion from Metaliks that includes blast furnaces, diesel generators, ductile pipe units, rolling mills and coke overs. For project specifications and contact information, see Industrial Info's project report.

The five other highest-valued projects involving Air Products are:

• $1 billion: Petronas' Rotan Floating Liquefied Natural Gas (FLNG) Unit in South China Sea, offshore Malaysia
  For more information, see Industrial Info's project report.
• $100 million: RasGas Company Limited's Helium Unit III addition at Ras Laffan Industrial City in Al Khawr, Qatar
  For more information, see Industrial Info's project report.
• $86.18 million: Air Products' germanium hydride (GeH4) plant in Pyeongtaek-si, South Korea
  For more information, see Industrial Info's project report.
• $50 million: Air Products' high-purity chemicals brownfield plant in Pasadena, Texas
  For more information, see Industrial Info's project report.
• $40 million: Air Products' air separation unit upgrade at Bekasi Industrial Gases facility in Cikarang, Indonesia
  For more information, see Industrial Info's project report.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.