Expansion Driven by Growing Interest in Energy
Transition Technologies in the Biogas, Aerospace and
Marine Industries
LEHIGH
VALLEY, Pa., June 25,
2024 /PRNewswire/ -- Air Products (NYSE:APD), the
global leader in the production of gas separation and purification
membranes, today hosted a groundbreaking event at the site of a
$70 million expansion of its Missouri
Manufacturing and Logistics Center in Maryland Heights, near St. Louis, Missouri.
The investment, which is Air Products Membrane Solutions'
largest ever, is driven by growing product demand in biogas and
hydrogen recovery applications, as well as customer needs for the
use of nitrogen for the aerospace industry and cleaner fuels for
the marine industry.
"We are excited to officially break ground on this important
project. This expansion builds on our commitment to be a leader in
the energy transition," said Dr. Erin
Sorensen, general manager, Air Products Membrane Solutions.
"I share in our local team's excitement for today's event and in
the promise of what this new facility will mean for our business
and our customers as we continue to work together to generate a
cleaner future."
A crowd of more than 100 guests including state and local
leaders joined Air Products Membrane Solutions employees for the
groundbreaking event. Those in attendance included program speakers
Taylor Mazdra, Regional Manager,
Missouri Department of Economic Development and Mike Moeller, Mayor, Maryland Heights, Missouri.
The new manufacturing facility is expected to be in production
by the end of 2025 and include the addition of 30 new full-time
positions. Currently, about 170 employees work at the St. Louis facility. This expansion follows a
previous $10 million investment made
in 2023 to increase production capacity at the current
facility.
Air Products Membrane Solutions specializes in the development
of hollow fiber membrane separators and systems for onsite gas
generation. Air Products designs, engineers, manufactures, and
markets a full portfolio of PRISM® Membrane Separators,
Marine Systems, and Engineered-to-Order Systems to protect lives
and goods at sea, on land, and in the air. Air Products' systems
are also designed to create more sustainable energy sources and
raise productivity across a variety of industries and
applications.
Air Products Membrane Solutions' key offerings include:
- PRISM® Membrane Separators – Consist of
thousands of polymeric hollow fibers that act as a molecular filter
to separate gases into individual elements, including methane,
nitrogen or hydrogen. The membrane separators are offered to
value-added packagers as an original equipment manufacturer
component inside specialized systems. Industries served include
aerospace, offshore drilling, food and beverage, transportation,
and defense.
- Marine Systems - Air Products is the world's most experienced
and largest supplier of marine-based membrane systems serving
several market segments including dual-fuel systems, chemical
tankers, oil platforms and liquefied natural gas carriers. More
than 2,000 ships worldwide currently use separation systems based
on Air Products' membrane technology.
- Engineered-to-Order-Systems - Large industrial membrane systems
for nitrogen generation and process gas applications, which are
fully tailored to customer specifications serving the oil and gas
industry, ammonia plants, chemical manufacturing facilities, and
renewable diesel production.
- Global Service and Support - Provides maintenance and
optimization of membrane systems, offering health checks,
replacement parts, remote monitoring, and other services to keep
membranes operating at peak performance.
For more information on Air Products Membrane Solutions, visit
membranesolutions.com.
About Air Products
Air Products (NYSE:APD) is a world-leading industrial gases
company in operation for over 80 years focused on serving energy,
environmental, and emerging markets. The Company has two growth
pillars driven by sustainability. Air Products' base business
provides essential industrial gases, related equipment and
applications expertise to customers in dozens of industries,
including refining, chemicals, metals, electronics, manufacturing,
and food. The Company also develops, engineers, builds, owns and
operates some of the world's largest clean hydrogen projects
supporting the transition to low- and zero-carbon energy in the
heavy-duty transportation and industrial sectors. Additionally, Air
Products is the world leader in the supply of liquefied natural gas
process technology and equipment, and provides turbomachinery,
membrane systems and cryogenic containers globally.
The Company had fiscal 2023 sales of $12.6 billion from operations in
approximately 50 countries and has a current market capitalization
of over $50 billion. Approximately
23,000 passionate, talented and committed employees from diverse
backgrounds are driven by Air Products' higher purpose to create
innovative solutions that benefit the environment, enhance
sustainability and reimagine what's possible to address the
challenges facing customers, communities, and the world. For more
information, visit www.airproducts.com or follow us on
LinkedIn, X, Facebook or Instagram.
Cautionary Note Regarding Forward-Looking
Statements
This release contains "forward-looking statements" within the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. These forward-looking statements are based on
management's expectations and assumptions as of the date of this
release and are not guarantees of future performance. While
forward-looking statements are made in good faith and based on
assumptions, expectations and projections that management believes
are reasonable based on currently available information, actual
performance and financial results may differ materially from
projections and estimates expressed in the forward-looking
statements because of many factors, including the risk factors
described in our Annual Report on Form 10-K for the fiscal year
ended September 30, 2023 and other
factors disclosed in our filings with the Securities and Exchange
Commission. Except as required by law, we disclaim any obligation
or undertaking to update or revise any forward-looking statements
contained herein to reflect any change in the assumptions, beliefs
or expectations or any change in events, conditions or
circumstances upon which any such forward-looking statements are
based.
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SOURCE Air Products