TAIPEI,
Taiwan , Aug. 28, 2024 /PRNewswire/ -- Air Products
(NYSE: APD), a world-leading industrial gases company, today
announced Air Products San Fu Co. Ltd. has signed a 10-year Power
Purchase Agreement (PPA) for solar electricity with Tatung Forever
Energy, a subsidiary of Tatung Company, one of Taiwan's leading conglomerates. The strategic
renewable energy agreement underscores Air Products' long-term
commitment to address climate change and support the
decarbonization and sustainable development of Taiwan's industrial gases sector.
Under the PPA, which begins in the fourth quarter of 2024, Air
Products San Fu will source a portion of its energy consumption for
industrial gases production from a reliable and renewable energy
source. The renewable electricity will allow Air Products San Fu to
avoid carbon dioxide (CO2) emissions equivalent to the
electricity-related emissions from more than 80,000 households in
Taiwan over the duration of the agreement.
"We are excited to collaborate with Tatung Forever Energy as we
take a significant step in the transition to green energy. This
strategic agreement will enable us to reduce our environmental
footprint and help customers in various sectors achieve their
sustainability goals," said Paul
Yang, president of Air Products San Fu. "As a leading
industrial gases player in Taiwan,
Air Products San Fu is committed to working closely with the
government, customers, and suppliers to accelerate Taiwan's industrial decarbonization and
support the roadmap of 'Executive Yuan' towards an innovative
industrial ecosystem for green technologies."
Huang Yun-Wei, general manager of
Tatung Forever Energy, added, "With international awareness of
carbon reduction on the rise, the demand for renewable energy is
growing rapidly. We are very glad to cooperate with enterprises
like Air Products San Fu on solar electricity and look forward to
our further collaboration to achieve carbon neutrality through
improved power stability and utilization efficiency."
Air Products has been serving the Taiwan market through Air Products San Fu for
over 70 years and established leading positions in key science
industry parks with strong pipeline networks to supply its
semiconductor and TFT-LCD customers. The company has more than 60
production facilities serving diverse markets, including metal
fabrication, glass, electronics, semiconductor, flat panel display,
and petrochemicals. Air Products San Fu is the first industrial
gases company in Taiwan awarded
ISO9002, ISO14000, and ISO17034 certifications.
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 approximately
$60 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