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Building and Strengthening Our Industrial Gas Business in the Middle East

Air Products acquires Air Liquide’s industrial gases business in United Arab Emirates and Bahrain.

2021 Annual Report

(Excerpted from Seifi Ghasemi's 2021 Shareholder Letter)

Despite the well-known global challenges in 2021, the talented, committed, and motivated people of Air Products demonstrated resilience and resolve, delivered excellent results, and continued to execute our growth strategy. I want to thank every one of our more than 20,000 employees for standing together, working hard, and delivering for our customers and shareholders.

In following Air Products, you know that our growth and sustainability strategy are one in the same, and we are investing significantly in products and projects that support cleaner energy and a cleaner environment...

Landmark U.S. $4.5 Billion Louisiana Blue Hydrogen Clean Energy Complex

Air Products will invest $4.5B to build-own-operate the world’s largest blue hydrogen production facility, producing over 750 MMSCFD of blue hydrogen in Louisiana, USA. A portion of the blue hydrogen will be compressed and supplied to customers by our U.S. Gulf Coast pipeline network; the balance will be used to make blue ammonia that will be transported around the world and converted back to blue hydrogen for transportation and other markets.

The megaproject will also capture over five million metric tons per year of CO₂, making it the largest carbon capture for sequestration facility in the world. Numerous studies have shown that Louisiana’s geology is some of the best in the world for permanent geologic sequestration.

The project is expected to be operational in 2026. 

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