Industrial gas giant
Air Products and Chemicals Inc.
) has signed a deal to supply both gaseous and liquid nitrogen to
Prime Evolue Singapore. In addition to this, Air Products will
further expand its pipeline network to the Tembusu area from its
existing pipeline network in the Sakra area on Jurong Island,
The expansion of the pipeline network will strengthen the Air
Products' supply position to meet the growing market demand and
will also support the growth of chemical and petrochemical
customers with cost-effective and reliable industrial gas
The pipeline expansion on Jurong Island demonstrates Air
Products' commitment towards the development of Singapore's
energy and chemical industry. The company continues to explore
opportunities to assist customers to be more productive, energy
efficient and sustainable through its technology and
Jurong Island is situated at the core of Singapore's energy
and chemical industry and is the base of 95 leading global
petroleum, petrochemical and specialty chemicals companies. The
island provides well-developed infrastructure where companies can
save capital costs. Air Products shares an old relationship with
the country and has been serving the petrochemical customers on
the Jurong Island since 1997 through its air separation plant.
The plant can produce 250 metric tons per day of gases.
Air Products provides a diverse portfolio of gas products and
technologies. Recently, the company announced its plans to build,
own and operate a new world-scale hydrogen production plant in
Canada. The plant will be located adjacent to Shell Canada's
Scotford facility located northeast of Edmonton, Alberta.
The plant is expected to produce over 150 million standard
cubic feet per day (MMSCFD) of hydrogen. The facility will be
connected to Air Products Canada's existing Heartland Hydrogen
Pipeline system, which supplies refiners, upgraders, chemical
processors and other industries in the Alberta Industrial
Air Products currently holds a Zacks Rank #2 (Buy).
Other companies in the chemical industry worth considering are
E. I. du Pont de Nemours and Company
). All of them hold a Zacks Rank #2 (Buy).
AIR PRODS & CHE (APD): Free Stock Analysis
DU PONT (EI) DE (DD): Free Stock Analysis
FMC CORP (FMC): Free Stock Analysis Report
PRAXAIR INC (PX): Free Stock Analysis Report
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