Air Products and Chemicals
) announced that it will showcase its unique gases and chemical
know-how at the 104th AOCS Annual Meeting & Expo scheduled
from Apr 28 to May 1 in Montreal, Canada. The demonstration will
include presentations on the unique skills and awareness of the
fats and oils, surfactants, detergents, and related markets.
Air Products will be co-presenting with the Farr Group of
Companies to educate the AOCS attendees on hydrotreating
practices for Green Diesel Production and Performance-Enhancing
Functional Additives at the AOCS Expo.
The co-presenters will highlight the benefits of this newly
developing technology, including the elimination of the
neutralization of high FFA oils, as fatty acids are converted
directly to green diesel along with the neutral oil. To gain
further insight, the AOCS attendees can attend the "Hydrotreating
Practices for Green Diesel Production" presentation scheduled on
Air Products will demonstrate safer alternatives to oxygenated
solvents and alkylphenol ethoxylates, exhibiting some of the
high-performance products at the company's functional additives
line in "Air Products and Chemicals Functional Additives: High
Performance Tools for the Formulator's Toolbox" scheduled on Apr
Moreover, Air Products representatives will be reviewing and
contrasting the classical methods of determining theoretical
synergies with more rapid methods in "Shortcuts to Synergies:
Using Physical Property Inflection Points as a Guide to
Maximizing Performance'' scheduled on May 1.
Few days ago, Air Products posted its second-quarter fiscal
2013 (ended Mar 31, 2013) earnings from continued operations of
$1.37 a share, at par with the Zacks Consensus Estimate and
higher than the year-ago earnings of $1.30 (or $1.31 per share as
Net income from continuing operation increased 3.7% year over
year to $289.3 million. Efficient cost management and execution
of plans led to the increased earnings.
Revenues rose 6% year over year to $2,484.2 million, missing
the Zacks Consensus Estimate of $2,585 million. Sales were aided
by acquisitions. Underlying sales declined 2% due to Air
Products' previously announced decision to exit the Polyurethane
Air Products' healthy project backlog strongly positions it to
achieve its long-term growth target. Given its leading position
in the gases business, the company is well positioned to
capitalize on the cyclical recovery in its core industrial end
Air Products currently holds a short-term Zacks Rank #4
Other companies in the chemical industry having favorable
Zacks Rank are
Shin-Etsu Chemical Co., Ltd.
LyondellBasell Industries NV
Eastman Chemical Co.
). While Shin-Etsu Chemical retains a Zacks Rank #1 (Strong Buy),
LyondellBasell and Eastman Chemical hold a Zacks Rank #2
AIR PRODS & CHE (APD): Free Stock Analysis
EASTMAN CHEM CO (EMN): Free Stock Analysis
LYONDELLBASEL-A (LYB): Free Stock Analysis
SHIN-ETSU CHEM (SHECY): Get Free Report
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