Air Products & Chemicals Inc.
) and Technip recently celebrated the completion of two decades
of their alliance - the longest and most productive alliance
supplying hydrogen to the global oil and gas industry.
Hydrogen is a critical component in the production of cleaner
fuels as it helps eliminate impurities found in crude oil such as
sulfur, olefins and aromatics to fulfill the product's fuel
Air Products and Technip joined forces in 1992 to capitalize on
the shift in the refining industry toward outsourcing and buying
hydrogen instead of producing it. Following its success, the
agreement between Air Products and Technip was renewed in 2009,
extending the relationship beyond 2020.
Technip provides design and construction expertise for steam
reformers while Air Products provides the gas separation
technology. During the course of their alliance, Air Products and
Technip have put up 35 steam methane reformer (SMR) hydrogen
production plants encompassing 11 countries. These facilities
supply more than two billion standard cubic feet of hydrogen
daily to the refining and petrochemical industry.
Throughout the tenure, Air Products and Technip have
unrelentingly worked on productivity improvements as well as
reducing energy consumption and emissions. One of the notable
plant onstream sustainability successes of the alliance is the
new hydrogen facility located in Rotterdam, The Netherlands. This
facility improved energy efficiency over the previous hydrogen
supply by over 15% and also reduced carbon dioxide emissions by
over 200,000 tons annually.
The Air Products-Technip alliance is scheduled to bring onstream
its largest world-scale capacity SMR in 2014 to meet the
increased demand for hydrogen. Located in St. Charles, La., the
facility will feature the latest technology advancements to
maximize energy efficiency and emissions reduction.
Air Products and Technip have also increased their geographic
presence in the emerging markets of China, India and the Middle
East. In 2013, the alliance's first SMR in China is due
onstream. With an estimated capacity of over 90 million
standard cubic feet per day, it will be the first time a
state-owned refinery has outsourced its hydrogen refinery
To celebrate the 20-year milestone of the alliance, Air Products
and Technip awarded a total of $200,000 in scholarships to four
colleges and universities in regions where the two companies have
collaborated to bring onstream world-class projects as well as in
Air Products currently holds a short-term Zacks Rank #3 (Hold).
Other companies in the chemical industry that are worth
Eastman Chemical Co.
), which carry Zacks Rank #2 (Buy).
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