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Air Products And Technip Global Hydrogen Alliance Marks 20 Years Of Success

Stocks in this article: APD

LEHIGH VALLEY, Pa., April 10, 2013 /PRNewswire/ -- Two decades of operational excellence and success were celebrated by Air Products (NYSE: APD) and Technip (NYSE: FR0000131708) to mark the 20 year milestone of the longest and most productive global hydrogen alliance supporting the oil and gas industry around the world. 

The global alliance was formed to meet refining industry demands for outsourced hydrogen to make cleaner burning transportations fuels.  During two decades Air Products and Technip have constructed 35 steam methane reformer (SMR) hydrogen production plants.  Located in 11 countries, the combined facilities provide the refining and petrochemical industry with more than two billion standard cubic feet per day of hydrogen.

The global alliance began in 1992 when a paradigm shift in the refining industry began to gain momentum and the industry moved toward outsourcing and buying hydrogen instead of refiners making it on their own.  The success in meeting customer hydrogen demands for supply reliability and plant efficiency across the alliance's first 10 years led to renewal of the agreement between Air Products and Technip in 2009, extending the relationship beyond the year 2020. 

"This alliance helped lead the global refining industry's major shift in decision-making to purchase hydrogen from a third-party instead of making its own.  Outsourced hydrogen is supplied to our customers on a 24/7 basis in tonnage quantities, and is a critical requirement for refineries to meet clean fuels standards.  We are very proud to have been working side-by-side with Technip on several continents to help our customers meet the world's growing energy needs in the most reliable, efficient and sustainable manner," said John E. McGlade, chairman, president and CEO of Air Products.

Thierry Pilenko, Technip's Chairman and CEO stated: "Technip is really proud to be a member of this alliance. The valuable feedback we have received from the plants designed for Air Products, coupled with Technip's high standards in design and engineering, have improved long term operations, where reliability over the years is the main focus. In the end the refining industry benefits by receiving a reliable and cost-effective source of hydrogen. In addition, our global footprint ensures that Technip can accompany its clients around the world, on their projects of tomorrow."

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