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Air Products Licenses Technology for the Recovery of High-Value, Unreacted Olefins at Polypropylene and Polyethylene Facilities

  Air Products Licenses Technology for the Recovery of High-Value, Unreacted
             Olefins at Polypropylene and Polyethylene Facilities

PR Newswire

LEHIGH VALLEY, Pa., March 26, 2013

LEHIGH VALLEY, Pa., March 26, 2013 /PRNewswire/ --Air Products (NYSE: APD)
has licensed its proprietary adsorption-based monomer recovery technology to
Cryo Technologies, a worldwide supplier of custom engineered process equipment
based in Allentown, Pa. Air Products' process for unreacted olefin recovery
combines partial condensation with pressure swing adsorption to deliver two
product streams: a recovered hydrocarbon product for recycle and subsequent
polymer production, and a nitrogen stream for reuse in facility operations,
such as polymer degassing and pneumatic transportation.

The Air Products technology, developed with Department of Energy (DOE) support
under the Industrial Technologies program, enables nearly 100% recovery of
hydrocarbons and nitrogen from the feed, creating a high-purity nitrogen
product. An additional benefit, compared with competitive systems, is low
maintenance cost since the adsorbent material used in the pressure swing
adsorption process has a useful life compared to other system components.
Suitable for new, world-scale plants or as a retrofit process to existing
facilities, the technology provides a short payback period on invested capital
and enables polyolefin manufacturers to avoid flaring that results in
emissions of NOx, VOCs, CO, and CO[2].

"The selection of Cryo Technologies and execution of a license agreement with
them are the result of an extensive search and qualification process," said
Jeffrey Knopf, manager, Licensing and Technology Transfer at Air Products. "We
are confident that Cryo Technologies has the knowledge and capabilities to
offer unique process equipment that meets site specific customer needs and
will complement Air Products' efforts to provide solutions that help drive
customers' profitable growth and sustainability."

The technology license agreement enables Cryo Technologies to design and offer
Air Products' unreacted olefin recovery technology, which has been proven
through the development, testing, and successful operation of three full-scale
facilities that Air Products designed and supplied to polypropylene and
polyethylene manufacturers in the U.S.

"Cryo Technologies is pleased to have the opportunity to offer the benefits of
Air Products' unreacted olefin recovery technology to the petrochemical
industry," said Richard Hessinger, president of Cryo Technologies. "Our
experience and comprehensive capabilities in custom-engineered and packaged
process systems, combined with Air Products' proprietary adsorption-based
technology, will enable polyethylene and polypropylene production facilities
to improve their economics and minimize emissions in their monomer recovery
processes."

About Cryo Technologies
Located in Allentown, Pa., Cryo Technologies is a global process equipment
supplier that offers cryogenic process systems for separation, purification,
liquefaction, and distribution of industrial gases. Product offerings include
cryogenic gas purification, refrigeration and liquefaction systems, high-value
gas recycle systems, non-cryogenic packaged process systems for oil removal,
oxygen/hydrogen removal and dehydration, and first-of-a-kind products such as
deuterium systems. Expertise includes application of these technologies and
products to valuable gases such as helium, hydrogen, argon, neon, nitrogen,
natural gas, etc. Cryo Technologies offers turnkey project capabilities and
field service for start-up and commissioning of their equipment and systems.
For more information, visit www.cryotechnologies.com.

About Air Products
Air Products (NYSE: APD) provides atmospheric, process and specialty gases;
performance materials; equipment; and technology. For over 70 years, the
company has enabled customers to become more productive, energy efficient and
sustainable. More than 20,000 employees in over 50 countries supply innovative
solutions to the energy, environment and emerging markets. These include
semiconductor materials, refinery hydrogen, coal gasification, natural gas
liquefaction, and advanced coatings and adhesives. In fiscal 2012, Air
Products had sales approaching $10 billion. For more information, visit
www.airproducts.com.

NOTE: This release may contain forward-looking statements within the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based on management's reasonable
expectations and assumptions as of the date of this release regarding
important risk factors. Actual performance and financial results may differ
materially from projections and estimates expressed in the forward-looking
statements because of many factors not anticipated by management, including
risk factors described in the Company's Form 10K for its fiscal year ended
September 30, 2012.

SOURCE Air Products

Website: http://www.airproducts.com
Contact: Media Inquiries: Debbie Bauer, tel: (610) 481-8061; email:
bauerda@airproducts.com; Investor Inquiries: Simon Moore, tel: (610) 481-7461;
email: mooresr@airproducts.com.
 
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