Air Products Helium Director Testifies Before Senate on Pending Helium Bill

 Air Products Helium Director Testifies Before Senate on Pending Helium Bill

PR Newswire

LEHIGH VALLEY, Pa., May 7, 2013

LEHIGH VALLEY, Pa., May 7, 2013 /PRNewswire/ --Air Products (NYSE: APD)
director of Helium Sourcing and Supply Chain, Walter Nelson, testified today
before the United States Senate on pending S. 783, the Helium Stewardship Act
of 2013, to reform and reauthorize private helium sales from the federal
helium reservoir. Nelson told the Senate that Air Products, the global leader
in helium production, supports the proposed bill because it accomplishes the
goals of maximizing the return to the United States taxpayer, ensuring the
reliability of supply for end users, honoring contract and property rights,
and it does this without disrupting the helium supply chains.

"The world helium markets are in a state of transition and uncertainty, and
the world's current largest supply – the BLM (Bureau of Land Management)
reservoir – is in decline. Significant new sources are coming online, but
there have been repeated delays. Shortages are creating tremendous volatility
in the spot markets," Nelson told the Senate. "This is not the type of
environment to experiment with wholesale, untested changes in the world's most
stable source of supply – the BLM Reserve. This environment calls for
level-headed reforms that are phased in incrementally. That is exactly the
approach you have taken. Your bill would ensure that taxpayers get a fair
market price for the government's helium, while preserving much of the
stability that has benefited consumers and high-tech manufacturers across the
country."

Click here to view Nelson's full written testimony to the Senate.

Air Products has pioneered many of the helium extraction, production,
distribution and storage technologies used in the industry today. Air Products
maintains the world's largest helium production and distribution system and
operates numerous facilities around the world.

Helium is used in many unique and valued applications including: magnetic
resonance imaging (MRI); lifting for high altitude scientific research
balloons, blimps and party balloons; fiber optics and semiconductor
manufacturing; metallurgy; breathing atmospheres for deep diving or unique
blood gas medical mixtures; analytical chemistry; pressurizing and purging
pipes, vessels, and other critical equipment; leak detection; and other
advanced applications.

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: Art George, tel: (610) 481-1340; e-mail:
georgeaf@airproducts.com, or Investor Inquiries: Simon Moore, tel: (610)
481-7461; e-mail: mooresr@airproducts.com
 
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