Air Products to Supply LNG Technology and Equipment to Technip for China Plant
Project Highlights Company's Mid-Scale LNG Market Capabilities
LEHIGH VALLEY, Pa., Aug. 7, 2013
LEHIGH VALLEY, Pa., Aug. 7, 2013 /PRNewswire/ --Air Products (NYSE: APD), the
global leader in liquefied natural gas (LNG) technology and equipment, today
announced it has signed an agreement to supply its proprietary liquefied
natural gas (LNG) process technology and equipment to Technip for a mid-scale
LNG project in the Yangling Demonstration Area, ShaanXi Province, China. Air
Products' technology will be vital for a liquefaction train producing 500,000
tons per year of LNG for ShaanXi LNG Investment Development Co. Ltd. Air
Products technology and equipment is targeted for completion in 2014.
"This project is an important one for Air Products for several reasons. It
marks further success with providing our proprietary LNG technology and
equipment into the Chinese LNG production market. It also reinforces our
commitment and presence to serve all spectrums of the LNG market, with this
particular project being developed for the domestic needs of the Chinese
mid-scale LNG market," said Warren Miller, business manager-LNG at Air
Products. Miller added that this project will mark Air Products' third
mid-size LNG liquefaction train placement in China.
"We are very happy to work with Air Products, whom we have been engaged in a
global hydrogen alliance for 20 years. This project acknowledges Technip's
historical and unique LNG expertise and also reinforces its continuous
involvement in the growing mid-scale LNG market in China," declared Yuan Sha,
project manager at Technip.
Under the agreement, Air Products' single mixed refrigerant process
technology, as well as the engineering, design and manufacturing of the heat
exchanger equipment for the liquefaction section, will be supplied for the LNG
plant. The liquefaction process at this site will use Air Products'
proprietary coil wound main cryogenic heat exchanger technology. The Yangling
LNG plant will be one of the largest of its kind in China. The LNG produced
will be distributed to the Chinese market to help meet the growing demand for
A majority of the total worldwide LNG is produced with Air Products'
technology. Air Products has now designed, manufactured, and exported 100 coil
wound heat exchangers for LNG projects around the globe over the last four
decades. In support of the LNG industry, Air Products provides process
technology and key equipment for the heart of the natural gas liquefaction
process for large export plants, small and mid-sized LNG plants, floating LNG
plants and LNG peak shavers. Upstream, Air Products provides both nitrogen and
natural gas dehydration membrane systems for offshore platforms. Downstream,
Air Products provides dry inert gas generators for LNG carriers, shipboard
membrane nitrogen systems, and land-based membrane and cryogenic nitrogen
systems for LNG import terminals and base-load LNG plants.
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
Technip is a world leader in project management, engineering and construction
for the energy industry.
From the deepest Subsea oil & gas developments to the largest and most complex
Offshore and Onshore infrastructures, our 38,000 people are constantly
offering the best solutions and most innovative technologies to meet the
world's energy challenges.
Present in 48 countries, Technip has state-of-the-art industrial assets on all
continents and operates a fleet of specialized vessels for pipeline
installation and subsea construction.
Technip shares are listed on the NYSE Euronext Paris exchange and traded in
the USA on the OTCQX marketplace (OTCQX: TKPPY).
About ShaanXi LNG Investment Development Co. Ltd.
ShaanXi LNG Investment Development Co. is specialized in natural gas
liquefaction sales, contingency reserves, storage, transportation and
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
Contact: Media Inquiries: (Air Products-Asia) Jessica Cheng, tel: (852)
2863-0585; e-mail: email@example.com; (Air Products-U.S.) Art George,
tel: (610) 481-1340; e-mail: firstname.lastname@example.org; (Technip) Floriane
Lassalle-Massip, tel. +33 (0) 1 47 78 32 79; e-mail: email@example.com;
Investor Inquiries: (Air Products) Simon Moore, tel: (610) 481-7461; e-mail:
firstname.lastname@example.org; (Technip) Kimberly Stewart, tel. +33 (0) 1 47 78 66
74; e-mail: email@example.com
Press spacebar to pause and continue. Press esc to stop.