Air Products and NIPPON STEEL & SUMIKIN Pipeline & Engineering Co. Ltd. Sign
Agreement for Hydrogen Fueling Station Work in Japan
Companies to Work Together on Japan's Developing Hydrogen Fueling
LEHIGH VALLEY, Pa., Feb. 27, 2014
LEHIGH VALLEY, Pa., Feb. 27, 2014 /PRNewswire/ -- Air Products (NYSE: APD) and
NIPPON STEEL & SUMIKIN Pipeline & Engineering Co. Ltd. (NSPE) today jointly
announced the signing of an agreement signifying the intent of the two
companies to work together on Japan's developing hydrogen fueling
infrastructure market. The agreement also discusses the objective of
finalizing a long-term marketing and supply relationship agreement between the
U.S. and Tokyo, Japan-based companies.
"This agreement is an important step for both Air Products and NSPE in gaining
entrance to Japan's hydrogen fueling market. Japan is being progressive in
their intent to develop a hydrogen fueling infrastructure and is one of the
early markets where automobile manufacturers have announced plans to deploy
vehicles. We are pleased to be working with NSPE and greatly value their
engineering and operations expertise, as well as their knowledge of the Japan
markets. Combined with our leadership and experience in this field, together
we can meet this developing market's needs with proven technology," said Ed
Kiczek, global business director – Hydrogen Energy Systems at Air Products.
Kiczek added that Air Products has operated in Japan since 1970, and will work
through its established wholly-owned subsidiary, Air Products Japan, on
hydrogen fueling opportunities.
"We are convinced that this agreement will be a valuable first step for Japan
as it heads toward the realization of hydrogen society, as well as for Air
Products and NSPE. The Japanese government has been planning to install 100
hydrogen fueling stations by 2015, and also 1,000 by 2025 in the country,
aiming at the dissemination of FCVs. We are greatly pleased that the
combination of NSPE's technologies and experiences accumulated in the natural
gas and LNG sector over many years, and Air Products' unique advanced hydrogen
fueling technology will enable us to significantly contribute to the
implementation of those targets," said Takashi Takeuchi, managing director –
Marketing and Business Development.
As part of the final agreement to be formalized, Air Products will provide
SmartFuel^® hydrogen fueling station technology and the fueling protocol
license, infrastructure engineering and design, while NSPE will provide
engineering, construction, and adapt the technology for the Japanese market.
NSPE and Air Products Japan will jointly work with customers in the automotive
Air Products' SmartFuel^® hydrogen fueling stations provide hydrogen fueling
at 700 bar (10,000 psi) and include Air Products' patented technology to
practice the SAE J2601 fueling protocol. Air Products has available several
SmartFuel^® fueling station concepts incorporating modular and expandable
technology and holds an entire portfolio of global patents, with additional
patents pending related to "compressionless hydrogen fueling station"
advancements. Details on Air Products' hydrogen fueling station technologies
can be viewed at www.airproducts.com/h2energy.
Air Products, the leading global supplier of hydrogen to refineries to assist
in producing cleaner burning transportation fuels, has vast experience in the
hydrogen fueling industry. In fact, several sites today for certain hydrogen
fueling applications are fueling at rates of over 75,000 refills per year. Use
of the company's fueling technology is increasing and is over 850,000 hydrogen
fills per year. The company has been involved in over 160 hydrogen fueling
projects in the United States and 20 countries worldwide. Cars, trucks, vans,
buses, scooters, forklifts, locomotives, planes, cell towers, material
handling equipment, and even submarines have been fueled with trend-setting
Air Products' technologies.
Air Products has more than 50 years of hydrogen experience and an extensive
patent portfolio in hydrogen dispensing technology. Air Products provides
liquid and gaseous hydrogen and a variety of enabling devices and protocols
for fuel dispensing at varied pressures. Hydrogen for these stations can be
delivered to a site via truck or pipeline, produced by natural gas
reformation, biomass conversion, or by electrolysis, including electrolysis
that is solar and wind driven.
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. Recognized as one of the world's most innovative companies by
both Thomson Reuters and Forbes magazine, more than 21,000 employees in over
50 countries supply effective 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 2013, Air Products had sales of $10.2 billion. For more
information, visit www.airproducts.com.
About NIPPON STEEL & SUMIKIN Pipeline & Engineering Co. Ltd. (NSPE)
NSPE, a wholly-owned subsidiary of NIPPON STEEL & SUMIKIN ENGINNERING CO.,
LTD., which is a segment company of NIPPON STEEL & SUMITOMO METAL CORPORATION
(NSSMC), has been engaged in the engineering business for energy related
plants such as various types of pipelines, natural gas and LNG. NSSMC Group
has an experience in the construction of hydrogen stations for the 2005 World
Exposition, Aichi, Japan. NSPE has been involved in the construction of the
major natural gas transmission pipelines in Japan for over 50 years, and also,
provided plants such as LNG shipping and receiving facilities. For more
information, visit http://www.nspe.nssmc.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, 2013.
SOURCE Air Products
Contact: Media Inquiries: (Asia) Jessica Cheng, (852) 2863-0585,
firstname.lastname@example.org, (U.S.) Art George, (610) 481-1340,
email@example.com, or Investor Inquiries: Simon Moore, (610) 481-7461,
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