Air Products' LNG Technology Selected for Indonesia Energy Project

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Apr 19, 2011, 11:36 ET

LEHIGH VALLEY, Pa., April 19, 2011 /PRNewswire/ -- Air Products (NYSE: APD), the leader in providing liquefied natural gas (LNG) technology and equipment to the world, today announced it has signed an agreement with JGC Corporation to supply its proprietary propane pre-cooled mixed refrigerant process and MCR® main heat exchanger for a two million ton per year LNG project in Luwuk, Central Sulawesi, Indonesia. The Donggi-Senoro LNG project, a joint venture between Indonesia's state-owned oil and gas company, Pertamina, along with Mitsubishi Corporation, Korea Gas Corporation and PT Medco Energi Internasional, is targeted for a 2014 start-up.

"We have a long history of working on LNG projects in Indonesia and are pleased to continue to build on our experience and position in the region. Our technology continues to be the leader when it comes to the development of LNG projects around the world," said Bill Merlini, Director, LNG Indonesia at Air Products. "This is a very important project for Indonesia's LNG industry and is a key to its continued substantial LNG supply to Japan and East Asia."

The Donggi-Senoro plant will use the region's gas fields located in the Senoro-Toili Block and the Matindok Area as feed gas for what will be the fourth LNG project located in Indonesia. Air Products' LNG technology has been involved with all four projects including: PT Arun and PT Badak, originally started-up in the late 1970s, and Tangguh LNG which began operations in 2009.

A majority of the total worldwide LNG is produced with Air Products' technology. Air Products has designed, manufactured, and exported over 80 LNG heat exchangers for projects in 15 countries from its Wilkes-Barre, Pa., United States facility 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, and also nitrogen plants for the base-load LNG facility, as well as process technology and equipment for 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.

About Air Products

Air Products (NYSE:APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. In fiscal 2010, Air Products had revenues of $9 billion, operations in over 40 countries, and 18,300 employees around the globe. 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, 2010.

SOURCE Air Products