Air Products Receives Funding to Build Two Large-Scale Hydrogen Refueling Stations in the Region of North-Rhine Westphalia Nordrhein Westfalen

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Apr 15, 2024, 10:07 ET

HATTINGEN, Germany, April 15, 2024 /PRNewswire/ -- Air Products, a world-leading industrial gases company, today received funding from the Ministry of Economic Affairs, Industry, Climate Protection and Energy of the State of North Rhine-Westphalia (NRW) to build two high-capacity, publicly accessible, low-carbon Hydrogen Refueling Stations (HRS) in Duisburg and Meckenheim. This marks another milestone as the company continues building a European network of hydrogen refueling stations that will provide heavy duty and long-range vehicles with low-carbon energy for zero-emission fleets.

The two new stations will be located near Air Products' current German headquarters in Hattingen, where Air Products has operated for more than 60 years. With the funding received, Air Products will build, own and operate the two high-capacity HRSs capable of fueling a range of vehicles including medium and heavy-duty classes. Supplied with the company's own hydrogen, the refueling stations will offer a network of reliable and fast HRSs for trucks in Germany and ultimately support the ramping up of zero-emission fleets.

This NRW funding to support Hydrogen Fueling Infrastructure represents an important advancement in the company's ongoing efforts to help its customers reduce global carbon emissions and contribute to a more sustainable future. As the world's largest hydrogen supplier, Air Products has hands-on operating experience with over 250 hydrogen fueling station projects in 20 countries, with the company's technologies used in over 1.5 million fueling operations annually. The company is already planning to build large-scale, renewable hydrogen production facilities in Europe and is committed to increasing its European network of HRSs. In Germany, these two new fueling stations will join the already announced HRS in Hürth-Knapsack.

Funding for the stations was made available as part of NRW's hydrogen roadmap. NRW has set ambitious goals to decarbonize heavy-duty transportation and has set a target of having 11,000 hydrogen fuel cell trucks in the region by 2030. NRW also has set additional 2030 goals of having 3,800 fuel cell buses for public transportation and 200 hydrogen fueling stations.

"This funding brings heavy-duty vehicle ready stations to the region. We are excited to be able to support first-mover truck operators looking to test and integrate hydrogen fuel cell trucks into their fleets," said Jorg Homberg, General Manager for Air Products Germany.

Mrs. Mona Neubaur, Minister for Economic Affairs, Industry, Climate Protection and Energy and Deputy Prime Minister of the State of North Rhine-Westphalia in the Würst II cabinet said, "Hydrogen is an important component for climate-neutral heavy goods transport in North Rhine-Westphalia. Hydrogen trucks have long ranges and short refueling times. This will ensure the competitiveness of logistics companies. In order to be able to rely on emission-free drives in heavy goods transport in the future, we must create the conditions now. The development of hydrogen infrastructure must be significantly accelerated. We are creating an important incentive for the expansion of the urgently needed filling station network in North Rhine-Westphalia."

About Air Products

Air Products (NYSE:APD) is a world-leading industrial gases company in operation for over 80 years focused on serving energy, environmental, and emerging markets. The Company has two growth pillars driven by sustainability. Air Products' base business provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, and food. The Company also develops, engineers, builds, owns and operates some of the world's largest clean hydrogen projects supporting the transition to low- and zero-carbon energy in the heavy-duty transportation and industrial sectors. Additionally, Air Products is the world leader in the supply of liquefied natural gas process technology and equipment, and provides turbomachinery, membrane systems and cryogenic containers globally.

The Company had fiscal 2023 sales of $12.6 billion from operations in approximately 50 countries and has a current market capitalization of about $60 billion. Approximately 23,000 passionate, talented and committed employees from diverse backgrounds are driven by Air Products' higher purpose to create innovative solutions that benefit the environment, enhance sustainability and reimagine what's possible to address the challenges facing customers, communities, and the world. For more information, visit www.airproducts.com or follow us on LinkedIn, X, Facebook or Instagram.

This release contains "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 expectations and assumptions as of the date of this release and are not guarantees of future performance. While forward-looking statements are made in good faith and based on assumptions, expectations and projections that management believes are reasonable based on currently available information, actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors, including the risk factors described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2023 and other factors disclosed in our filings with the Securities and Exchange Commission. Except as required by law, we disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in the assumptions, beliefs or expectations or any change in events, conditions or circumstances upon which any such forward-looking statements are based.

SOURCE Air Products