Air Products Receives Major Order for Its PRISM® Nitrogen Systems for Shipboard Applications

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Apr 09, 2014, 11:05 ET

LEHIGH VALLEY, Pa., April 9, 2014 /PRNewswire/ -- Air Products AS in Kristiansand, Norway recently received its single largest order of PRISM® nitrogen systems for shipboard applications in the last 30 years. The order, from one of the world's largest energy companies, involves retrofitting 25 liquefied natural gas (LNG) vessels by replacing a competitive nitrogen system with a new one that incorporates Air Products' proprietary PRISM^® membrane technology.

"This order is evidence of the high performance and reliability of Air Products' PRISM nitrogen systems for onsite gas generation," said Rune Damsgaard, business director of Air Products Norway. "The continuous supply of nitrogen that these systems provide onboard LNG carriers is of vital importance in securing the vessels' safety, both at sea and during loading and offloading of fuels."

Each of the shipboard nitrogen systems is engineered with Air Products' PRISM® membrane separators, manufactured exclusively at Air Products' facility in St. Louis, Mo. PRISM membrane separators contain polymeric hollow fibers that use selective permeation under differential pressure to separate nitrogen from oxygen and other elements.

Air Products AS specializes in the engineering and fabrication of shipboard nitrogen systems, which produce nitrogen onsite primarily for inerting potentially hazardous fueling operations. To date, the company has delivered more than 1,000 PRISM nitrogen systems for a wide variety of ship applications and more than 220 systems for offshore installations.

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.

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