Air Products and Chemicals, Inc.
CEO: John E. McGlade; Revenue: $10 Billion (2012); Employees: 20,000 (2012)
For over 70 years, Air Products has enabled customers to become more productive, energy efficient and sustainable. With over 20,000 employees and operations in more than 50 countries, Air Products serves customers in more than 30 industries, including a wide range of energy, environment and emerging markets. It supplies industrial gases, performance materials, equipment and technology. It is the world’s largest supplier of hydrogen and helium and has built leading global supply positions in growth markets such as semiconductor materials, refinery hydrogen, coal gasification, natural gas liquefaction, and advanced coatings and adhesives.
The company’s fiscal year 2012 sales were approaching $10 billion, increasingly from product and technology solutions for energy, environment and emerging markets. Its offerings and applications expertise improve its customers’ sustainability in several ways including reducing energy use, increasing productivity and product quality, and lowering emissions and waste.
Climate & Energy-Related Targets
Air Products aims to achieve two intensity-based energy reduction targets that tie directly to greenhouse gas (GHG) emission reductions which are focused on operational efficiency in every aspect of its plants. The targets represent a 7% reduction in GHGs indexed against production by 2015 from a 2007 baseline figure, and a 7% reduction in energy required for production of its two major industrial gas product families -- HyCO (hydrogen, carbon monoxide and synthesis gas) and atmospheric gases (oxygen, nitrogen, argon) -- which collectively account for the majority of its corporate energy consumption. The target period is 2007 through 2015.
Climate & Energy Statements
"We pride ourselves on operational efficiency in every aspect of our plants and have set aggressive reduction goals for energy and greenhouse gases. There is an ever-increasing need for the energy and environmental technology solutions we provide our customers today, as well as those in development."
- John McGlade, Chairman, President and Chief Executive Officer
Awards and Recognition
- 100 Best Corporate Citizen for 2013 (CR Magazine)
- Included on the Dow Jones Sustainability North America Index as one of the best performing sustainable companies for 2012/13
- Named a Maplecroft Climate Innovation Indexes (CIIs) Leader, ranking #1 in our industry sector and #7 overall out of 360 U.S. companies evaluated for climate-related innovation and carbon management programs
- Included on the Carbon Disclosure Project (CDP) Carbon Disclosure Leadership Index (CDLI), which recognizes the top 10 percent of S&P 500 and Global 500 companies in terms of climate transparency. Air Products is the only industrial gas company selected to the Global and S&P 500 CDLI for 2012. Air Products remains a constituent on the FTSE4Good Index Series
- Remains a constituent on Vigeo’s Ethibel Global Sustainability Index and included in Ethibel’s EXCELLENCE and PIONEER registries
- Presented with the 2012 Platts Global Energy Award for our industry leading Gulf Coast Connection Project, the world's largest hydrogen plant and pipeline supply network
Recent Climate & Clean Energy Initiatives
In August 2012, Air Products announced it will build and operate the world’s largest renewable energy plant in the UK using advanced gasification energy-from-waste (EfW) technology. The Tees Valley plant, located at the New Energy and Technology Business Park, near Billingham, Teesside, will be the first of its kind in the UK, and the largest of its kind anywhere in the world with an approximate capacity of 50MW.
The plant is expected to produce enough reliable, controllable, and renewable electricity to power up to 50,000 homes, and will divert up to 350,000 metric tons of non-recyclable waste from the landfill per year – helping to meet the UK’s waste diversion targets.
Air Products designed, constructed, and is now operating a state-of-the-art system to capture approximately one million tons of carbon dioxide (CO2) in an enhanced oil recovery project in which DOE anticipates an additional estimated 1.6-3.1 million barrels of oil to be produced annually from the CO2 injection. The CO2 removal technology was retrofitted to the SMRs, which produce hydrogen to assist in the making of cleaner burning transportation fuels by refinery customers on Air Products’ Gulf Coast hydrogen pipeline network.