Key TakeawaysHoneywell said it would acquire the liquified natural gas process technology and equipment business from Air Products & Chemicals for $1.81 billion.Central to the deal are Air Products' coil-wound heat exchangers, which provide high throughput of natural gas.The acquisition is Honeywell's fourth announced deal this year. Honeywell (HON) is continuing to shop for deals, announcing plans Wednesday to buy the liquified natural gas (LNG) process technology and equipment business from Air Products & ...

In December 2023, the global hydrogen pipeline expanded by 35%, reaching 1,400 projects amid economic challenges. These projects could total as much as $570 billion in investment by 2030, indicating strong industry growth. The shift from grey hydrogen toward clean hydrogen is expected to drive demand by 2050, creating substantial long-term investment opportunities in hydrogen stocks.In 2024, U.S. Senators Cassidy, Crapo, Risch and Ricketts criticized the Biden administration’s strict 45V tax rule, which hin ...

LEHIGH VALLEY, Pa., July 1, 2024 /PRNewswire/ -- Air Products (NYSE:APD) will release its fiscal 2024 third quarter financial results prior to market open on Thursday, August 1, 2024 and will review these results in a teleconference at 8:30 a.m. ET. The teleconference will be open to the public and the media in listen-only mode by telephone and Internet broadcast.Live teleconference: 773-305-6867Passcode: 2796775Internet broadcast/slides: Available on the Event Details page on Air Products' Investor Relatio ...

Air Products and Chemicals Inc. (APD) recently had a ground-breaking ceremony at the site of a $70 million expansion of its Missouri Manufacturing and Logistics Centre in Maryland Heights, near St. Louis, MO.The investment, which is Air Products Membrane Solutions' largest ever, is supported by rising product demand for biogas and hydrogen recovery applications, as well as customer need for nitrogen in the aerospace industry and greener fuels in the maritime sector.The new manufacturing facility is expected ...

Expansion Driven by Growing Interest in Energy Transition Technologies in the Biogas, Aerospace and Marine Industries LEHIGH VALLEY, Pa., June 25, 2024 /PRNewswire/ -- Air Products (NYSE:APD), the global leader in the production of gas separation and purification membranes, today hosted a groundbreaking event at the site of a $70 million expansion of its Missouri Manufacturing and Logistics Center in Maryland Heights, near St. Louis, Missouri.The investment, which is Air Products Membrane Solutions' largest ...

A December 2023 report indicates that the global hydrogen pipeline has increased by 35% through the year despite macroeconomic headwinds. The total number of projects stood at 1,400, representing an investment target of $570 billion through 2030. Clearly, the industry is positioned for sustained growth.Notably, nearly all hydrogen consumed today is grey hydrogen. However, in the coming decades, the demand for grey hydrogen will decline as clean hydrogen takes its place. Therefore, the growth story is beyond ...

The hydrogen industry is still waiting on the Biden-Harris Administration to loosen restrictive 45V tax credits. And from the looks of it, industry executives are quickly starting to run thin on patience. “The pace of change is starting to impact project development,” according to Rushabh Shah, director of U.S. Midwest Hydrogen and CCS at BP, as quoted by E&E News. However, if and when the 45V tax issue is resolved, some of the top hydrogen stocks to buy could easily explode higher.Plus, the Biden Administr ...

LEHIGH VALLEY, Pa., June 13, 2024 /PRNewswire/ -- Air Products (NYSE:APD) will showcase industrial gas solutions and technologies for metals and materials processing applications at the PowderMet2024 International Conference on Powder Metallurgy and Particulate Materials from June 16-19 at the David L. Lawrence Convention Center in Pittsburgh, Pennsylvania.Those attending are invited to stop by Air Products' booth #308 to speak with an industry specialist and learn how Air Products' industrial gases, techno ...

Air Products and Chemicals, Inc. (APD) is poised to benefit from its project investments, productivity actions and new business deals. However, the sluggishness in Europe and China is a concern.The company’s shares are down 1.4% over a year, compared with a 3.3% decline of its industry. Image Source: Zacks Investment ResearchAir Products is expected to gain from its investments in high-return industrial gas projects and productivity measures. It remains focused on its gasification strategy and is executing ...

There’s a great deal of opportunity in some of the best hydrogen stocks.They just need to get through a few roadblocks first. For one, we’re still waiting to see if the Biden Administration will loosen current hydrogen tax credits. According to Plug Power CEO Andy Marsh, he’s certain the proposed tax credits will be relaxed. “The regulations are going to change,” he said, as quoted by H2-View.com. “There is no doubt.”Two, there’s no real regulation on transporting hydrogen, which could slow progress even mo ...