Tuesday, 4 September 2018

Air Products to Support First Commercial-scale Liquid Hydrogen-based Fueling Station in China

Source: Air Products, 4th September

Company Signs Agreements with Fullcryo to Accelerate Country's Hydrogen Infrastructure Development

LEHIGH VALLEY, Pa., Sept. 4, 2018, Air Products (NYSE : APD ), a global leading hydrogen supplier and a leader in hydrogen fueling and infrastructure worldwide, today announced it has signed cooperation and equipment supply agreements with Beijing Sinoscience Fullcryo Technology Co., Ltd. (Fullcryo) to accelerate the development of hydrogen infrastructure and support Fullcryo's first, and also China's first, commercial-scale liquid hydrogen-based fueling station. The two companies will cooperate from demonstration to commercialization, including construction, operation, maintenance, and gas supply for liquid hydrogen-based fueling stations in China.

Under the equipment supply agreement, Air Products will provide two state-of-the-art, integrated Smartfuel® technology fueling stations to Fullcryo for constructing the first-of-its-kind station located in Guangdong Province, South China.

In compliance with the SAE's (Society of Automotive Engineers) J2601 fueling protocol, the station will consist of key components, including a liquid hydrogen storage tank, high-efficiency booster pump, high-pressure gasifier and gaseous storage tank, dispenser, and control system. Its fueling capacity is designed to reach 500 kilograms per day of hydrogen and can be expanded to 1,500 kilograms per day for both 35Mpa and 70Mpa fueling.

"We are pleased to join forces with Fullcryo and proud to play a key role in rolling out the world-class liquid hydrogen-based fueling station in China," said Saw Choon Seong, China president at Air Products. "Air Products is committed to supporting the Chinese government to implement its hydrogen energy roadmap outlined in the 13th Five-Year Plan. We provide total solutions from hydrogen production, storage and delivery to fueling technology systems and related infrastructure. By combining these offerings with our global experiences, local leading supply capabilities and proven safety performance, we strive to drive continuous breakthroughs and commercialization of the environmentally-friendly fuel for a greener planet."

Liquid hydrogen-based fueling stations, which involve advanced gas storage and fueling technology, can bring added benefits, including higher throughput, lower energy consumption, and relatively smaller footprint. It represents an important approach for large-scale hydrogen energy applications and a mainstream trend in the development of future transportation.

Air Products has more than 60 years of hydrogen experience and an extensive patent portfolio with over 50 patents in hydrogen dispensing technology. The company has been involved in more than 250 hydrogen fueling projects in over 20 countries worldwide. Cars, trucks, vans, buses and many other equipment have been fueled using Air Products' trendsetting technologies.

In China, Air Products has participated in several demonstration projects, including the 2008 Beijing Olympic Games, 2010 Asian Games, and 2011 Shenzhen Universiade, to drive the use of this clean energy. Early this year, the company signed an agreement with the state-owned Shenhua New Energy Co. Ltd. to provide two hydrogen dispensers to China Energy Investment Corporation Limited 's First Hydrogen Fueling Station being built in Rugao City of Jiangsu Province, East China.

About Air Products

Air Products (NYSE : APD) is a world-leading Industrial Gases company in operation for over 75 years. The Company's core industrial gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. Air Products is also the world's leading supplier of liquefied natural gas process technology and equipment. The Company had fiscal 2017 sales of $8.2 billion from continuing operations in 50 countries and has a current market capitalization of about $35 billion. Approximately 15,000 passionate, talented and committed employees from a diversity of backgrounds are driven by Air Products' higher purpose to create innovative solutions that benefit the environment, enhance sustainability and address the challenges facing customers, communities and the world. For more information, visit www.airproducts.com.

About Fullcryo

Fullcryo (also known as Fuhaicryo) is a subsidiary of China Academy of Sciences, is dedicated to developing key technologies, core equipment, product and services for large-scale cryogenic systems. The company provides comprehensive solutions to the segments including aerospace, large scientific engineering, helium, green energy and industrial gases. Fullcryo provides solutions for liquid hydrogen storage and hydrogen transportation, covering liquid hydrogen station investment and construction, hydrogen liquefiers, liquid hydrogen storage tank and related technologies to drive the hydrogen energy and fuel cell development in China.

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, 2017.