On 1 May the new leadership of Air Products hosted an earnings call and told us a lot about the company’s direction from here. Here’s a round-up of what we found out.
After a bruising second quarter that saw Air Products plunge to a $1.7bn loss, the industrial gas major is now betting on a return to financial stability, outlining plans to become cash flow neutral as...
Air Products has said that two underperforming coal gasification facilities in China have acted as a drag on the company’s performance in Asia, delivering bottom-line losses in fiscal 2023 and 2024.
Industrial gas major Air Products has set a target to improve the operating margin of its core merchant gas business over time from about 24% today to a best-in-class 30% or more – that’s an...
Air Products has said more about its logic for deciding which underperforming hydrogen projects to cancel and which to pursue.
Air Products CEO Eduardo Menezes has said he expected headwinds in the helium market to continue into 2026 and 2027.
Air Products has said the ballooning costs and project slip on its planned net-zero hydrogen energy complex in Alberta in Canada, first announced in 2021, is in part down to “self-inflicted” project management failures.
Industrial gas major Air Products has delayed the start-up of its multi-billion-dollar Louisiana blue hydrogen project and is looking to divest its stakes in the carbon sequestration and ammonia production elements.
The 2.2GW Neom green hydrogen project has long stood out for its audacious scale and plans to deliver green molecules to Europe.
Recently installed Air Products CEO Eduardo Menezes put a brave face on the company’s financial performance today, saying several times in a lengthy earnings call that it was going “back to basics” after posting a...
