Air Products Strikes Gold with Equipment Sale to Lihir

LEHIGH VALLEY, Pa., Feb. 25 /PRNewswire-FirstCall/ — Air Products (NYSE: APD) announced today that it signed a contract to build an air separation unit (ASU) for Lihir Gold Ltd, in Papua New Guinea. The plant is situated over 500 miles from Port Moresby, capital of Papua New Guinea and will produce over 1,800 tons per day of oxygen, almost doubling the total oxygen production on the island. The oxygen is used to oxidize the ore extracted from the mine, converting sulphide minerals to sulphates to improve the recovery of gold in downstream processing.

“We are very proud to have been selected for this project. Lihir Gold Ltd required a highly efficient plant, as it’s in a remote place, making all transport of fuel very expensive,” said Dave Edmondson, engineering vice president for Air Products in Europe. “Our innovative approach to optimize value against power, coupled with our superior technical expertise has enabled us to offer the right solution for Lihir Gold Ltd.”

“We have been impressed with Air Products’ ability to listen to our requirements and translate those in a safe and reliable solution. The Air Products team worked very closely with us, which gives us the confidence that they are in a true partnership with us,” said Graham Folland, executive general manager Corporate Development at Lihir Gold.

The plant is due to be on-stream at the end of 2010.

Air Products (NYSE: APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. Air Products has annual revenues of over $10 billion, operations in over 40 countries, and 21,000 employees around the globe. For more information, visit www.airproducts.com.

***NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.

SOURCE Air Products