Air Products Sets Greenhouse Gas Emission Reduction Goal

November 11, 2010

LEHIGH VALLEY, Pa., Nov. 11, 2010 /PRNewswire/ — Air Products (NYSE: APD) has committed to reduce its global greenhouse gas (GHG) emissions and is the only industrial gas company to have its reduction goal accepted under the U.S. Environmental Protection Agency’s (EPA’s) Climate Leaders® program.

Air Products’ production-intensity based emission reduction goal — to reduce global GHG emissions by seven percent per production index by 2015 — is aligned with the company’s 2015 intensity-based energy efficiency goals for large air separation units (ASUs) and hydrogen, carbon monoxide and synthesis gas (HyCO) facilities, which represent approximately 80 percent of the company’s total global energy requirements. Using calendar year 2007 as the baseline year, these energy goals are meant to achieve a seven percent reduction in energy consumption at the company’s large ASUs per quantity of gas produced and a seven percent reduction in fuel and feedstock consumption per quantity of hydrogen produced at HyCO plants by 2015.

Commenting on Air Products’ GHG reduction goal validation by EPA, Pat Loughlin, vice president of Environment, Health, Safety and Quality and Chair of Air Products’ Sustainability Council, said, “We are very pleased to have worked with EPA under Climate Leaders for the past five years to ensure the integrity of our inventory and accounting and set this goal. Our products and technology solutions enable our customers to significantly reduce their emissions and lower their energy use, so formalizing our GHG emission reduction goal is a natural next step in our drive to continuously improve our own environmental performance.”

To view the complete news release, visit Air Products’ online Press Room at www.airproducts.com/PressRoom/CompanyNews/Archived/2010/11Nov2010b.htm.

***NOTE: This release contains “forward-looking statements” within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including about projections, targets and plans. 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 may differ materially from projections and targets expressed in the forward-looking statements because of many factors not anticipated by management, including, without limitation, successful development of new technologies.

SOURCE Air Products

Source: newswire

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