Project Highlights Company's Mid-Scale LNG Market Capabilities
LEHIGH VALLEY, Pa., Aug. 7, 2013 /PRNewswire/ -- Air Products (NYSE: APD), the global leader in liquefied natural gas (LNG) technology and equipment, today announced it has signed an agreement to supply its proprietary liquefied natural gas (LNG) process technology and equipment to Technip for a mid-scale LNG project in the Yangling Demonstration Area, ShaanXi Province, China. Air Products' technology will be vital for a liquefaction train producing 500,000 tons per year of LNG for ShaanXi LNG Investment Development Co. Ltd. Air Products technology and equipment is targeted for completion in 2014.
"This project is an important one for Air Products for several reasons. It marks further success with providing our proprietary LNG technology and equipment into the Chinese LNG production market. It also reinforces our commitment and presence to serve all spectrums of the LNG market, with this particular project being developed for the domestic needs of the Chinese mid-scale LNG market," said Warren Miller, business manager-LNG at Air Products. Miller added that this project will mark Air Products' third mid-size LNG liquefaction train placement in China.
"We are very happy to work with Air Products, whom we have been engaged in a global hydrogen alliance for 20 years. This project acknowledges Technip's historical and unique LNG expertise and also reinforces its continuous involvement in the growing mid-scale LNG market in China," declared Yuan Sha, project manager at Technip.
Under the agreement, Air Products' single mixed refrigerant process technology, as well as the engineering, design and manufacturing of the heat exchanger equipment for the liquefaction section, will be supplied for the LNG plant. The liquefaction process at this site will use Air Products' proprietary coil wound main cryogenic heat exchanger technology. The Yangling LNG plant will be one of the largest of its kind in China. The LNG produced will be distributed to the Chinese market to help meet the growing demand for clean energy.
A majority of the total worldwide LNG is produced with Air Products' technology. Air Products has now designed, manufactured, and exported 100 coil wound heat exchangers for LNG projects around the globe over the last four decades. In support of the LNG industry, Air Products provides process technology and key equipment for the heart of the natural gas liquefaction process for large export plants, small and mid-sized LNG plants, floating LNG plants and LNG peak shavers. Upstream, Air Products provides both nitrogen and natural gas dehydration membrane systems for offshore platforms. Downstream, Air Products provides dry inert gas generators for LNG carriers, shipboard membrane nitrogen systems, and land-based membrane and cryogenic nitrogen systems for LNG import terminals and base-load LNG plants.
About Air Products
Air Products (NYSE:APD) provides atmospheric, process and specialty gases; performance materials; equipment; and technology. For over 70 years, the company has enabled customers to become more productive, energy efficient and sustainable. More than 20,000 employees in over 50 countries supply innovative solutions to the energy, environment and emerging markets. These include semiconductor materials, refinery hydrogen, coal gasification, natural gas liquefaction, and advanced coatings and adhesives. In fiscal 2012, Air Products had sales approaching $10 billion. For more information, visit www.airproducts.com.
Technip is a world leader in project management, engineering and construction for the energy industry.
From the deepest Subsea oil & gas developments to the largest and most complex Offshore and Onshore infrastructures, our 38,000 people are constantly offering the best solutions and most innovative technologies to meet the world's energy challenges.
Present in 48 countries, Technip has state-of-the-art industrial assets on all continents and operates a fleet of specialized vessels for pipeline installation and subsea construction.
Technip shares are listed on the NYSE Euronext Paris exchange and traded in the USA on the OTCQX marketplace (OTCQX: TKPPY).
About ShaanXi LNG Investment Development Co. Ltd.
ShaanXi LNG Investment Development Co. is specialized in natural gas liquefaction sales, contingency reserves, storage, transportation and industrial investment.
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, 2012.
SOURCE Air Products
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