Air Products Partners with Chengzhi to Drive Zero-emission Heavy Transportation in China's Yangtze River Delta
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Dividend Yield: 2.7%
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Two Companies' First Commercial Hydrogen Fueling Station Supports Multinational and Domestic Companies to Pilot Green Logistics Operations
Commenting on the strategic alliance, Wei Junmin, President of Chengzhi, said, "Chengzhi shares Air Products' commitment to
Under service contracts, the station fuels hydrogen fuel cell trucks of various multinational and domestic companies, including Budweiser China, Yum China, the logistics service provider of Nestle China and JD Logistics, to pilot zero-emission logistics operations. These include a 49-ton heavy-duty hydrogen fuel cell truck of Budweiser running between Nantong and
Since the "Changshu Hydrogen Fuel Cell Vehicle (HFCV) Industry Development Plan" was issued in 2019, Changshu has been actively pushing for HFCV development and initially formed a relatively complete industrial chain to link into the hydrogen corridor construction in the
Saw
With more than 60 years of hydrogen experience, Air Products works across all facets of the hydrogen value chain, including production, distribution, storage, and dispensing and has been a pioneer in hydrogen fueling for decades. As global leader in hydrogen production, Air Products has hands-on operating experience with over 250 hydrogen fueling station projects in 20 countries, and its fueling technologies are used in over 1.5 million fueling operations annually.
As one of the first multinational gas companies to enter
About Air Products
Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 80 years focused on serving energy, environmental, and emerging markets. The Company has two growth pillars driven by sustainability. Air Products' base business provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, and food. The Company also develops, engineers, builds, owns and operates some of the world's largest clean hydrogen projects supporting the transition to low- and zero-carbon energy in the heavy-duty transportation and industrial sectors. Additionally, Air Products is the world leader in the supply of liquefied natural gas process technology and equipment, and provides turbomachinery, membrane systems and cryogenic containers globally.
The Company had fiscal 2023 sales of
Cautionary Note Regarding Forward-Looking Statements: This release contains "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 expectations and assumptions as of the date of this release and are not guarantees of future performance. While forward-looking statements are made in good faith and based on assumptions, expectations and projections that management believes are reasonable based on currently available information, actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors, including the risk factors described in our Annual Report on Form 10-K for the fiscal year ended
View original content:https://www.prnewswire.com/news-releases/air-products-partners-with-chengzhi-to-drive-zero-emission-heavy-transportation-in-chinas-yangtze-river-delta-301983978.html
SOURCE Air Products
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