News | December 12, 2017

Air Products Wins Nitrogen Contract For Coral Floating LNG Project

Latest Win Expands Company's Scope of Supply for the Project

Lehigh Valley, PA /PRNewswire/ - Air Products (NYSE: APD) today announced an agreement with TP JGC Coral France for the supply of its Medium and High Purity Nitrogen Package for a floating liquefied natural gas (FLNG) facility to be located in the Indian Ocean, offshore Mozambique, Africa. This represents the company's second supply contract with TP JGC Coral France for this project. Earlier this year, Air Products announced an agreement to supply its proprietary cryogenic coil wound heat exchanger technology and liquefaction process license for the facility.

The FLNG facility being built by TP JGC Coral France, an incorporated joint venture formed by TechnipFMC and JGC Corporation, along with Samsung Heavy Industries, will utilize Air Products' advanced PRISM® Membrane Separators to produce both medium- and high-purity nitrogen. The combined nitrogen production will exceed 100,000 Nm3/day. The FLNG plant will be moored and operate on the surface above 6,500 feet of water in the Indian Ocean, in a natural gas field known as Area 4 of the Coral Field.

"Air Products is very pleased to again be selected as a key supplier to the Coral FLNG project," said Charles Page, director of Air Products PRISM Membranes. "Our Nitrogen Package, which has been designed in accordance with the consortium's exacting requirements, leverages Air Products' unparalleled experience for supplying similar equipment for demanding offshore applications."

"This project affirms Air Products' capabilities and world class position for supplying high performance membrane nitrogen generation systems for the marine and offshore market," added Hallgeir Angel, technical sales manager, Air Products AS Engineered Nitrogen Systems. "It builds on years of experience gained on similar complex projects and integrates well in Air Products' market-leading Nitrogen Package portfolio."

In support of the LNG industry, Air Products provides process technology and key equipment for natural gas liquefaction processes. Upstream, Air Products provides both nitrogen and natural gas dehydration membrane systems for offshore platforms. Downstream, Air Products provides membrane nitrogen generators for LNG carriers, and land-based membrane and cryogenic nitrogen systems for LNG import terminals and base-load LNG plants.

About Air Products
Air Products (NYSE: APD) is a world-leading Industrial Gases company in operation for over 75 years. The Company's core industrial gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. Air Products is also the world's leading supplier of liquefied natural gas process technology and equipment.

The Company had fiscal 2017 sales of $8.2 billion from continuing operations in 50 countries and has a current market capitalization of about $35 billion. Approximately 15,000 passionate, talented and committed employees from a diversity of backgrounds are driven by Air Products' higher purpose to create innovative solutions that benefit the environment, enhance sustainability and address the challenges facing customers, communities and the world. For more information, visit www.airproducts.com.

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, 2016.

SOURCE: Air Products

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