Chemical Engineering Co-op Intern - Chemical Engineering

Air Products and PETRONAS strengthen partnership with new energy-efficient plant in Malaysia. Key points. * A new plant will serve Southern and Central Malaysia, enhancing Air Products' market reach. * The project utilizes LNG cold energy, improving efficiency and reducing emissions. * Air Products emphasizes a commitment to lower-emission industrial development in Malaysia. * The partnership with PETRONAS Gas Berhad has spanned over 40 years, showcasing strong collaboration. A significant document exchange ceremony was held at the PETRONAS Twin Towers, highlighting a new collaboration between PETRONAS Gas Berhad and Air Products. High-ranking executives, including Abdul Aziz Othman from PETRONAS and Kurt Lefevere from Air Products, attended the ceremony, which marked the commencement of a new plant aimed at serving the merchant market in Southern and Central Malaysia. This development is poised to enhance Air Products' capabilities in catering to key industrial hubs and meeting the increasing demand from sectors such as electrical and electronics, petrochemicals, aerospace, and manufacturing. One of the plant's notable features is its innovative use of cold energy from the LNG regasification process. By liquefying air at low temperatures, the facility aims to improve energy efficiency while simultaneously reducing production-related emissions, thereby assisting customers in minimizing their carbon footprints. Ramani Velu, Southeast Asia President of Air Products, expressed gratitude for the long-standing partnership with PETRONAS Gas Berhad and emphasized the importance of this investment in furthering Malaysia's commitment to lower-emission industrial development. Air Products has been operational in Malaysia since 1974, establishing a robust network of production facilities and depots throughout the country. In the Northern Region, the company has advanced Air Separation Units (ASUs) that cater to the electrical and electronics industries, and it maintains a pipeline network in key industrial parks. This strategic positioning enhances Air Products' ability to deliver essential industrial gases and related solutions. As a world-leading industrial gases company, Air Products has a rich history of over 85 years and is focused on advancing energy, environmental concerns, and emerging markets. The company is recognized as a leading global hydrogen supplier and operates some of the largest hydrogen projects worldwide. With fiscal 2025 sales reaching $12.0 billion across approximately 50 countries, Air Products highlights its commitment to providing safe, reliable, and energy-efficient solutions that foster customer growth and sustainability. In summary, the document exchange ceremony and the new plant represent a significant milestone in the longstanding partnership between PETRONAS and Air Products. This collaboration aims to bolster Malaysia's industrial development while promoting environmental sustainability through energy-efficient practices and reduced emissions. The partnership reflects a shared vision for a cleaner, more sustainable future in industrial operations. October 7, 2026 at 10:50 AM Kuala Lumpur, Malaysia

Air Products to build lng-based ASU in Johor, strengthening Malaysia's industrial gas supply. Oct 7, 2026 / Johor, Malaysia: Air Products is strengthening its industrial gas infrastructure in Malaysia with a new LNG-based Air Separation Unit (ASU) at the Pengerang LNG regasification terminal in Johor. The company has concluded a definitive agreement with PG Cold Energy 1 Sdn. Bhd. (PGCE1), a joint venture led by PETRONAS Gas Berhad through PG Energia Sdn. Bhd. and DIALOG Group Berhad through DIALOG Equity (Three) Sdn. Bhd. Under the agreement, Air Products will design, build and operate the new facility, which is expected to come onstream by early 2027. The ASU will produce more than 600 tonnes per day of liquid oxygen, nitrogen and argon, expanding Air Products' ability to supply industrial gases to customers across Southern and Central Malaysia. The additional capacity will support growing demand from key sectors including electrical and electronics, petrochemicals, aerospace and manufacturing. A key feature of the project is its use of cold energy generated during LNG regasification. By recovering this otherwise available energy to liquefy air at low temperatures, the facility is designed to improve energy efficiency and reduce production-related emissions, offering customers a lower-emission pathway for their industrial gas requirements. The project also marks Air Products' fifth LNG-based ASU in Asia and reinforces its long-term commitment to Malaysia, where the company has operated since 1974. Its expanding network of production facilities, depots and pipeline infrastructure enables the company to serve major industrial clusters across the country. The new facility further strengthens the longstanding relationship between Air Products and PETRONAS Gas Berhad, while supporting Malaysia's evolving industrial ecosystem with reliable, energy-efficient industrial gas solutions.

Air Products (APD) is doubling down on the gases inside chip fabs. Published September 19, 2026 at 7:13 am EDT On September 16, Air Products (NYSE:APD) said it had signed a long-term deal to supply high-purity gases to a leading chipmaker, backed by roughly $250 million of its own money in Arizona. It is the company's second semiconductor supply win, and the two projects together carry more than $900 million of investment. That is a notable turn for a company that has been pulling back from big clean-energy projects. Home-Field advantage in Arizona. The Arizona project plays to what Air Products already does. It will build, own, and operate the equipment, from hydrogen generation units and carbon dioxide purification to bulk supply for three gases: helium, hydrogen, and carbon dioxide. That means the customer's gas supply runs through equipment Air Products owns. Supply is targeted to start in phases, so the buildout can move alongside the customer's expansion plans. And this is familiar ground. Air Products has supplied electronics makers for more than 40 years, and its Chandler facility has served the Phoenix chip cluster since 1981, with a pipeline system carrying ultra-high purity nitrogen around the area. The core business gives the deal a solid floor. In the fiscal third quarter, reported on July 30, adjusted earnings per share rose 12% to $3.47, and management lifted its full-year outlook to an adjusted $13.39 to $13.49 per share. Margins widened as well, so growth is showing up as profit. Chips appear elsewhere in the results too, since the company announced a deal to build four large air separation units to serve a chipmaker's growth in Taiwan. The price of a pivot. The cost of the pivot is hard to ignore. On June 30, Air Products announced it would not go ahead with its Louisiana Clean Energy Complex and would discontinue a zero-carbon liquid hydrogen facility in Casa Grande, Arizona, plus other smaller clean energy distribution projects. The exits triggered roughly $2.9 billion in pre-tax charges, which is why the company posted a GAAP loss of $6.47 per share in the third quarter even as its underlying earnings grew. Adjusted results leave that hit out, but the GAAP numbers show what the retreat cost. Owning the assets also means funding them. Air Products expects about $3.5 billion of capital spending in fiscal 2026, and the Arizona plant alone is a commitment of approximately $250 million, with supply arriving in phases. The release also leaves gaps: it does not name the customer or say how long the contract runs, so the length of the revenue stream is unclear. Elsewhere, Europe's operating income rose only 2% as costs climbed, and management says it is still cautious about the economic backdrop. Funds trim, shorts stay away. 48 hedge funds held Air Products in the most recent quarter, down from 56 in the prior one. That kind of drop usually signals fading conviction among institutions. Yet short interest is only 1.85% of the float, so few investors are betting against the company. Some short positions are hedges rather than outright bets, so the low figure should not be over-read. At 19.88 times forward earnings, as of September 18, the stock is priced for earnings to keep growing. One deal, two readings. Air Products is leaning into a customer base it already knows well, while paying to leave some of its largest clean-energy plans behind. The open question is whether steady chip-plant contracts can carry growth now that those projects are shelved. Bulls want to see the phased Arizona build and the Taiwan units come online while margins keep widening. Bears will be watching whether capital spending really falls, as management says it can, and whether the chipmaker's expansion plans hold.