Air Products provides industrial gases such as hydrogen, oxygen, nitrogen, argon, helium and carbon dioxide, along with related equipment and engineering services to customers worldwide in electronics, healthcare, energy, metals, chemicals, automotive and aerospace. It produces gases at air separation units or on-site plants and delivers them in bulk, cylinders, or packaged forms, sometimes installing and operating the production facilities for customers. The company differentiates itself by offering end-to-end capabilities—from design and build to ownership and operation of gas production plants—plus a global distribution network and decarbonization solutions. Its goal is to support customer operations with reliable gas supply and services while helping reduce environmental impact through decarbonization efforts.
Company Size
10,001+
Company Stage
IPO
Headquarters
Allentown, Pennsylvania
Founded
1940
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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.
Air Products wins long-term contract to supply high-purity industrial gases for major U.S. Semiconductor expansion. Sep 16, 2026, 10:00 ET New Arizona investment will support advanced semiconductor manufacturing with reliable, high-purity hydrogen, helium and carbon dioxide supply LEHIGH VALLEY, Pa., Sept. 16, 2026 /PRNewswire/ - Air Products (NYSE:APD) today announced it has signed a long-term agreement with one of the leading semiconductor manufacturers to supply high-purity industrial gases and related infrastructure to support the customer's plant and production expansion plans in the United States (U.S.). This is the second semiconductor manufacturing supply win Air Products has recently announced with a combined investment of more than $900 million overall with the two projects. Air Products will invest approximately $250 million in Arizona to build, own and operate new gas supply infrastructure for the customer's semiconductor manufacturing and advanced packaging operations. The investment includes PRISM(R) hydrogen generation units, carbon dioxide purification units, bulk gas systems for helium, hydrogen, and carbon dioxide, and associated storage, purification, analytical equipment and pipeline infrastructure. Supply is targeted to come onstream in phases. "This investment further reinforces Air Products' role as a trusted supplier and reflects our commitment to grow with our customers globally. It also underscores our world-class performance in safety, reliability and operational excellence, which are critical to meeting the increasingly demanding requirements of advanced semiconductor manufacturing. The long-term win in the U.S. strengthens our established global relationship with this strategic and important customer," said Francesco Maione, Air Products' President, Americas, Helium and Rare Gases. Air Products has served the global electronics industry for more than 40 years, supplying critical gases, technology and applications expertise to many of the world's leading semiconductor manufacturers. Since 1981, the company's Chandler, Arizona facility has supported the growth of the Phoenix semiconductor ecosystem. The facility also operates an ultra-high purity nitrogen pipeline network serving customer locations across the greater Phoenix area, providing the scale, reliability and technical expertise required by advanced semiconductor manufacturing. About Air Products Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 85 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, medical and food. As the leading global hydrogen supplier, Air Products develops, engineers, builds, owns and operates some of the world's largest hydrogen projects. Through its sale of equipment businesses, the Company also provides turbomachinery, membrane systems and cryogenic containers globally. Air Products had fiscal 2025 sales of $12 billion from operations in approximately 50 countries. For more information, visit airproducts.com or follow us on LinkedIn, X, Facebook or Instagram. 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 September 30, 2025 and other factors disclosed in our filings with the Securities and Exchange Commission. Except as required by law, we disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in the assumptions, beliefs or expectations or any change in events, conditions or circumstances upon which any such forward-looking statements are based. SOURCE Air Products
U.S. firms commit $2 billion to Korea's chip and energy sectors. Published September 4, 2026 Four American companies have pledged $2 billion in investments across South Korea's semiconductor, display materials, and offshore wind industries, as Seoul seeks to strengthen supply-chain ties with the United States. Four U.S. companies have committed a combined $2 billion to investments in South Korea spanning semiconductors, advanced display materials and offshore wind energy, South Korea's Ministry of Trade, Industry and Resources said. The pledges were announced in Washington on Thursday and involve industrial gas supplier Air Products, semiconductor equipment maker Axcelis Technologies, glass and materials producer Corning, and renewable-energy developer Pacifico Energy. Semiconductor capacity and equipment. Air Products will expand semiconductor gas supply facilities in Pyeongtaek, Gyeonggi Province, one of South Korea's largest chipmaking hubs, according to the ministry. The additional capacity is expected to support semiconductor manufacturing as Korean chipmakers continue to expand advanced production lines. Axcelis will increase its manufacturing capacity for ion implantation equipment in South Korea. The U.S. company has been producing ion implanters in the country since 2021. Ion implantation is a key semiconductor manufacturing process used to introduce controlled amounts of impurities into silicon wafers to alter their electrical properties. Display materials and offshore wind. Corning plans to strengthen its manufacturing capabilities and continue expanding its Korean operations, the ministry said. The company has invested in South Korea since 1973 and has built a longstanding presence supplying materials used in the country's display and technology industries. Pacifico Energy plans to push ahead with a 3.2-gigawatt offshore wind power project in the Jeonnam-Gwangju region. The ministry did not disclose how the combined $2 billion investment would be divided among the four companies. Seoul described the commitments as evidence that bilateral investment remains resilient despite an increasingly uncertain economic and trade environment. Sources. Ask about this story.
Rotterdam: Air Products acquires RFNBO hydrogen from Nobian's chlor-alkali electrolysis. Air Products will in the future source RFNBO-compliant hydrogen long-term from Nobian's chlor-alkali plant in Rotterdam. The plant, with a capacity of more than 14,000 tonnes per year, is considered Europe's largest RFNBO-certified hydrogen production. The industrial gases company Air Products and the chemical producer Nobian have entered into a long-term purchase agreement for certified hydrogen. The hydrogen is produced at Nobian's facility in Rotterdam, the Netherlands, and meets the requirements for renewable fuels of non-biological origin (RFNBO). Both companies announced the agreement on August 26, 2026. It builds on a collaboration that has already lasted 30 years. Largest RFNBO-certified plant in Europe. Nobian produces the hydrogen in its chlor-alkali electrolysis plant in Rotterdam, which is powered by renewable energy. According to the company, the site received the ISCC-EU certification for RFNBO in 2025 as the first major European producer of renewable hydrogen. The annual production capacity is more than 14,000 tonnes of hydrogen, equivalent to an energy equivalent of 1.68 petajoules. According to Nobian, this makes the plant the largest RFNBO-certified hydrogen facility in Europe. Air Products takes over the marketing and distribution of the certified hydrogen through its existing network. The company supplies hydrogen in both gaseous and liquid forms. According to Air Products, the agreement is intended to help customers achieve their compliance and decarbonisation goals and strengthen Rotterdam's role as a hydrogen hub. Background RED III. The agreement targets the early demand for RED III-compliant hydrogen in the Netherlands. The revised EU Renewable Energy Directive (RED III) stipulates that by 2030, at least one percent of fuels in the transport sector and 42 percent of hydrogen used in industry must come from RFNBO-certified sources. Target groups for the certified hydrogen are fuel suppliers and industrial users, including refineries. "This agreement is an important milestone for certified green hydrogen in Europe. Together with Air Products, we are further advancing the development of the European hydrogen economy," says Markus Mingenbach, Senior Vice President Chlor-Alkali & Chloromethanes at Nobian. It is "Grow Greener Together in practice - two leading industrial partners working together to advance the European energy transition." Caroline Stancell, Vice President Marketing and Growth Europe and Africa at Air Products, points to the short-term availability: "By expanding access to RFNBO-certified hydrogen from an established source, we are helping customers meet the requirements of RED III while advancing their decarbonisation strategies. These certified molecules are already available today, and Air Products' network can bring them to market in a reliable and practical way." About the companies. Air Products, based in the USA, claims to be the world's largest hydrogen supplier. The company achieved a revenue of twelve billion US dollars in the fiscal year 2025 and operates in around 50 countries. Nobian is a European manufacturer of high-purity salt, low-carbon base chemicals, and operator of underground energy storage caverns. The company operates production sites in the Netherlands, Germany, and Denmark and employs more than 1,600 people. Owners are the Carlyle Group and the sovereign wealth fund GIC. With its newsletter, you will regularly receive selected information and news from H2 International, bundled and free of charge directly to your mailbox. With the subscription to this newsletter, I agree to be informed about interesting publishing and online offers of Alfons W. Gentner Verlag GmbH & Co. KG. I can revoke this agreement and unsubscribe at any time. Further information on the handling of data can also be found in its privacy policy.
Air Products at ONS: advancing gas separation Solutions for energy and industrial applications. Air Products Membrane Solutions is excited to be exhibiting at ONS 2026 in Stavanger, Norway, one of the world's leading energy industry events! At its stand, Membrane Solutions will showcase technologies designed to improve efficiency, reliability, and sustainability across the energy sector, including: * Nitrogen Membrane Systems for onshore and offshore applications, which provide a dependable on-site nitrogen supply for inerting, purging, blanketing, and other critical operations. * Hydrogen Recovery Systems that help customers recover and reuse valuable hydrogen from process gas streams, reducing costs and improving overall process efficiency. Visit its team in Hall 10, Stand 1091, to learn how its gas separation technologies can support your operational and sustainability goals.