 | |
| Company type | Public |
|---|---|
| Industry | Industrial gas,chemicals |
| Founded | 1940; 85 years ago (1940) inDetroit, Michigan, U.S. |
| Founder | Leonard P. Pool |
| Headquarters | Allentown, Pennsylvania, U.S. |
Area served | Worldwide |
Key people | Eduardo F. Menezes (CEO) |
| Revenue |  US$12.1 billion (2024) |
 US$4.47 billion (2024) | |
| US$3.86 billion (2024) | |
| Total assets | US$39.6 billion (2024) |
| Total equity | US$18.7 billion (2024) |
Number of employees | c. 23,000 (2024) |
| Website | airproducts |
| Footnotes / references [1] | |
Air Products and Chemicals, Inc. is a U.S.-based internationalcorporation whose principal business is sellinggases andchemicals for industrial use. Air Products is headquartered inTrexlertown, Pennsylvania, in theLehigh Valley region of easternPennsylvania.
As of 2024, Air Products is the fifth-largest employer in the Lehigh Valley.[2]
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Air Products was founded inDetroit in 1940 by Leonard Parker Pool with the objective of establishing on-site production and sales of various forms ofindustrial gas.
The following year, in 1941, theU.S. entered World War II, and Air Products began manufacturing mobile generators for theproduction of oxygen used in high elevation military flights and necessary to meet the needs of theU.S. Air Force andallied air forces.[3]
In 1944, the company relocated its headquarters from Detroit toChattanooga, Tennessee, where it expanded its oxygen production manufacturing capacity to meet the needs of the U.S. military and itsallies in their war againstNazi Germany and theAxis powers.[3]
Following the end ofWorld War II, the company relocated its headquarters and operations toEmmaus, Pennsylvania in the manufacturing-intensiveLehigh Valley region of easternPennsylvania. In the late 1950s, it completed the development of its current corporate headquarters in neighboringTrexlertown.[3]
Air Products serves customers in technology, energy, healthcare, food, and industrial markets worldwide with atmospheric industrial gases, including oxygen,nitrogen,argon,hydrogen, andcarbon dioxide, process and specialty gases, performance materials, and chemical intermediates.
Air Products producesrefinery hydrogen,liquified natural gas technologies and equipment,epoxy additives,gas cabinets, advanced coatings, andadhesives.
In 2001, Air Products Received an Award of Merit from theWateReuse Association for Outstanding Water Conservation Efforts for conserving 62 million US gallons (230,000 m3) of drinking water annually by converting to recycled water for the cooling process at itsSanta Clara, California manufacturing facility. The award was presented during the 25th Annual WateReuse Symposium. WRA recognizes projects that have advanced the acceptance of water reuse through education, sound science, and technology using reclamation,recycling, reuse, ordesalination for the benefit of the public and the environment.[4]
Air Products provided the liquid hydrogen andliquid oxygen fuel for theSpace Shuttle external tank. Air Products has had a working relationship withNASA for five decades, supplying theliquid hydrogen used for everySpace Shuttle launch and theMercury andApollo missions.[5]
Air Products is included on theDow Jones Sustainability North America Index as one of the best performing sustainable companies for the period of 2008 to 2011.[6]
In January 2004, Air Products (NYSE: APD) was named a Maplecroft Climate Innovation Indexes (CIIs) Leader, the 17th largest U.S.-based company that has undergone evaluation of its climate-related innovation and carbon management programs. Air Products is currently working on several preeminentcarbon capture and storage demonstration projects around the world.[7]
In 2010, Air Products was awarded the Rushlight Hydrogen and Fuel Cells industry award for the Series 10 hydrogen fuelling station, which celebrates the leading environmental technologies and innovations by organizations throughout the United Kingdom and Ireland by promoting development in hydrogen and fuel cells and enabling further development and funding to be granted toward reducing carbon emissions.[8]
In March 2010,Corporate Responsibility magazine named Air Products to its 100 Best Corporate Citizens List.[9]
In 2013, Air Products' high purity built-in purifier argon was used to determine a more accurate value for theBoltzmann constant.[10]
In September 2015, Air Products announced its intent to spin off its Materials Technologies business.[11] This new stand alone company was namedVersum Materials. The spinoff was completed on October 3, 2016.[12] Versum was later acquired by pharmaceutical companyMerck.[13]
In January 2017, Air Products completed the sale of its Performance Materials division toEvonik,[14] leaving the company focused on its industrial gases business.
Air Products initially refused to cease operations inRussia in response to the2022 invasion of Ukraine and the international sanctions subsequently levied against Russia. However, according toYale School of Management, the company reversed its position and has since divested its interests in Russia.[15][16]
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