Air Products Launches New Cleveland Facility
Air Products, a leading supplier of industrial gases worldwide, has recently announced the opening of its new air separation facility located in Cleveland, Ohio. This state-of-the-art facility is now fully operational and is set to supply not only onsite customers but also contribute to the regional market demand.
The Cleveland facility illustrates Air Products' ongoing commitment to enhancing its operational capabilities. Alongside the new facility, the company is making considerable investments to extend the lifespan of an existing air separation unit and liquefier plant. These developments will ensure a steady supply of gaseous oxygen, gaseous nitrogen, and liquid argon under a long-term contract to an onsite customer. Additionally, there will be an expanded outreach to the regional merchant market, supplying gases to a variety of industries.
Francesco Maione, President of Air Products’ Americas division, emphasized the strategic importance of this facility, stating, “The new facility enhances this location as it will continue to provide a strategic footprint in an important merchant market while continuing to serve a significant onsite customer.” This facility is particularly noteworthy as it not only supports a diverse customer base in the Cleveland area but also showcases Air Products' strength in industrial gas production and supply.
Air Products has maintained a presence in Cleveland since the 1960s, establishing itself as a trusted supplier for several sectors, including chemicals, food, electronics, primary materials, fabricated metals, and health services. The Cleveland plant also plays a crucial role in serving as a backup liquid supply for several other Air Products customers in the region, thereby ensuring reliable service continuity.
About Air Products
For over 80 years, Air Products (NYSE: APD) has stood at the forefront of the industrial gases sector, dedicated to supporting a cleaner and more sustainable future. The company specializes in supplying vital industrial gases and offers related equipment and expertise across a wide array of industries. These include refining, chemicals, metals, electronics, manufacturing, medical, and food sectors. Air Products is recognized as a leading supplier of hydrogen, and it actively develops large-scale clean hydrogen projects to assist in the transition towards lower carbon energy solutions for industrial applications.
In fiscal 2024, Air Products generated an impressive $12.1 billion in sales from operations spanning approximately 50 countries, with a market capitalization exceeding $60 billion. The new Cleveland facility reinforces Air Products' position in the market and acts as a crucial step in meeting the increasing demand for industrial gases in a diversifying landscape.
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