Air Products Supplies Two MCHE Replacements for Bintulu LNG Facility in Malaysia

Air Products and Chemicals, Inc. +1.40%

Air Products and Chemicals, Inc.

APD

231.29

+1.40%

LEHIGH VALLEY, Pa., Oct. 30, 2023 /PRNewswire/ -- Air Products (NYSE: APD) today announced its commitment to provide its advanced main cryogenic heat exchanger (MCHE) technology for the PETRONAS LNG Complex located in Bintulu, Sarawak, Malaysia.

The replacements are part of an extension program being implemented to extend the life and continue the superior performance and high reliability of the MLNG Dua LNG facility in Bintulu. This will be the second and third MCHE replacements provided by Air Products at this facility, after the original units completed almost three decades of reliable service. The first MCHE replacement was installed in June 2022 in-house by PETRONAS and successfully started up in the fall of 2022 and operating reliably ever since.

"We are very pleased to again supply PETRONAS with Air Products' designed and manufactured LNG heat exchangers. Air Products is honored that our equipment's reliability, performance, and longevity have led our valued customer to remain with our leading technology yet again. In doing so, we will continue to provide excellent customer service with advanced heat exchanger designs to deliver superior operational performance and reliability for decades to come," said Dr. Samir J. Serhan, Air Products' Chief Operating Officer.

Air Products' contract supply to PETRONAS will consist of MCHE engineering and design, two units of two-bundle MCHEs, continued use of company's proprietary AP-C3MRTM LNG process technology with associated process licenses, and technical advisory services. All engineering and design will be done in Air Products' global corporate headquarters office in Allentown, Pennsylvania, and the MCHEs manufacture will be executed at Air Products' state-of-the-art manufacturing facility located on the west coast of Florida, less than a mile from the deep-water port at Port Manatee.

Air Products opened its world-class Port Manatee facility in January 2014 and completed a 60% expansion in October 2019, and in July 2023 announced a significant investment to increase winding capacity to meet the needs of the ever-growing LNG industry. In October 2018, a new LNG equipment test facility (ETF) was dedicated, which enables Air Products to continually improve the reliability and yield produced from its LNG equipment and to design new equipment.

Air Products' proprietary LNG process technology and equipment, vital to helping meet the world's increasing energy needs and desire for clean energy, processes, and cryogenically liquefies valuable natural gas for consumer and industrial use. For over 50 years Air Products has manufactured LNG heat exchangers, which currently operate in over 100 LNG trains in 20 countries around the world.

Typically, an LNG heat exchanger can be as large as over 15 feet (5 meters) in diameter and 180 feet (55 meters) long. A finished unit can weigh as much as 500 tons. Photos of Air Products' LNG technology can be downloaded for publication with proper attribution at http://prphotolibrary.airproducts.com/ImageViewer.aspx?q=LNG.

Air Products' LNG process technology and equipment is the heart of an LNG production plant. The technology, in place at some of the most remote locations around the world, takes natural gas and unlocks its value by liquefying it and making it possible to ship it economically. Typically, the LNG is eventually re-gasified for energy uses.

The majority of total worldwide LNG is produced with Air Products' technology. In support of the LNG industry, Air Products provides process technology and key equipment for the natural gas liquefaction process for large export plants, small and mid-sized LNG plants, floating LNG plants and LNG peak shavers. 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 baseload LNG plants.

For more information on Air Products' LNG process technology and equipment, visit https://www.airproducts.com/lng.

About Air Products 

Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 80 years focused on serving energy, environmental, and emerging markets. The Company has two growth pillars driven by sustainability. Air Products' base business provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, and food. The Company also develops, engineers, builds, owns and operates some of the world's largest industrial gas and carbon-capture projects, supplying world-scale clean hydrogen for global transportation, industrial markets, and the broader energy transition. Additionally, Air Products is the world leader in the supply of liquefied natural gas process technology and equipment, and globally provides turbomachinery, membrane systems and cryogenic containers. 

The Company had fiscal 2022 sales of $12.7 billion from operations in over 50 countries and has a current market capitalization of over $60 billion. More than 21,000 passionate, talented and committed employees from diverse backgrounds are driven by Air Products' higher purpose to create innovative solutions that benefit the environment, enhance sustainability and reimagine what's possible to address the challenges facing customers, communities, and the world. For more information, visit www.airproducts.com or follow us on LinkedIn, X, Facebook or Instagram.

Air Products 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, 2022 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.

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SOURCE Air Products

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