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2024 Annual Report
Generating a Cleaner Future

(Excerpted from Seifi Ghasemi’s 2024 Shareholder Letter):

Ten years ago, we set a goal for Air Products to be the safest, most diverse and most profitable industrial gas company in the world by delivering excellent service to our customers, who rely on us every day.

Thanks to the outstanding efforts of our talented, dedicated and committed employees, I am very proud to say that we are the safest and the most profitable industrial gas company globally, and we continue to achieve what we have set out to do.

Sale of LNG Business Completed

Air Products has completed the sale of its liquefied natural gas (LNG) process technology and equipment business to Honeywell for $1.81 billion in cash. The strategic divestiture reflects Air Products’ firm focus on its two-pillar growth strategy to profitably grow its core industrial gases and related equipment businesses, and to deliver clean hydrogen at scale.
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Sustainability Report 2024

For over 30 years Air Products has reported on sustainability-related topics. During the past year we have strengthened our previously announced environmental goals and launched new goals for renewable energy and water management. We have worked collaboratively with our customers across dozens of industries while advancing our world-scale, first-mover, clean hydrogen projects to help decarbonize industry and heavy-duty transportation.
Sustainability Report 2024

15-Year Supply Deal Signed for Green Hydrogen to Decarbonize TotalEnergies' European Refineries

TotalEnergies and Air Products have signed a 15-year agreement for the annual supply in Europe of 70,000 tons of green hydrogen starting in 2030. This first long-term deal follows TotalEnergies’ call for tenders for the supply of 500,000 tons per year of green hydrogen to decarbonize TotalEnergies’ European refineries. 
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Formation of Management Board

Air Products has formed a Management Board that brings together talented senior leadership across the globe to execute the Company’s two-pillar growth strategy: to optimize and grow Air Products’ core industrial gases business while advancing the energy transition through clean hydrogen. 
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Looking for gas?  Here's a quick way to find it.

When it comes to gases, we cover everything from argon to xenon and everything in between.  Find what you need here or browse our industry or applications lists to find our full range of gases, equipment, and services.

Ar

Argon

Unique inerting properties to improve quality, optimize performance, and reduce costs.

CO₂

Carbon Dioxide

Benefit from carbon dioxide's inert properties, as well as its cooling and freezing abilities.

CO

Carbon Monoxide

Used in the production of chemicals ranging from acetic acid to polycarbonates to polyurethane intermediates.

He

Helium

As a gas for lifting, leak detection, shielding, its inert properties and as a liquid for cooling.

H₂

Hydrogen

Valued for its reactive and protective properties to improve quality, optimize performance and reduce costs.

N₂

Nitrogen

Widely used as a gas for its inert properties and a liquid for cooling and freezing.

O₂

Oxygen

Known primarily as a respiratory gas by the healthcare industry, but also used for combustion, oxidation, and fermentation.

Rare Gases

Neon, Krypton, and Xenon used in technical applications including the electronics industry.

Food Gases

From MAP cylinders to bulk liquid nitrogen, we can provide all the gases for your food processes.

Syngas

Providing turnkey solutions to convert hydrocarbon feedstock into synthesis gas for high-value products and power.