Technip (TKPPY: OTCQX International Premier) | Air Products

New Post Public Reply Private Reply Replies (0) Message Board
testuser
Technip (TKPPY: OTCQX International Premier) | Air Products and Technip Global Hydrogen Alliance Marks 20 Years of Success Air Products and Technip Global Hydrogen Alliance Marks 20 Years of Success

Air Products and Technip Global Hydrogen Alliance Marks 20 Years of Success

Worldwide Teamwork Produces Two Billion SCF Per Day of Hydrogen for Clean Fuels Production

PR Newswire

LEHIGH VALLEY, Pa. , April 10, 2013 /PRNewswire/ -- Two decades of operational excellence and success were celebrated by Air Products (NYSE: APD) and Technip (NYSE: FR0000131708) to mark the 20 year milestone of the longest and most productive global hydrogen alliance supporting the oil and gas industry around the world. 

The global alliance was formed to meet refining industry demands for outsourced hydrogen to make cleaner burning transportations fuels.  During two decades Air Products and Technip have constructed 35 steam methane reformer (SMR) hydrogen production plants.  Located in 11 countries, the combined facilities provide the refining and petrochemical industry with more than two billion standard cubic feet per day of hydrogen.

The global alliance began in 1992 when a paradigm shift in the refining industry began to gain momentum and the industry moved toward outsourcing and buying hydrogen instead of refiners making it on their own.  The success in meeting customer hydrogen demands for supply reliability and plant efficiency across the alliance's first 10 years led to renewal of the agreement between Air Products and Technip in 2009, extending the relationship beyond the year 2020. 

"This alliance helped lead the global refining industry's major shift in decision-making to purchase hydrogen from a third-party instead of making its own.  Outsourced hydrogen is supplied to our customers on a 24/7 basis in tonnage quantities, and is a critical requirement for refineries to meet clean fuels standards.  We are very proud to have been working side-by-side with Technip on several continents to help our customers meet the world's growing energy needs in the most reliable, efficient and sustainable manner," said John E. McGlade , chairman, president and CEO of Air Products.

Thierry Pilenko, Technip's Chairman and CEO stated: "Technip is really proud to be a member of this alliance. The valuable feedback we have received from the plants designed for Air Products, coupled with Technip's high standards in design and engineering, have improved long term operations, where reliability over the years is the main focus. In the end the refining industry benefits by receiving a reliable and cost-effective source of hydrogen. In addition, our global footprint ensures that Technip can accompany its clients around the world, on their projects of tomorrow."

Throughout the global alliance relationship, the two companies have continued to strive for productivity improvements, supporting sustainability goals of reducing energy consumption and emissions.  One of the notable recent plant onstream sustainability successes of the alliance is located in Rotterdam , The Netherlands.  The new hydrogen facility, brought onstream in 2011, improved energy efficiency over the previous hydrogen supply by over 15 percent.  It also lowered carbon dioxide emissions by over 200,000 tons per year, comparable to taking 90,000 cars off the road annually.

The refining industry has sought larger SMRs to meet increased hydrogen demands.  The alliance is scheduled to bring onstream its largest world-scale capacity SMR in fiscal year 2014.  Located in St. Charles, Louisiana , United States , the facility will be the newest alliance project and will feature the latest technology advancements to maximize energy efficiency and emissions reduction. The enhanced SMR design targets optimal heat integration and minimal loss of heat to the environment, which in turn lowers natural gas feedstock consumption.

The extended agreement has also led the alliance to look at extending the geographic reach of new hydrogen production projects in emerging markets including China , India and the Middle East.  In 2013, the alliance's first SMR in China is due onstream.  Producing over 90 million standard cubic feet per day, it will be the first time a state-owned refinery has outsourced its hydrogen refinery requirement.

To commemorate the 20-year milestone of the alliance, Air Products and Technip awarded a total of $200,000 in scholarships to four colleges and universities. These institutions are located in geographies where the two companies have collaborated to bring onstream world-class projects, and also in new geographies where the industry growth is expected to take the alliance next in support of the global refining industry.  Scholarship winners each receiving $50,000 included: Indian Institute of Technology ( Madras, India ); King Abdullah University of Science and Technology ( Saudi Arabia ); Lehigh University ( Bethlehem, Pennsylvania , United States ); and Rice University ( Houston, Texas , United States ).  

The Air Products and Technip global alliance provides the worldwide refining industry with competitive technology and world-class safety. Technip provides the design and construction expertise for steam reformers while Air Products provides the gas separation technology. Air Products, through its extensive operating network, and Technip, from its large reference base, also bring effective operational and engineering knowledge to "design-in" high reliability and efficiency. The plants are operated and maintained by Air Products under long-term agreements with customers.

Hydrogen is widely used in petroleum refining processes to remove impurities found in crude oil such as sulfur, olefins and aromatics to meet the product fuels specifications. Removing these components allows gasoline and diesel to burn cleaner and thus makes hydrogen a critical component in the production of cleaner fuels needed by modern, efficient internal combustion engines.

About Air Products
Air Products (NYSE: APD) provides atmospheric, process and specialty gases; performance materials; equipment; and technology. For over 70 years, the company has enabled customers to become more productive, energy efficient and sustainable. More than 20,000 employees in over 50 countries supply innovative solutions to the energy, environment and emerging markets. These include semiconductor materials, refinery hydrogen, coal gasification, natural gas liquefaction, and advanced coatings and adhesives. In fiscal 2012, Air Products had sales approaching $10 billion . For more information, visit http://www.airproducts.com/ .

About Technip
Technip is a world leader in project management, engineering and construction for the energy industry.

From the deepest Subsea oil & gas developments to the largest and most complex Offshore and Onshore infrastructures, Technip's 36,500 people are constantly offering the best solutions and most innovative technologies to meet the world's energy challenges.

Present in 48 countries, Technip has state-of-the-art industrial assets on all continents and operates a fleet of specialized vessels for pipeline installation and subsea construction.

The Technip share is listed on Euronext Paris exchange and the USA over-the-counter (OTC) market as an American Depositary Receipt (ADR: TKPPY).  For more information, visit www.technip.com .

NOTE: This release may contain 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 reasonable expectations and assumptions as of the date of this release regarding important risk factors. Actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors not anticipated by management, including risk factors described in the Company's Form 10K for its fiscal year ended September 30, 2012 .

SOURCE Air Products

Investors-Hangout-Stock-Message-Boards-thumbnail-2015.png

test123 kjk
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Gaine Expands Healthcare Data Solutions Ahead of HLTH 2026

Updated Category News Views 55

Ever felt like healthcare systems are still stuck in a bygone era, struggling with data flinging through the void? Well, Gaine Technology is throwing down its gauntlet to change that narrative. Successful in pharmaceuticals and life sciences, they're turbocharging their Consent and Preference Management solution across the vast, tangled web of healthcare markets just in...

Continue Reading
Biointron's RushDATA™: Speeding Up Antibody Discovery

Updated Category News Views 150

A New Chapter in Antibody Discovery Well, color me intrigued. Biointron, a name you'd recognize if you've got even a toe in the biotech pond, just threw a serious curveball into the antibody discovery game with RushDATA™—an AI- and machine learning-driven platform that's packing a punch. And it's not just about throwing tech buzzwords around; this thing clocks...

Continue Reading
Bernard Lancaster Steps Up as Mammoth's New President

Updated Category News Views 156

A New Era Under Bernard Lancaster at Mammoth Change is in the air for Mammoth Energy Services, as Bernard “Bernie” Lancaster takes the helm as President. His promotion on November 9, 2026, might not send shockwaves through Wall Street right away, but anyone holding an interest in NASDAQ:TUSK should take note. Lancaster's appointment is the kind of decision that...

Continue Reading
Microsoft's Cloud Misstep: Recovery Plans in Focus

Updated Category News Views 77

Microsoft's Stumble Puts CIOs on Alert Thursday's Microsoft 365 outage, a wrench in the works for every firm that ties its daily operations to these cloud services, has brought some harsh truths to the table. On November 12, outages hit users hard, preventing access to Exchange Online mailboxes and sending ripples through Teams, SharePoint, Copilot, and Defender. You...

Continue Reading
Longsys and Lexar Push Boundaries in Edge AI Storage

Updated Category News Views 124

Longsys and Lexar: A Revolution in Storage Ah, the tech world—it's like a fast-moving express train you just can't afford to miss. Longsys and its sidekick Lexar are in the spotlight this time, and boy, they've got some head-turning announcements. At electronica 2026 in Munich, they're playing the storage game hard. From industrial-grade mSSD to automotive solutions,...

Continue Reading
Worker.ai Acquires DeltaGen to Spice Up SMB Growth

Updated Category News Views 120

Betting Big on Small Business If you've ever run a small business, you know it can feel like a hamster wheel—more customers usually mean more headaches. But here comes Worker.ai, stepping onto the scene with big promises and a fancy new acquisition. They've scooped up DeltaGen—a mover in real-time AI tech—and launched a platform to hand these overworked owners a...

Continue Reading
Global Case Studies in Poverty Reduction Spotlighted

Updated Category News Views 103

A Fresh Spotlight on Poverty Reduction Efforts Amid the clamor of social and economic challenges, 126 stellar case studies of poverty reduction just took center stage at a seminar in Beijing. These admired initiatives emerged from the seventh global solicitation, chosen from a pile of 890 entries submitted by do-gooders and organizations spanning 31 countries. If you've...

Continue Reading
Odessa Water Overbilling Lawsuit Surges Ahead

Updated Category News Views 125

Full Steam Ahead for Odessa's Water Fight Odessa, a dust-blown Texas town, ain't giving up without a fight. The court just lit a fire under the efforts of 46,000 residents and businesses hollering about their water bills that seemed to skyrocket outta nowhere. This court ruling lets the class action against the City of Odessa and Performance Services—they're the folks...

Continue Reading
ACR Poker's $20M OSS: Stakes High on Sunday Action

Updated Category News Views 137

ACR Poker Takes the Spotlight with a Mammoth Sunday Sunday, November 15 is about to be a slugfest over at ACR Poker, as players gear up for an intense day of card-shuffling and betting. We’re looking at flights for all four headlining events of the Online Super Series (OSS) right alongside day two of The Quattro and an eye-popping WSOP Paradise Mega Satellite blowing...

Continue Reading
WeFetch AI: A New Era in Barcode Precision

Updated Category News Views 80

WeFetch AI: What's in a Name? Forget about GreenCore Solutions Corp. We're talking about WeFetch AI Corp. now. They've just changed their name, fulfilling a bureaucratic tick as of November 13, 2026. But it ain't just a name change; it's a whole new ballgame in AI-driven commerce. AI Shopping Without the Guesswork We've all been there. You think you've ordered that...

Continue Reading

Top 5 Most Recently Viewed Articles

Insider Trading Insights: CarGurus Board Member Activity

Updated Category News Views 197

Recent Insider Trading at CarGurus Recently, an important transaction caught the eye of market watchers. Board Member Greg Schwartz of CarGurus (NASDAQ:CARG) executed a significant sale of shares, a move reported in the latest SEC filing. This transaction highlights the need for investors to pay attention to insider trading activities when assessing potential investments....

Continue Reading
Investors Alert: Join the TMC Class Action Now Before Deadline

Updated Category News Views 228

Why Investors Should Act on TMC's Class Action Are you an investor in TMC the metals company Inc.? If you purchased securities between certain key dates, it’s crucial to pay attention. The Rosen Law Firm has been proactive in reminding investors about an important opportunity related to a class action lawsuit against TMC. This could directly affect your investment,...

Continue Reading
Atlas Engineered Products Sees 23% Revenue Growth in Q3 Results

Updated Category News Views 202

Atlas Engineered Products Financial Growth Overview Atlas Engineered Products (TSXV: AEP) recently reported its financial and operational results for the third quarter of 2025. The company showcased an impressive year-over-year revenue increase of 23% for Q3, bringing total revenues to approximately $20.3 million. The year-to-date figures also demonstrate a solid...

Continue Reading
Wall Street Analysts Adjust Westlake's Earnings Forecasts

Updated Category News Views 317

Wall Street Analysts Adjust Westlake's Earnings Forecasts Westlake Corporation (NYSE: WLK) is gearing up for the release of its much-anticipated fourth-quarter financial results. The announcement will take place before the market opens, and expectations are high among investors and analysts alike. Expected Earnings and Revenue Growth Analysts predict that Westlake will...

Continue Reading
MAA Declares Quarter Dividend for Preferred Stock Holders

Updated Category News Views 98

MAA Announces Quarterly Preferred Dividend Mid-America Apartment Communities, Inc., or MAA, has announced a regular quarterly dividend of $1.0625 per share for its 8.50% Series I Cumulative Redeemable Preferred Stock. This dividend payment reflects MAA's commitment to its shareholders and marks another step in maintaining shareholder value. Details of the Dividend Payment...

Continue Reading