Air Products’ Nitrogen Recovery Unit Equipment Selected for ExxonMobil Texas Project

Wednesday, Feb 17, 2010

LEHIGH VALLEY, Pa., Feb. 16 /PRNewswire-FirstCall/ — Air Products (NYSE: APD) today announced that it will provide its nitrogen recovery unit (NRU) and cryogenic gas processing equipment for an ExxonMobil project in Hawkins, Tex. The new NRU plant will be operated by ExxonMobil and will process approximately 140 million standard cubic feet per day of gas. The unit will recover natural gas for pipeline sale and produce nitrogen for re-injection into the reservoir to enable enhanced oil and gas recovery.

Air Products will deliver the NRU plant equipment in late 2010, with operations at Hawkins targeted to commence in late 2011.

“Air Products is very pleased to have been selected by ExxonMobil for this important project. With global energy demand increasing, we believe that our technologies provide solutions for enhanced oil recovery projects. We look forward to further demonstrating the benefits Air Products delivers to the energy industry,” said Tom Mutchler, general manager, Worldwide Equipment for Air Products.

Air Products has been supplying gases and equipment to the enhanced oil recovery industry for nearly 50 years and has extensive experience in both nitrogen rejection and nitrogen injection. Air Products, which commissioned its first NRU in 1962, is the world leader with its NRUs having processed the most nitrogen rich natural gas with both fixed and variable content nitrogen. In 2008, Air Products commissioned a large nitrogen injection facility in Mexico for enhanced oil recovery with joint venture partner CryoInfra. The Mexico project was delivered on time and has exceeded the design performance criteria. Air Products also has broad natural gas processing experience through its NRUs, its liquefied natural gas heat exchanger business, and helium recovery interests around the world.

More information on Air Products’ NRU experience and capabilities is at www.airproducts.com/EnhancedOilandGasRecovery.

Air Products (NYSE:APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. In fiscal 2009, Air Products had revenues of $8.3 billion, operations in over 40 countries, and 18,900 employees around the globe. For more information, visit www.airproducts.com.

***NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.

Source: PR Newswire