Air Products and Samsung Engineering Secure ASU Win in Saudi Arabia

Tuesday, Sep 22, 2009

LEHIGH VALLEY, Pa., Sept. 21 /PRNewswire-FirstCall/ — Air Products (NYSE: APD) , working with Samsung Engineering, announced today that it has secured a contract for an air separation unit (ASU) to supply National Industrial Gases Co. (NIGC), a subsidiary of Saudi Basic Industries Corporation (SABIC). The ASU will produce 3,550 tons per day (TPD) of oxygen, 3,600 TPD of nitrogen, and 150 TPD of argon. It will be located at NIGC’s facility in Al Jubail, Saudi Arabia, and is to be on-stream in 2011.

“We are very proud to have won this contract with Samsung Engineering. It demonstrates a novel approach, by combining Air Products’ ability to design large-scale ASUs, with the engineering and construction expertise of Samsung Engineering. This project is another milestone demonstrating our industrial gas facility capabilities, as the ASU will be the largest-ever cold box system designed, fabricated, and shipped by Air Products,” said David J. Taylor, vice president – Energy Businesses at Air Products. Taylor also noted the arrangement both strengthens Air Products’ existing relationship with NIGC and SABIC, and regionally as the Al Jubail Phase 8 ASU is the most recent in a series of Middle East projects for Air Products.

Air Products built the first ever ASU in the Middle East in the 1950s and has 50 years of experience satisfying industrial gas customers in the region. The company’s Middle East operation is headquartered in Doha, Qatar. Regional business activity has accelerated in recent years with multiple industries requiring ASUs and hydrogen production plants.

Additionally, Air Products continues to build on a long-standing relationship with Abdullah Hashim Group, most recently via joint ventures that brought on-stream new ASU and hydrogen production facilities for Emirates Float Glass Company in Abu Dhabi, United Arab Emirates. The Abdullah Hashim Group and Air Products partnership is also building two new air separation units for Shadeed Iron & Steel’s production plant in the Sohar Industrial Port of Oman.

About Air Products

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. Air Products had fiscal 2008 revenues of $10.4 billion, operations in over 40 countries, and 21,000 employees around the globe. For more information, visit www.airproducts.com.

About Samsung Engineering

Samsung Engineering Co., Ltd. (SECL) is the first and largest Korean engineering company, specializing in engineering, procurement and construction (EPC) of hydrocarbon, industrial, environmental and infrastructure plants and/or facilities on a turn-key basis in worldwide markets.

  --  Provides full range of engineering services including design,
      procurement, construction, facility operation, and management.
  --  In the fields of petrochemical plants, refineries, gas plants,
      fertilizer plants, power plants, electronics/food/automobile plants,
      IT, steel mills, LNG, wastewater treatment, disposal of waste
      materials, railway and infrastructure.

With a total of 4,100 employees worldwide, we have an established presence in worldwide markets in the Middle East, Europe, Asia and the Americas.

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

Source: PR Newswire