Air Products To Build, Own And Operate Two New Air Separation Units At Its Facilities In Georgia And North Carolina
Portfolio Pulse from Benzinga Newsdesk
Air Products (NYSE:APD) announced plans to build, own, and operate two new air separation units (ASUs) at its facilities in Georgia and North Carolina. These units aim to improve productivity, sustainability, and operational flexibility, and are expected to be operational by 2026.
July 17, 2024 | 2:05 pm
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Air Products is set to build two new air separation units in Georgia and North Carolina, enhancing productivity, sustainability, and operational flexibility. The new units will replace older ones and are expected to be operational by 2026.
The construction of new ASUs will likely improve Air Products' operational efficiency and capacity, which can lead to increased revenues and market share in the industrial gases sector. The focus on sustainability also aligns with current market trends, potentially attracting more investors.
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