3rd time is a charm - best opportunity to date, page-7

What a tie up this can lead to
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What’s Aiding APD?

Air Products is benefiting from its investments in high-return projects, project wins and productivity actions. It is well-placed for growth on the back of its project investments. The company remains committed to execute its growth projects including the $7-billion carbon-free hydrogen project in Saudi Arabia and the $2-billion coal-to-methanol project in Indonesia.

Air Products, in May 2020, inked a deal to invest roughly $2 billion for a world-scale coal-to-methanol manufacturing facility in East Kalimantan, Indonesia. The company will develop, own and operate the air separation, gasification, syngas clean-up, utilities and methanol production assets to manufacture methanol. The investment is in sync with Air Products’ long-term plan to deploy capital into high-return industrial gas projects.