Mozambique to Become 20th Country Worldwide Using Air Products’ Proprietary LNG Technology
Air Products (NYSE: APD), the world’s leader in liquefied natural gas (LNG) technology and equipment, today announced an agreement with TP JGC Coral France for the supply of its proprietary cryogenic coil wound heat exchanger technology and the liquefaction process license for a floating liquefied natural gas (FLNG) facility to be located in the Indian Ocean, offshore Mozambique, Africa.
The FLNG facility being built by TP JGC Coral France, an incorporated joint venture formed by TechnipFMC and JGC Corporation, along with Samsung Heavy Industries, will utilize Air Products’ dual mixed refrigerant process. The liquefaction capacity will be 3.4 million tons per annum. The FLNG plant will be moored and operate on the surface above 6,500 feet of water in the Indian Ocean, in a natural gas field known as Area 4 of the Coral Field.
“Air Products is very pleased to be involved with a few more firsts in our work with the global LNG industry. The Coral South LNG Project is Air Products’ first time providing our proprietary LNG technology in Mozambique, and it will also be the first deep-water FLNG project for Africa. We believe our involvement with other FLNG efforts in different parts of the world gives us unparalleled experience in the floating LNG market,” said Dr. Samir J. Serhan, executive vice president at Air Products. Dr. Serhan added that the Mozambique FLNG location will be the 20th country in which Air Products’ LNG technology has been deployed around the globe.
Air Products’ proprietary technology, vital to helping meet the world’s increasing energy needs and desire for clean energy, processes and cryogenically liquefies valuable natural gas for consumer and industrial use. Air Products has manufactured LNG heat exchangers for over 45 years. Typically, an LNG heat exchanger can be as large as over 15 feet in diameter and 180 feet long, or about two-thirds of the size of a football field. A finished unit can weigh as much as 500 tons. To date, over 115 large coil wound heat exchangers have been deployed by Air Products at LNG facilities throughout the world.
Air Products’ LNG process technology and equipment is the heart of an LNG production plant. The technology, in place at some of the most remote locations around the world, takes natural gas and unlocks its value by liquefying it and making it possible to economically ship it around the world. The LNG is eventually re-gasified for energy use.
A majority of total worldwide LNG is produced with Air Products’ technology. In support of the LNG industry, Air Products provides process technology and key equipment for the natural gas liquefaction process for large export plants, small and mid-sized LNG plants, floating LNG plants and LNG peak shavers. Upstream, Air Products provides both nitrogen and natural gas dehydration membrane systems for offshore platforms. Downstream, Air Products provides membrane nitrogen generators for LNG carriers, and land-based membrane and cryogenic nitrogen systems for LNG import terminals and base-load LNG plants.
About Air Products
Air Products (NYSE: APD) is a world-leading Industrial Gases company in operation for over 75 years. The Company’s core industrial gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. Air Products is also the world’s leading supplier of liquefied natural gas process technology and equipment.
The Company had fiscal 2016 sales of $7.5 billion from continuing operations in 50 countries and has a current market capitalization of approximately $30 billion. Approximately 16,000 employees are making Air Products the world’s safest and best performing industrial gases company, providing sustainable offerings and excellent service to all customers. For more information, visit www.airproducts.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, 2016.