Air Products Qudra signs agreement with ENOWA to build, own and operate NEOM first hydrogen fueling station.
Air Products Qudra announced it has signed an agreement with ENOWA, NEOM’s Energy, Water and Hydrogen subsidiary, to build, own and operate NEOM’s first hydrogen fueling station, providing critical infrastructure for NEOM’s sustainability goals.
The initiative will help to decarbonize heavy modes of transport in NEOM, covering buses and heavy-duty trucks. Groundwork for the hydrogen fueling station is scheduled to commence second half of 2023.
Ebubekir Koyuncu, Air Products Qudra’s Chief Executive Officer, said:
We look forward to contributing our world-leading hydrogen expertise and fueling technology in support of NEOM’s decarbonization goals.
“Producing and distributing clean hydrogen energy solutions for use in heavy-duty fuel cell vehicles, as well as industrial applications and energy storage, is part of our DNA.”
Peter Terium, CEO of ENOWA, said:
ENOWA is committed to combating climate change and reducing CO2 emissions through green hydrogen.
“Therefore, we are delighted to partner with Air Products Qudra in providing hydrogen-powered mobility solutions. Jointly we accelerate innovations in clean technologies fueled by green hydrogen, and we contribute to hydrogen mobility markets and a sustainable future of global decarbonization,”
Air Products Qudra is the development and investment company of Air Products in the Middle East with Qudra Energy as the joint venture partner, a subsidiary of Vision Invest. Air Products Qudra’s mission is to generate a cleaner future, and that involves experience, technology, and innovation on a world scale. Air Products Qudra is the leading sustainability partner in the Middle East, supporting countries to achieve their industrial and net-zero targets.
About Air Products
Air Products (NYSE:APD) is a world-leading industrial gases company in operation for over 80 years focused on serving energy, environmental, and emerging markets. The Company has two growth pillars driven by sustainability. Air Products’ base business provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, and food.
The Company also develops, engineers, builds, owns and operates some of the world’s largest industrial gas and carbon-capture projects, supplying world-scale clean hydrogen for global transportation, industrial markets, and the broader energy transition. Additionally, Air Products is the world leader in the supply of liquefied natural gas process technology and equipment, and globally provides turbomachinery, membrane systems and cryogenic containers.
The Company had fiscal 2022 sales of $12.7 billion from operations in over 50 countries and has a current market capitalization of about $65 billion. More than 21,000 passionate, talented and committed employees from diverse backgrounds are driven by Air Products’ higher purpose to create innovative solutions that benefit the environment, enhance sustainability and reimagine what’s possible to address the challenges facing customers, communities, and the world..
For more information, visit www.airproducts.com or follow us on LinkedIn, Twitter, Facebook or Instagram.
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Air Products Qudra Signs Agreement with ENOWA to Build, Own and Operate NEOM’s First Hydrogen Fueling Station, LEHIGH VALLEY, Pa., March 19, 2023
