Air Products & Chemicals Inc. (APD) is the official hydrogen fueler for the ride-n-drive demonstration events at the ongoing World Hydrogen Energy Conference 2012 in Toronto, Canada. The Pennsylvania-based company is offering its hydrogen fueling technology to fuel hydrogen fuel cell vehicles of the automobile makers taking part in the event.
Events like ride-n-drive are ideal gateway for people to get hands-on experience of driving hydrogen fuel cell vehicle and realize the potential of this novel technology. Air Products’ mobile hydrogen fueling technology is a perfect fit for the event.
The mobile hydrogen fueling technology, a part of the company’s global hydrogen fueling technology portfolio, offers fuel storage and dispensing and can be moved between locations, providing short and long-term fueling needs.
The mobile hydrogen fueler, which can be monitored remotely, has been geared to provide daily, uninterrupted hydrogen fueling availability. The company has 20 mobile fuelers, in aggregate, at various locations in North America.
Air Products has set up over 150 hydrogen fueling stations in the U.S. and in 19 countries globally. Its hydrogen fueling technology has wide application with over 370,000 hydrogen fills used annually. Air Products’ technology includes over 50 patents in hydrogen dispensing technology. The company supplies liquid and gaseous hydrogen as well as a portfolio of infrastructure solutions.
Air Products has catered to a number of mass transit industries and has also established itself as a global supplier of reliable fueling systems. The company, in May 2012, officially dedicated its new hydrogen fueling station in Flint, Michigan. It will be providing fuel that will be utilized for mass transit while ensuring zero emission.
Air Products offers industrial gases as well as a variety of polymer and performance chemicals and serves technology, energy, industrial and health care customers globally. The company benefits from a long-term take-or-pay contract, a consolidated industry structure, diverse customer base and sustained pricing power. However, soaring energy and raw material costs pose a threat to margin expansion.
Air Products, which competes with Praxair Inc. (PX), currently retains a short-term Zacks #4 Rank (Sell). We have a long-term Neutral recommendation on the stock.
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