Air Products and ACWA Holding awarded contract by Saudi Aramco

To Build, Own and Operate the World’s Largest Industrial Gas Complex

The Facility Will Supply 75,000 Metric Tons Per Day of Oxygen and Nitrogen to Saudi Aramco Refinery in Jazan for 20 Years

LEHIGH VALLEY, Pa. (April [13], 2015) - Air Products  (NYSE: APD) announced today that it has been awarded a contract by Saudi Aramco under a joint venture (JV) of Air Products and ACWA Holding to build, own, and operate the world’s largest industrial gas complex to supply 75,000 metric tons per day (20,000 oxygen and 55,000 nitrogen) to Saudi Aramco’s refinery being built in Jazan, Saudi Arabia for 20 years.

The industrial gas complex will be designed and built by Air Products using its proprietary technology.  Once built, this facility will be owned by a JV of Air Products (25%) and ACWA Holding (75%). 

“We at Air Products are very excited about being awarded this very significant project.  We consider it an honor and a privilege to use our proprietary technology to design and build the world’s largest industrial gas complex for an outstanding client and the largest company in the world, Saudi Aramco. We are very pleased that Saudi Aramco trusts Air Products and our partner ACWA Holding to economically and reliably supply the critical gases needed for its refinery in Jazan,” said Seifi Ghasemi, chairman, president and chief executive officer at Air Products.  “This award also demonstrates the value of our outstanding relationship with our partner in ACWA Holding, who has worked so closely with us to develop this great project.”

“We are proud and thrilled to be selected as the partner of choice by Saudi Aramco to develop this World Scale Industrial Gases Project. This mammoth undertaking complements the portfolio of power, water, renewable energy, district cooling, integrated waste and resource recovery projects of ACWA Holding, as the premier infrastructure developer in the region.  The partnership with Air Products, the world leader in the field, is further testimony to ACWA Holding’s superior capability to develop large and critical infrastructure projects in the Saudi Arabia and the region” said Mohamed Abunayan, ACWA Holding Chairman”