Air Products & Chemicals Inc (FRA:AP3)
€ 233.5 0.7 (0.3%) Market Cap: 51.67 Bil Enterprise Value: 62.46 Bil PE Ratio: 22.61 PB Ratio: 3.73 GF Score: 84/100

Air Products and Chemicals Inc at BMO Capital Markets Growth & ESG Conference (Virtual) Transcript

Dec 08, 2020 / 01:00PM GMT
Release Date Price: €222 (-1.77%)
John Patrick McNulty
BMO Capital Markets Equity Research - Analyst

Thanks very much, Dan. Look, for our first presentation today at BMO's Growth and ESG Conference, we couldn't have a more fitting company to kick things off for us than Air Products.

Now Air products is an industrial gas company that made a huge splash earlier this year with its announcement of a $7 billion green hydrogen project, the largest in the world by far. Now this project, which will facilitate the production and transportation of green ammonia and hydrogen as well as potentially to eliminate 3 million tons of CO2 emissions per year, or the equivalent emissions of 700,000 cars, this is a really big deal. It's an exciting first-of-its-kind type of project, and it exemplifies Air Products' stated higher purpose of bringing people together to collaborate and innovate solutions to the world's most significant energy and environmentally stability-type challenges.

And equally important, Air Products knows that ESG begins at home. And as such, they are committed to reducing their own carbon footprint by 1/3 by 2030

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