Key Developments: Air Products and Chemicals Inc (APD)

APD on New York Consolidated

134.01USD
19 Sep 2014
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Latest Key Developments (Source: Significant Developments)

Air Products and Chemicals Inc and SIRE sign liquid CO2 agreement for Iowa facility
Tuesday, 17 Dec 2013 11:30am EST 

Air Products and Chemicals Inc:Says the signing of a long-term agreement for the production of liquid CO2 with Southwest Iowa Renewable Energy, LLC (SIRE).Says it will build a facility to produce 400 tons per day (tpd) of liquid CO2 at SIRE's established ethanol production facility in Council Bluffs, Iowa.Says it will market food and beverage-grade liquid CO2 from the new plant that is expected to begin production in early 2014.  Full Article

Air Products and Chemicals Inc Declares Quarterly Dividend
Thursday, 21 Nov 2013 05:01pm EST 

Air Products and Chemicals Inc announced that the Board of Directors of Air Products declared a quarterly dividend of $0.71 per share of common stock. The dividend is payable on February 10, 2014 to shareholders of record at the close of business on January 2, 2014.  Full Article

Air Products and Chemicals Inc Issues Q1, FY 2014 EPS Guidance Below Analysts' Estimates
Tuesday, 29 Oct 2013 06:00am EDT 

Air Products and Chemicals Inc announced that it expects first quarter 2014 EPS from continuing operations to be between $1.30 and $1.35 per share. The Company's guidance for continuing operations for fiscal 2014 is a range of $5.70 to $5.90 per share (EPS). According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $1.46 for the first quarter of 2014 and EPS of $6.04 for fiscal 2014.  Full Article

Air Products and Chemicals Inc Secures Canada Hydrogen Supply Contract From North West
Thursday, 24 Oct 2013 01:30pm EDT 

Air Products and Chemicals Inc and its subsidiary Air Products Canada Ltd., announced that the signing of a long-term agreement to supply North West Redwater Partnership with approximately 25 million standard cubic feet per day (MMSCFD) of hydrogen for North West's Sturgeon Refinery near Edmonton, Alberta, Canada. The hydrogen supply to North West will come both from the recently announced new world-scale hydrogen production plant Air Products Canada will build in Scotford, Canada, and from Air Products Canada's existing Heartland Hydrogen Pipeline. The hydrogen supply to North West is expected to begin in 2016, soon after commercialization of the new Scotford plant.  Full Article

Air Products and Chemicals Inc Wins Bharat Petroleum Supply Contract for Hydrogen and Other Gases
Thursday, 3 Oct 2013 01:35pm EDT 

Air Products and Chemicals Inc announced it has signed a long-term agreement with Bharat Petroleum Corporation Limited and will build, own, and operate several new industrial gas production facilities in Kochi, Kerala, India. The new industrial gas complex will provide hydrogen, syngas, nitrogen and oxygen for BPCL's Kochi Refinery and its proposed petrochemicals complex. A phased onstream for the products supplied to BPCL's Kochi Refinery targets late 2015 for the initial supply of gases. The new facilities will supply industrial gases to BPCL's Kochi Refinery, which is currently undergoing a $2.6 billion integrated expansion project that will increase its crude refining capacity to 15.5 million metric tons per annum (approximately 310,000 barrels per day). Under the agreement, Air Products will provide an innovative combination of the following plant technologies: two steam methane reformer (SMR) trains combining to produce approximately 16.4 tonnes per hour of hydrogen to be used in the production of cleaner burning transportation fuels and petrochemicals; a cryogenic syngas purification system to produce syngas, a mixture of purified hydrogen and carbon monoxide; steam generated from Air Products' units for BPCL's manufacturing process.  Full Article

Air Products and Chemicals Inc Declares Quarterly Dividend
Thursday, 19 Sep 2013 04:53pm EDT 

Air Products and Chemicals Inc announced that it has declared a quarterly dividend of $0.71 per share of common stock. The dividend is payable on November 12, 2013 to shareholders of record at the close of business on October 1, 2013.  Full Article

Air Products and Chemicals Inc To Supply LNG Technology And Equipment To Technip For China Plant
Wednesday, 7 Aug 2013 10:00am EDT 

Air Products and Chemicals Inc announced it has signed an agreement to supply liquefied natural gas (LNG) process technology and equipment to Technip for a mid-scale LNG project in the Yangling Demonstration Area, ShaanXi Province, China. Air Products technology and equipment is targeted for completion in 2014. Under the agreement, Air Products' single mixed refrigerant process technology, as well as the engineering, design and manufacturing of the heat exchanger equipment for the liquefaction section, will be supplied for the LNG plant. The liquefaction process at this site will use Air Products' coil wound main cryogenic heat exchanger technology.  Full Article

Pershing Square Capital Management LP Acquires 9.8% Stake In Air Products and Chemicals Inc-NYT
Wednesday, 31 Jul 2013 08:45am EDT 

The New York Times reported that Mr. Ackman’s firm, Pershing Square Capital Management LP, says it has acquired a 9.8% stake, in Air Products and Chemicals Inc valued at $2.2 billion.  Full Article

Air Products and Chemicals Inc Issues Q4 2013 EPS Guidance In Line With Analysts' Estimates; Narrows FY 2013 EPS Guidance
Tuesday, 23 Jul 2013 06:00am EDT 

Air Products and Chemicals Inc announced that for fourth quarter of 2013, it expects adjusted earnings per share (EPS) from continuing operations to be between $1.44 and $1.50 per share. The company's adjusted guidance for continuing operations for fiscal 2013 is in a range of $5.47 to $5.53 per share. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $1.47 for fourth quarter of 2013 and EPS of $5.50 for fiscal 2013.  Full Article

Air Products and Chemicals Inc Declares Quarterly Dividend
Thursday, 16 May 2013 02:05pm EDT 

Air Products and Chemicals Inc announced that it has declared a quarterly dividend of 71 cents per share of common stock. The dividend is payable on August 12, 2013 to shareholders of record at the close of business on July 1, 2013.  Full Article

UPDATE 1-Pershing Square Holdings fund up 27.2 pct YTD through July

BOSTON, Aug 4 - Billionaire investor William Ackman's Pershing Square Holdings has risen 27.2 percent this year, according to an investor in the fund, after extending its gains modestly last month when many hedge fund managers suffered losses.

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