Air Products Proudly Launches Female Engineers & Technical Associates (FETA) - an Innovative Female Development Program - in the Kingdom of Saudi Arabia - Seite 3

Air Products also is developing industrial gases megaprojects along with strategic joint venture partners in the region. In October 2021, Air Products announced the completion of the asset acquisition and project financing transactions (Phase I) for the ~$12 billion air separation unit/gasification/power joint venture with Aramco, ACWA Power and Air Products Qudra at Jazan, Saudi Arabia.

In conjunction with ACWA Power and NEOM, Air Products is also building a multi-billion-dollar world-scale green hydrogen-based ammonia production facility powered by renewable energy. Located in NEOM in the northwest corner of the Kingdom of Saudi Arabia, the facility will produce hydrogen to be synthesized into carbon-free ammonia for export exclusively by Air Products to global markets.

These projects are aligned with Air Products' higher purpose, which is to bring people together to collaborate and innovate solutions to some of the world's most significant energy and environmental challenges and support global customers in a sustainable way.

NOTE: Cautionary Note Regarding Forward-Looking Statements: This release contains "forward-looking statements" within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's expectations and assumptions as of the date of this release and are not guarantees of future performance.  While forward-looking statements are made in good faith and based on assumptions, expectations and projections that management believes are reasonable based on currently available information, actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors, including risk factors described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2021.  Except as required by law, we disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in the assumptions, beliefs or expectations or any change in events, conditions or circumstances upon which any such forward-looking statements are based.

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