Air Products Proudly Launches – GuruFocus.com

Official launch of the program in the presence of the Prince of the Eastern Province, His Royal Highness the Prince Saud bin Nayef bin Abdulaziz Al Saud

DAMMAM, Kingdom of Saudi Arabia, May 25, 2022 /PRNewswire/ — Air Products (NYSE: ODA, Financial), a global leader in industrial gases, today launched Female Engineers & Technical Associates (FETA), a unique program to enable the career progression and development of the next generation of female talent in the Kingdom of Saudi Arabia.

Launched in the presence of the Prince of the Eastern Province, His Royal Highness the Prince Saud bin Nayef bin Abdulaziz Al Saud; honored guests from the Ministry of Human Resources and Social Development (MOHR); and the Saudi Council of Engineers (SCE); the event officially welcomed and congratulated the first women to join the program.

Program participants will experience a range of tailored job rotations, hands-on learning as well as professional and technical development opportunities within Air Products, a company that delivers and executes groundbreaking industrial gas projects globally. that will literally and figuratively energize and change the world for future generations.

Commenting on the launch, Dr. Samir J.SerhanChief Operating Officer of Air Products, said, “Through FETA, we are opening a new learning path for female engineers and technicians. This program will help shape their future as they join a leading industrial gases company, working on some of the most innovative and forward-looking projects of our time – projects that are making history by helping to solve major energy and environmental challenges. I’m thrilled to be part of another way Air Products is empowering women and helping the Kingdom make Vision 2030 a reality.”

“The National Transformation Agenda 2020 will accelerate the empowerment of women and strengthen their position in society. We are happy to support the launch of FETA, which is part of the Saudi Arabia Vision 2030 and the advancement of women in leadership roles,” added Fahad Saad Alzuabi, Resettlement Program Manager in Eastern Province.

“One of the goals of the Saudi Council Engineers is to support the Saudi Female Engineers and Technician Associates (FETA) program. SCE plans to offer engineering training programs and initiatives to Saudi female talent and reaffirm the skills and existing knowledge among the trainees and increase their This will also give them the opportunity to be competitive and have better access to the engineering sector.We believe that Saudi female engineers will play an important role in realizing the vision 2030,” commented Abdulnasser Saif Al-AbdullatefSecretary General of the Saudi Council of Engineers (SCE).

Along with the launch of FETA, Air Products is also delighted to announce its latest investment and commitment to the Kingdom and Vision 2030, by making a financial contribution to Education For Employment, the leading non-profit organization connecting young people across Middle East and North Africa to the world of work. EFE attaches particular importance to the social and economic inclusion of women in Saudi Arabia and across the MENA region to help fill the huge jobs gap, where one in four young people cannot find a job.

About Air Products

Air products (NYSE: ODA, Financial) is a global leader in industrial gases in business for over 80 years. Focused on serving energy, environment and emerging markets, the company provides critical industrial gases, related equipment and application expertise to customers in dozens of industries, including refining, chemical , metals, electronics, manufacturing, and food and beverage. Air Products is also the world’s leading supplier of liquefied natural gas processing technology and equipment. The Company develops, designs, constructs, owns and operates some of the largest industrial gas projects in the world, including: gasification projects that sustainably convert abundant natural resources into syngas for the generation of electricity, high-value fuels and chemicals; carbon capture projects; and low- and zero-carbon hydrogen projects globally supporting global transportation and energy transition.

During the 2021 financial year, the Company achieved a turnover of $10.3 billion operations in over 50 countries and has a current market capitalization of approximately $55 billion. More than 20,000 passionate, talented, and committed employees from diverse backgrounds are driven by Air Products’ overarching goal of creating innovative solutions that benefit the environment, improve sustainability, and solve customer challenges, communities and the world. For more information, visit www.airproducts.com or follow us on LinkedIn, TwitterFacebook or Instagram.

About Air Products Middle East

Air Products is present in the Middle East for more than 50 years through a combination of wholly owned businesses and joint venture partnerships. The company has built, owns and operates several air separation units and hydrogen production plants throughout the region and is a provider of cryogenic liquefied natural gas technology for Oman and the rest of the Gulf Cooperation Council. Recently, Air Products further strengthened its industrial gases business in the United Arab Emirates, acquiring additional liquid bulk, packaged gases and specialty gases, as well as a majority stake in a liquid carbon dioxide production plant in Bahrain.

Air Products is also developing industrial gas megaprojects with strategic joint venture partners in the region. In October 2021Air Products announced the completion of 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 in Jazan, Saudi Arabia.

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

These projects are aligned with Air Products’ overarching purpose, which is to bring people together to collaborate and find innovative solutions to some of the world’s most important energy and environmental challenges and support global customers in a sustainable way.

NOTE: Caution Regarding Forward-Looking Statements: This release contains “forward-looking statements” under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the expectations and assumptions of the direction as of the date of this release and are not guarantees of future performance. Although forward-looking statements are made in good faith and are 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 the projections and estimates expressed in forward-looking statements due to many factors, including the risk factors described in our Annual Report on Form 10-K for the fiscal year ended September 302021. 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 assumptions, beliefs or expectations or any change in events, conditions or circumstances upon which such forward-looking statements are based.

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SOURCE Air Products

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