Air Products, a leading global industrial gases company, has confirmed its withdrawal from coal gasification projects in Indonesia.
The decision aligns with the company’s strategic focus on hydrogen and its commitment to environmental sustainability. By exiting these projects, Air Products aims to concentrate its resources on developing and expanding its hydrogen-based clean energy solutions.
The company’s decision to withdraw from the coal gasification projects underscores its dedication to environmental responsibility and meeting global climate goals. Air Products has been working on various hydrogen projects worldwide, including producing green hydrogen through electrolysis, and collaborating with partners to develop hydrogen fueling stations and hydrogen-powered vehicles.
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“The financial landscape for blue and green hydrogen projects has significantly changed in the last year, driving increasing opportunities for Air Products to invest in these energy transition projects around the world. As a result, the company has decided to redeploy its financial resources on such energy transition opportunities,” the company said
