2024-07-18 09:17:12 ET
Summary
- Air Products is shifting towards clean hydrogen energy, divesting traditional energy assets, and leading in hydrogen production.
- The company is investing heavily in hydrogen infrastructure and projects worldwide to drive the global shift to hydrogen.
- Despite promising prospects, there are risks such as regulatory uncertainties, technology risks, and intense competition in the hydrogen industry.
Investment Thesis
Air Products (NYSE: APD ) is the global leader in providing industrial gases and process technologies to over 30 industries. APD products cover the production and supply of gases such as atmospheric and process gases (hydrogen, Helium, and Carbon monoxide). In recent years, APD is in the active process of shifting to clean hydrogen energy at scale while divesting its traditional energy, as indicated by its recent sales of the LNG business unit for $1.8 billion....
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Air Products and Chemicals: Shifting To Hydrogen Is Forward-Looking But Risky