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Air Products expects to record a pre-tax charge not to exceed 3.1 billion dollars in its fiscal 2025 second quarter, primarily to write down assets and terminate contractual commitments.  (Source: Air Products)
Management Decision

Air Products to Exit Three Projects in the USA

Air Products has decided to exit three US-based projects including an agreement with World Energy for the development of a Sustainable Aviation Fuel expansion project in California, the construction of a 35 metric ton per day facility to produce green liquid hydrogen in New York, and a project in Texas for the production of carbon monoxide.

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Renewable methanol also known as sustainable methanol is produced from renewable sources such as sustainable biomass (bio-methanol) or by combining green hydrogen (hydrogen produced from renewable electricity) with captured carbon dioxide (e-methanol) rather than fossil fuels. (Source: Danicha - stock.adobe.com)
Decarbonization

The Time for Renewable Methanol is Now

Almost every sector around the world right from the chemical industry to the aviation industry are looking to decarbonize their operations. New technologies and even sustainable alternatives are being explored for this purpose. Renewable methanol or sustainable methanol is just one of these many new solutions that aims to slash and even eliminate carbon emissions for these sectors.

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