Air Products extends its presence in Cleveland through the establishment of a new ASU
Air Products Expands Operations in Cleveland, Ohio
Air Products, a leading industrial gas company, has announced the commissioning of a new air separation unit (ASU) in Cleveland, Ohio. This move is part of the company's strategic growth plan in the Great Lakes region.
The new ASU will supply oxygen, nitrogen, and argon to a diverse customer base in the regional area. It is also expected to deliver capacity into an important merchant market, contributing to the region's industrial gas market's projected revenue of around $3.99bn in 2024.
Air Products' Cleveland operations have been a significant part of the company's strength in production and supply from its base industrial gas business. The company has been operating in Cleveland since the 1960s, and this new ASU is a testament to its continued commitment to the region.
In addition to the new ASU, Air Products is also reinvesting at the same location in Cleveland. This reinvestment includes the extension of the life of a liquefaction plant, further strengthening the company's presence in the region.
Under a long-term contract, the new ASU will supply products to an on-site customer, although the name of the customer remains undisclosed. Additional products from the new ASU will also be sold to the regional merchant market.
It is important to note that the new ASU and the reinvestment activities are separate projects. This expansion is a significant step forward for Air Products, as it ranks as the second-largest industrial gas company in the Great Lakes region according to gasworld Intelligence.
The new ASU in Cleveland is set to play a crucial role in serving the industrial needs of the region, reinforcing Air Products' position as a reliable supplier of industrial gases. The company's operations in Cleveland, Ohio, are a shining example of its commitment to sustainable growth and continuous improvement.
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