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Monsanto Wins New Contract – Analyst Blog

Zacks Market Commentaries (October 26th, 2009) Writes:
Monsanto Company (MON) has signed a long-term supply contract with Air Products (APD), the leading global hydrogen provider. According to the contract, Air Products will build a new world-scale hydrogen production plant to be located at Monsanto's Luling, Louisiana, Roundup facility. The new hydrogen plant is scheduled to be on-stream in Jan 2012.  Air Products will build a steam methane reformer (SMR) producing over 100 million standard cubic feet per day (MMSCFD) of hydrogen. The SMR will be connected to Air Products' East Gulf Coast pipeline network, which supplies refineries with hydrogen needed to make cleaner burning transportation fuels, in addition to meeting the hydrogen needs of the local petrochemical industry. In addition, the facility will produce additional hydrogen via a clean-up of a hydrogen-rich off-gas feed coming from Monsanto. Monsanto will use steam from Air Products' SMR process to benefit its Roundup production plant. ...

MarkWest Sells Hydrogen Plant – Analyst Blog

Zacks Market Commentaries (September 3rd, 2009) Writes:
This week, natural gas pipeline operator MarkWest Energy Partners LP (MWE) completed the sale of its under-construction hydrogen facility in Texas to Air Products and Chemicals Inc. (APD), a leading global hydrogen provider. Air Products agreed to pay approximately $73.1 million for the steam methane reformer (SMR) hydrogen facility currently being constructed at MarkWest’s Javelina processing facility in Corpus Christi, Texas. As per the terms of the deal, Air Products will complete the construction of the SMR, which is expected to start operations in March 2010. In addition to the purchase and sale agreement, the companies entered into a long-term supply contract whereby Air Products will provide hydrogen and steam to MarkWest. MarkWest will take hydrogen produced by the SMR facility (expected to be over 30 million cubic feet per day), combine it with the partnership’s existing production capabilities at the Javelina plant and then ...

APD Buys New Hydrogen Plant – Analyst Blog

Zacks Market Commentaries (September 2nd, 2009) Writes:
Air Products (APD) acquired a new steam methane reformer (SMR) hydrogen facility from MarkWest Energy Partners L.P. (MWE). The facility, which is under construction, is in Corpus Christi, Texas. The company did not disclose the financial details of the transaction.   This acquisition further reinforces Air Products’ position as a leading hydrogen provider in the U.S. Gulf Coast. The company said that the new facility, which is expected to be operational in March 2010, will produce over 30 million standard cubic feet per day. It will be owned and operated by Air Products.   The companies also signed a separate long-term supply agreement whereby Air Products will provide hydrogen and steam to MarkWest.   Earlier this year, Air Products strengthened its U.S. Gulf Coast hydrogen pipeline network with the successful completion of a pipeline connection across Lake Pontchartrain. The company said that this enhances the supply reliability ...

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