Air Products Unveils State-of-the-Art Hydrogen Fueling Station in Ulsan City, South Korea
Key Ideas
  • Air Products inaugurated a cutting-edge hydrogen fueling station at its Ulsan City facility as part of South Korea's hydrogen economy roadmap.
  • The station, backed by the government's subsidy program, highlights Air Products' commitment to Ulsan, a key hub for the country's hydrogen industry.
  • The company's optimistic growth strategy focuses on energy and environmental solutions, with a strong emphasis on gasification, carbon capture, and hydrogen for mobility.
  • Despite economic uncertainties, Air Products remains bullish on investing in strategic opportunities for sustainable growth, as shown by its long-standing support for hydrogen projects.
Air Products and Chemicals, Inc. has unveiled a new hydrogen fueling station at its industrial gases facility in Ulsan City, South Korea. This station, the first being built and operated by the private sector under the South Korea government's subsidy program, showcases Air Products' state-of-the-art hydrogen fueling technology. Ulsan City is a crucial part of South Korea's hydrogen industry hub and one of the three pilot cities in the national hydrogen economy roadmap. Air Products has been a key player in South Korea, supporting hydrogen projects for over a decade. Ulsan is recognized as the largest city for hydrogen production and distribution in South Korea, with a focus on hydrogen-mobility development. Air Products expressed optimism in its first-quarter fiscal 2021 call, emphasizing its commitment to delivering innovative solutions for energy and environmental challenges. The company sees significant growth opportunities in areas like gasification, carbon capture, and hydrogen for mobility. Despite a Zacks Rank #4 (Sell), Air Products is positive about its long-term growth prospects and remains dedicated to investing in sustainable solutions for the future.
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