Air Products commits another $4bn to transition

Firm eyes further opportunities in hydrogen and carbon capture as it raises transition spending to $15bn through 2027

US industrial gases and chemicals company Air Products has pledged to ramp up its spending on low-carbon hydrogen and other transition technologies with an extra $4bn of new capital over the next five years. The increased commitment to the transition, outlined to investors this week, takes the company’s total spend to $15bn through 2027, with $11bn already earmarked for clean hydrogen projects. Air Products claims to be the world’s largest hydrogen producer. “We continue to see significant opportunities for hydrogen and carbon-capture technologies, and our industry-leading $15bn commitment is further demonstration of sustainability being at the heart of our business and growth,” says CEO Sei