NYSE:APDChemicals
How Air Products' Clean Hydrogen Project Exit and NEOM Ammonia Deal Will Impact Air Products and Chemicals (APD) Investors
In late June 2026, Air Products announced it would exit the Louisiana Clean Energy Complex and several other clean hydrogen projects, incurring up to US$2.90 billion in pre-tax charges, while Yara International separately said it is finalizing a global marketing and distribution agreement for renewable ammonia from the NEOM Green Hydrogen Project with Air Products.
This combination of major project cancellations and a new channel for NEOM ammonia sales marks a sharp reshaping of Air...