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APD Exits LCEC Project, Finalizes NEOM Green Hydrogen Deal With Yara

Air Products and Chemicals, Inc. APD has announced its decision not to move forward with the Louisiana Clean Energy Complex (LCEC) project, as expected financial returns fail to meet the company's required return criteria. Additionally, the company is also finalizing a marketing and distribution ag…

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Air Products Will Not Proceed with Louisiana Clean Energy (LCEC) Project; Company Will Record Pre-Tax Charge in Fiscal Third Quarter; Finalizing Agreement with Yara for Renewable Ammonia from NEOM Green Hydrogen Project in Saudi Arabia

LEHIGH VALLEY, Pa., June 30, 2026 /PRNewswire/ -- Air Products (NYSE:APD) today announced it will not proceed with the Louisiana Clean Energy Complex (LCEC) project. The LCEC project exit and other portfolio actions will result in a pre-tax charge in Air Products' fiscal third quarter. Air Products…

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