Air Products Canada to Supply Hydrogen to Imperial Oil's Strathcona Refinery for Production of Low-Sulphur Fuel

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November 15, 2004

Air Products (NYSE:APD) announced today that its subsidiary, Air Products Canada Ltd., has signed a letter of intent to provide hydrogen to Imperial Oil's Strathcona refinery near Edmonton, Alberta, Canada for the production of low-sulphur diesel. Air Products will supply the hydrogen via pipeline from its new 71 million standard-cubic-feet-per-day (MMSCFD) production plant under construction nearby, which was publicly announced in March 2004.

The hydrogen production facility, a natural gas-based steam methane reformer, will help Imperial's 187,000 barrel-per-day refinery to produce cleaner transportation fuels and other petroleum products. The two-mile pipeline is expected to be in place during the summer of 2005 in advance of the plant coming on-stream. The supply arrangement is one of over 30 that Air Products has undertaken with refiners worldwide.

"We are pleased to be working with Imperial to meet its increasing hydrogen needs and enhance our growing position in Canada as a reliable provider of hydrogen to multiple customers," said Scott Sherman, Air Products' vice president and general manager for Energy and Process Industries worldwide. In July 2004, Air Products also announced plans for construction of a new hydrogen plant producing in excess of 80 MMSCFD to be located in Sarnia, Ontario, Canada to be in operation in May 2006.

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