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Air Products And Chemicals To Build, Own And Operate New ASU In Florida

APD
Infrastructure & DefenseCompany FundamentalsProduct Launches

Air Products and Chemicals announced plans to build, own and operate a new air separation unit in Cocoa, Florida, expanding its industrial gas production capacity. The facility will produce liquid oxygen, nitrogen and argon. The announcement is strategically positive for the company but is routine capital investment news with limited near-term market impact.

Analysis

Air Products and Chemicals announced plans to build, own and operate a new air separation unit in Cocoa, Florida, expanding its industrial gas production capacity. The facility will produce liquid oxygen, nitrogen and argon. The announcement is strategically positive for the company but is routine capital investment news with limited near-term market impact.

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