This Stock Is Fueling Hydrogen's Future
Dec 28th 2013 1:22PM
Updated Dec 28th 2013 1:24PM
Air Products and Chemicals is known for supplying specialty gases to global industrial clients but the company has piqued my interest because of their growing position in hydrogen. In 2010, the company signed a deal with PetroChina to build a hydrogen facility in Sichuan, China with a goal of helping to make cleaner transportation fuels. The company also has an agreement to supply hydrogen to a subsidiary of India's POSCO and in October announced it will be building a new hydrogen plant for India's state-controlled oil and gas company Bharat Petroleum. More recently, Air Products announced it received a small grant ($900K) from the US Energy Department as part of a $7 million program to help lower costs related to commercializing cost-effective hydrogen and fuel cell technologies.
For its part, Air Products is developing a tube trailer for hydrogen delivery and storage that can withstand high pressures, something that makes its SmartFuel H70/H35 retail hydrogen dispenser the future of filling up. As a clear leader in providing hydrogen to be used in internal combustion engine or fuel cells to generate power. Air Products, with over a half century's experience in hydrogen energy technology, is a name to watch as the move to embrace hydrogen continues to grow.
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The article This Stock Is Fueling Hydrogen's Future originally appeared on Fool.com.John Licata has no position in any stocks mentioned. You can follow John on Twitter @bluephoenixinc. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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