Air Products and Chemicals Inc.

History

Year	Detail
1940	Leonard Parker Pool founded Air Products and Chemicals, Inc.
1944	The company moved to Chattanooga, Tennessee, where it produced 240 oxygen generators for the armed forces.
1950	The company has started the production of liquid oxygen and nitrogen.
1957	The company developed rocket fuels, i.e., liquid hydrogen, for Air Forces and NASA.
	Air Products and Chemicals Inc. collaborated with Butterley Company and entered the global industrial gas market.
1961	Through a joint venture, the company started manufacturing chemicals to transform refineries by-products into oxo-alcohols.
1962	The company acquires the Houdry Process Company and Catalytic Construction Company.
	The company's stock was listed on the New York Stock Exchange.
1969	With the acquisition of Escambia Chemical Corporation, the company has expanded its chemical position.
1970	The company has expanded its business by acquiring the chemical and plastic business of Airco, Inc.
	The company has been awarded a contract of $287 million from NASA to supply liquid hydrogen to the new space shuttle program of the U.S.
1980	The company has expanded its epoxy curing agents business and manufacturing foothold in Europe.
	The company acquired Stearns-Roger Corporation, one of the leading engineering and construction services companies in Colorado, U.S..
	The company acquired J.C. Schumacher, a high-purity chemical supplier, giving it a robust foothold in electronic materials.
1990	In Asia, the company forms joint ventures with two Japanese companies, Daido Hoxan and Showa Denko, to serve the growing electronics industry.
	The company acquired Permea, Inc., one of the leading suppliers of membrane and adsorption gas separation systems.
2000	The company becomes one of the leading industrial gas suppliers by acquiring the industrial gas business of BOC Gazy in Central Europe.
2008	The company commissioned its new hydrogen fueling station at its global headquarters in Allentown, Pa.
2010	The company has received two significant orders from Shaanxi Future Energy Chemical Co. Ltd. (12,000 TPD of oxygen) and Shanxi Lu’An Mining (Group) Co. Ltd. (10,000 TPD of oxygen).
2012	The company acquires a controlling stake in INDURA, one of South America's largest independent industrial gas companies.
2013	The company acquires EPCO Carbon Dioxide Products, Inc.
2015	Under a joint venture between Air Products and Chemicals Inc. and ACWA Holding, Saudi Aramco had awarded Air Products and Chemicals Inc. a contract to build, own, and operate the most significant industrial gas complex to supply Saudi Aramco refinery in Saudi Arabia.
2020	Air Products and Chemicals Inc., NEOM, and ACWA Power agreed to develop a carbon-free hydrogen-based ammonia production facility powered by renewable energy.
	The company sets a new sustainability goal to lower its CO₂ emissions intensity (kg CO₂/MM BTU) by one-third by the beginning of 2030 from a 2015 baseline.
2021	The company has completed the construction of its new global headquarters.