Air Products and Chemicals, Inc.
Industrial gases company headquartered in Allentown, Pennsylvania, the world's leading hydrogen producer, serving energy, electronics, and manufacturing markets.
Company Type
public
Founded
1940
Headquarters
Allentown, Pennsylvania, USA
Stock
New York Stock Exchange: APD
Revenue
Approximately $12.1 billion (FY2025)
Employees
Approximately 22,400
Primary Market
Global
About Air Products and Chemicals, Inc.
What does Air Products make?
Industrial gases including hydrogen, oxygen, nitrogen, and helium, plus gas production equipment and clean hydrogen projects.
Is Air Products publicly traded?
Yes. It trades on the NYSE under ticker APD.
What is Air Products known for?
Being the world's largest hydrogen producer, supplying refineries and now building green hydrogen mega-projects.
Who is the CEO of Air Products?
Eduardo Menezes, CEO since February 2025.
How much revenue does it generate?
Approximately $12.1 billion annually.
Where is Air Products headquartered?
Allentown, Pennsylvania, USA.
History of Air Products and Chemicals, Inc.
Leonard Pool founded the company in Detroit in 1940, pioneering on-site oxygen generation for steelmakers, moving industrial gas from delivered cylinders to dedicated plants.
Relocating to Pennsylvania's Lehigh Valley, Air Products grew through postwar industrial expansion into a major merchant and on-site gas supplier, dominating the hydrogen business built for petroleum refining.
Decades of expansion added electronics gases, helium, and LNG equipment, building a global footprint across more than 50 countries.
The 2020s brought the clean-energy pivot: massive green hydrogen investment led by the NEOM project, alongside the 2024-2025 activist campaign by Mantle Ridge that forced board changes and the leadership transition to Menezes, aimed at refocusing capital discipline.
Air Products and Chemicals, Inc. Sustainability & Ethics
The hydrogen transition is the core ESG story: blue and green hydrogen projects position the company for decarbonization, though its legacy business serves carbon-intensive refining.
Controversy, Regulation & Public Scrutiny
Activist campaign: Mantle Ridge's 2024-2025 proxy fight over capital allocation and the clean-energy strategy forced board changes and the CEO transition.
Project scrutiny: The scale and cost of green hydrogen commitments drew investor skepticism prompting strategy refinement.
Brands Owned by Air Products and Chemicals, Inc.
Air Products and Chemicals, Inc. owns 1 brand in our database. Explore the ownership tree below — click categories to expand and see individual brands.
Air Products and Chemicals, Inc.
public · Founded 1940 · Allentown, Pennsylvania, USA
1
brands
Stock Information
Air Products and Chemicals, Inc. Ownership: Pros & Cons
Advantages
- +World's largest hydrogen producer
- +Contracted on-site revenue model
- +Energy-transition positioning in clean hydrogen
- +New leadership with deep industrial gas experience
- +Dividend aristocrat track record
Considerations
- -Green hydrogen project economics remain unproven
- -Activist-driven strategy reset in progress
- -Capital intensity of mega-projects
- -Linde and Air Liquide scale competition
- -Refining-market dependence for hydrogen core
Frequently Asked Questions About Air Products and Chemicals, Inc.
What does Air Products make?
Industrial gases including hydrogen, oxygen, nitrogen, and helium, plus gas production equipment and clean hydrogen projects.
Is Air Products publicly traded?
Yes. It trades on the NYSE under ticker APD.
What is Air Products known for?
Being the world's largest hydrogen producer, supplying refineries and now building green hydrogen mega-projects.
Who is the CEO of Air Products?
Eduardo Menezes, CEO since February 2025.
How much revenue does it generate?
Approximately $12.1 billion annually.
Where is Air Products headquartered?
Allentown, Pennsylvania, USA.
Sources & Further Reading
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