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Air Products' board of directors announced an amendment to the employment agreement with Air Products' chairman, president and chief executive officer, Seifi Ghasemi, further extending his term. The company has entered into a new amended agreement that will initially extend Ghasemi's employment term to September 30, 2028. On September 30, 2024 and each year thereafter, the contract term will automatically renew to be a five-year term unless either party terminates the agreement at the latest, four years ahead of its then expiration date.

Air Products signed an agreement with Aers Energy Belgie to develop a multi-fuel, hydrogen refueling station for trucks. It will be located on a concession in the port of Zeebrugge, which Aers Energy Belgie has been awarded. Within this location, Aers will also operate a new secure truck stop, rest area, convenience store and restaurant. The new station will be the first commercial-scale hydrogen refueling station in Europe with liquid hydrogen storage. It will be built and operated by Air Products in addition to other liquid hydrogen refueling stations the company is developing throughout Europe. The project itself, is part of a wider strategy to support Belgium and Europe's sustainable development and ambition towards CO2-free heavy-duty road transport.

Air Products announced a project to significantly increase hollow fiber membrane production at its St. Louis, Missouri facility. The production improvement project at the facility is driven by strong customer demand in the biogas and hydrogen recovery applications, as well as customer needs for the use of nitrogen for the aerospace industry and dehydration products. This capacity improvement effort will impact product lines such as the PRISM(R) GreenDry membrane dryer and the PRISM GreenSep membrane separator, which provide customers in the biogas industry with dehydration and upgrading solutions that add design flexibility to a customer's biogas system. The project also increases the production of PRISM N2Sep membranes, which are the foundation of Air Products' recently announced PRISM InertPro Membrane System, a new nitrogen generator for the energy and gas industry that is optimized with a flexible modular design to focus on efficiency and lower energy nitrogen generation.