Air Products announces sustainability goals

Lehigh Valley-based Air Products, an industrial gases company, recently announced its new sustainability goal.

The company added a goal to reduce the intensity of Scope 3 emissions by one-third by 2030, using 2015 as the baseline year. It also plans to spend or commit at least an additional $4 billion to transition to clean energy over the next five years.

The company previously pledged to reach net-zero carbon emissions by 2050. It has committed $15 billion toward this goal through 2027 and will modify existing company assets.

Other plans include adopting technologies that address the pace and scale required to support a net-zero future, converting its fleet of approximately 2,000 trucks to hydrogen fuel cell zero-emission vehicles, and increasing its use of renewable energy.

“Air Products is uniquely positioned to bring together its portfolio of technologies and legacy of experience to ensure the future climate benefits generated by our first-mover projects come online at a crucial moment in the energy transition,” Air Products Chairman, President and CEO Seifi Ghasemi said. “We continue to see significant opportunities for hydrogen and carbon capture technologies, and our industry-leading $15 billion capital commitment is further demonstration of sustainability being at the heart of our business and growth.”