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Air Products (APD) Is Up 12.2% After Axing U.S. Projects, Pivoting to NEOM Ammonia Deal

simplywall.st July 3, 2026 · 2:35 am Read Original

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Air Products (APD) Is Up 12.2% After Axing U.S. Projects, Pivoting to NEOM Ammonia Deal

In late June 2026, Air Products and Chemicals said it would stop the Louisiana Clean Energy Complex, a zero-carbon liquid hydrogen facility in Arizona, and several smaller clean energy projects, taking up to US$2.90Â billion in pre-tax charges mainly for asset write-downs and contract terminations, while also pursuing other portfolio adjustments.
At the same time, Air Products and Chemicals moved to finalize a global marketing and distribution agreement with Yara International ASA for...

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Generated by Pulse AI, Glideslope's proprietary engine for interpreting market sentiment and economic signals. For informational purposes only — not financial advice.

Source simplywall.st

Published Jul 3, 2026 · 2:35 am

Article ID O1TAR54

Original URL Open source

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