Air Products cancels Louisiana clean energy project, faces $2.9B charge
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Air Products Will Not Proceed with Louisiana Clean Energy (LCEC) Project; Company Will Record Pre-Tax Charge in Fiscal Third Quarter; Finalizing Agreement with Yara for Renewable Ammonia from NEOM Gre
June 30, 2026 8:01 AM EDTLEHIGH VALLEY, Pa., June 30, 2026 /PRNewswire/ -- Air Products (NYSE: APD) today announced it will not proceed with the Louisiana Clean Energy Complex (LCEC) project. The LCEC project exit and other portfolio actions will result in a pre-tax charge in Air Products' fiscal third quarter. Air Products also announced it is finalizing a marketing and distribution agreement with Yara International ASA (OSE: YAR) for renewable ammonia from the NEOM Green Hydrogen Project in... More
