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 globa…
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