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Air Products to buy 5 hydrogen plants for $530 million, will supply hydrogen to PBF Energy

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Christian Fernsby ▼ | March 31, 2020
Air Products announced it has signed agreements with PBF Energy that include the $530 million purchase of five hydrogen steam methane reformer (SMR) hydrogen production plants and the long-term supply of hydrogen from those already operating plants to PBF refineries.
PBF refineries
Hydrogen   PBF refineries
The SMRs, with a combined nearly 300 million standard cubic feet per day of production capacity, are located in Torrance and Martinez, California and Delaware City, Delaware.

Topics: Air Products hydrogen plant PBF Energy

The deal is targeted to close during the third quarter of Air Products' 2020 fiscal year.