World Leading Design, Build, Own and Operator of Industrial Gas Plants

SMR’s, PSA’s, Gasifiers, ASU’s . . .

Combining inhouse technology, construction and operational expertise
$8.9 >17,000 >3.7 million
billion in sales employees Nm3/h of H2
750+ 3,000 km 40% of worlds outsourced H2
production facilities of industrial gas pipeline

1
 Company Introduction
1
Air
Separation
Unit 2
Industrial Gas Offering

3 Gasification Offering

2 Air Products Public

Air Products Today Moving forward

$8.9 17,000+ 50+

billion in FY19 sales employees countries

~$55B 8+ 170,000+
market cap decades in business customers

1800 750+ 30+

miles of industrial production industries
gas pipeline facilities served

Air Products Public

Air Products is… Moving forward

…a leader in the global industrial gas industry with:

• Established leading positions in diverse end markets, including energy,
chemicals, metals, manufacturing and electronics
• Growth opportunities driven by Energy, Environmental and Emerging markets

• Complementary equipment businesses

• A multi-billion project backlog with long-term contracts that generate

consistent and predictable cash flows

• Leading positions in key growth regions including profitable joint ventures

• A prudent capital structure with a strong balance sheet supporting long-term

profitable growth

• Traded on the NYSE (APD)

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Our Goal
Moving forward

Air Products will be the safest, most diverse and

most profitable industrial gas company in the world,
providing excellent service to our customers

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Air Products Indonesia

1992 3+ Head Office

Established in >150 Production Cikarang -
Indonesia Employee Facilities
Bekasi
Air Products in Indonesia 2019 2020
Signing Principal
Agreement for Project
Development Coal to
2015 DME in Indonesia
On-site H2 and N2
plant at Sei-Mangkei
2012
On-site O2 VSA at
Cikarang plus N2
pipeline in 2017 Firm Agreement
of 1st Coal
Gasification Project
in Indonesia
Coal to Methanol,
Bengalon,
Kalimantan Timur

1998 1999
Established in Air Separation Unit Acquired Praxair 2011
Indonesia (ASU) in Gresik, with Indonesia, and H2 first portable unit along
biggest liquified becoming Air
product capacity Products ASU at with its pipeline of H2 and
Cikarang N2 at Gresik
Air Products Public
Industrial Gases – Integrated Supply Moving forward

Systems Tailored to Customer’s Needs

Utilities Center
Hydrogen Production Unit

SMR
POX
Hydrocarbon Feed H2
(CH4, C2, C3, C4, Steam
Naphtha, Offgas Fuel) Power

Air Separation Unit

O2/N2/Ar
Customer
PSA
Oxygen
Main Air Membrane Nitrogen
Compressor
Air
Air Separation
- Cryogenic

LIN/LOX
Liquefaction
Liquid Storage

Cryogenic Tanker
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 Moving forward

On Site Nitrogen Plant

Air Products Public

 Moving forward
On Site Oxygen Plant

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 Moving forward

On Site Hydrogen Plant

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 Moving forward

Serving over 30 Diverse Markets

Aerospace Construction Metals Processing Pulp and Paper

Agriculture Energy Metals Fabrication Recycling/Reclamation
Analytical Laboratories Food and Beverage Mining Refining
Aquaculture Glass Oil/Gas Production Rubber and Plastics
Automotive Iron/Steel Production Petrochemicals Semiconductors
Biotechnology Leisure Petroleum Refining Transportation
Cement/Lime Liquefied Natural Gas Power Generation Water Treatment
Chemicals Processing Medical/Healthcare Pharmaceuticals/Biotechnology

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 Moving forward

Some Key References

 Supplied high purity liquid oxygen to PT Ispatindo to boost combustion in their steel
making furnaces, reducing fuel consumption and improving productivity
 Provided liquid nitrogen with uninterrupted and hassle-free service to Nestle Indonesia’s
milk factory in Kejayan, Pasuruan, East Java, one of the ten biggest Nestle milk processing
plants in the world
 Supplied liquid nitrogen to PT Amerta Indah Otsuka, one of the largest non-carbonated
drink manufacturers in Indonesia for their liquid nitrogen dispensing application in the
bottling process
 Provided Freshline® IQF+ Freezer, one of the most powerful cryogenic spray tunnels, to PT
Surya Alam Tunggal (SAT) for their food packaging processes, boosting productivity to meet
increasing demand

Air Products Public

Air Products Public
Gasification Process Moving forward

A way to make syngas Substitute

Natural Gas

Partial oxidation process to convert coal, high sulfur liquids Power

or natural gas into syngas to be used in the production of
chemicals, diesel fuel, high-end olefins or power Steam

Trans. Fuel
Coal / Residue /
NG / other
Fertilizer
Syngas
Gasification
(CO + H2) Chemicals

Oxygen Consumer
Products

By-products Hydrogen for

Refining

Air Products Public

Benefits of Gasification Moving forward

A versatile and mature technology

• Gasification technology has been in use since the 1800s
- Widely used to produce transportation fuel due to petroleum shortage in WWII

• Adaptable to various hydrocarbon feedstocks

- Coal, petcoke, oil residue, natural gas, and others
- Utilizes natural resources available

• Diverse applications / end products

- Syngas for power generation and chemicals
- H2 for refineries
- CO for chemicals

• Sustainability
- No smog-causing particulates
- Concentrated, capture-ready CO2 stream
- Sulfur removal allows the use of high sulfur coal

• Low incremental operating cost

- Economical in low oil price environment

Air Products Public

Air Products Syngas Solution Moving forward

Capability Shell GE Air Products

Dry Feed Solids ✓ ✓

Slurry Feed Solids ✓ ✓
Liquid Feed ✓ ✓ ✓
Gas Feed ✓ ✓
Patents >800 >1,000 >1,800

Units Licensed 200 240 ~440

Air Products is the World’s Premier Gasification Company

with Leading Technology Position
 Moving forward

Globar Leader in Syngas Production

Indonesia
Coal to methanol
100% APD
$2B
2024

Air Products Public

Syngas Production
Moving forward

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Air Products Business Concept Moving forward

Sale of Equipment Sale of Gas

(Customer Make Own Plant) (Third Party Onsite)

Risk Category Customer Service Provider Customer Service Provider

Design & Construction X X X

Operating – Cost & Efficiency X X
Operating – Performance X X
Schedule X X
Financing X X
Permitting X X
Income Tax (national) X X
Property Tax (if any) X X
Force Majeure X X
Commissioning X X
Insurance cost (loss) X X

Termination X X

Regulatory X X
 Moving forward

On Site Plant Business Concept

Host Refinery
Air Products
Natural Gas Hydrogen Plant
Hydrogen

Refinery
Fuel Gas Steam

Power

Refinery Fuel Gas

Hydrogen /
Power / Steam
to other
customers

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Air Products Public
World-scale CO 2 capture: Moving forward

Port Arthur, TX
• First retrofit technology of its kind to capture carbon on a
massive scale from H2-producing steam methane reformers

• Partnering with the U.S. Department of Energy (DOE),

who refers to technology as state-of-the-art

• Air Products is capturing one million tons of CO2 annually from two existing H2 plants:
equivalent of removing 200,000 cars from the road every single year

• Captured carbon supplied via pipeline for enhanced oil recovery

- CO2 stored safely in geologic formations
- Increasing oil production by an estimated 60-90 million additional barrels of oil
from fields thought to be exhausted
• Evaluating ambitious new projects all over the world

Air Products Public

Hydrogen for mobility, Moving forward

energy transition
• Air Products: leading global hydrogen provider; involved
with 250+ fueling projects in 20 countries

• Hydrogen for stations can be delivered to a site via truck or

pipeline, produced by natural gas reformation, biomass
conversion, or by electrolysis including electrolysis that is solar and wind driven

• 2019: first-ever hydrogen fueling station in Saudi Arabia

• SmartFuel® technologies fueling cars, trucks, vans, buses, scooters, forklifts,

locomotives, planes, cell towers, material handling equipment, and even submarines
- 60+ years of hydrogen experience, extensive patent portfolio
in hydrogen dispensing technology

• Member of the Hydrogen Council, a global CEO-led initiative with

a united and long-term vision to develop the hydrogen economy

Air Products Public

 Moving forward

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