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

Christian Fernsby |
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.

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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.

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

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