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Air Products AP-X Liquefaction Technology Picked by Qatargas
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Air Products and Chemicals, Inc. (APD - Free Report) has been selected to provide Qatargas with its proprietary AP-X Natural Gas Liquefaction Process technology and equipment for the first phase of Qatar Petroleum's massive LNG production expansion project in Ras Laffan, the State of Qatar.
Notably, each of the four new LNG process units is expected to have a production capacity of 7.8 million tons per year. Air Products will build the AP-X LNG heat exchangers at its manufacturing facility in Port Manatee, FL.
Per Air Products’ management, AP-X liquefaction technology sets the norms for the industry and delivers the largest LNG process trains in the world. Notably, these AP-X units have a process production capacity of 50% more than any other LNG train in operation.
Further, the proven AP-X process allows considerably higher output of LNG, and offers an effective and flexible operation over a wide variety of production capabilities.
Air Products’ shares have gained 26.3% in the past year against the industry’s 3.2% decline.
On its third-quarter earnings call, Air Products said that it will continue to generate value for shareholders over the long term and invest in world-scale, sustainability-focused projects, notwithstanding the challenging environment.
Air Products and Chemicals, Inc. Price and Consensus
Barrick Gold has a projected earnings growth rate of 72.6% for the current year. The company’s shares have gained around 69% in a year. It currently has a Zacks Rank #2.
Gold Fields has an expected earnings growth rate of 35.7% for 2020. The company’s shares have rallied 126.5% in the past year.It is presently a Zacks #2 Ranked player.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
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Air Products AP-X Liquefaction Technology Picked by Qatargas
Air Products and Chemicals, Inc. (APD - Free Report) has been selected to provide Qatargas with its proprietary AP-X Natural Gas Liquefaction Process technology and equipment for the first phase of Qatar Petroleum's massive LNG production expansion project in Ras Laffan, the State of Qatar.
Notably, each of the four new LNG process units is expected to have a production capacity of 7.8 million tons per year. Air Products will build the AP-X LNG heat exchangers at its manufacturing facility in Port Manatee, FL.
Per Air Products’ management, AP-X liquefaction technology sets the norms for the industry and delivers the largest LNG process trains in the world. Notably, these AP-X units have a process production capacity of 50% more than any other LNG train in operation.
Further, the proven AP-X process allows considerably higher output of LNG, and offers an effective and flexible operation over a wide variety of production capabilities.
Air Products’ shares have gained 26.3% in the past year against the industry’s 3.2% decline.
On its third-quarter earnings call, Air Products said that it will continue to generate value for shareholders over the long term and invest in world-scale, sustainability-focused projects, notwithstanding the challenging environment.
Air Products and Chemicals, Inc. Price and Consensus
Air Products and Chemicals, Inc. price-consensus-chart | Air Products and Chemicals, Inc. Quote
Zacks Rank & Stocks to Consider
The company currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are Equinox Gold Corp. (EQX - Free Report) , Barrick Gold Corporation (GOLD - Free Report) and Gold Fields Limited (GFI - Free Report) .
Equinox Gold has a projected earnings growth rate of 255.2% for the current year. The stock has gained around 106% in a year. It currently has a Zacks Rank of 2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Barrick Gold has a projected earnings growth rate of 72.6% for the current year. The company’s shares have gained around 69% in a year. It currently has a Zacks Rank #2.
Gold Fields has an expected earnings growth rate of 35.7% for 2020. The company’s shares have rallied 126.5% in the past year.It is presently a Zacks #2 Ranked player.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>