23 Feb '13, 4pm

Air Products Goes Operational with Carbon Capture

In October 2009, the U.S. Department of Energy selected a dozen projects aimed at bringing relief to a planet suffocating in a cloud of toxic carbon dioxide emissions. The DOE called the program it’s Large-Scale Industrial Carbon Capture Storage Projects and wrote checks for $575 million out of American Recovery and Reconstruction (ARRA) funds. A little more than a year later the DOE weeded out all but three projects for the second phase of the program. Besides Leucadia Energy (subsidiary of Leucadia National, LUK: NYSE) and Archer Daniels Midland (ADM : NYSE), the DOE tapped Air Products and Chemicals, Inc. (APD: NYSE) to move forward with design and construction of their carbon capture schemes. Like Praxair, Inc. (PX: NYSE) , which was profiled in the last post “Praxair’s Long Road to Carbon Capture ,” Air Products is a supplier of industrial gases. Oxygen appears to be ...

Full article: http://www.altenergystocks.com/archives/2013/02/air_produ...

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