Air Products (APD) announced that it has signed a long-term supply contract with Monsanto Company (MON) to build a new world-scale hydrogen production plant to be located at Monsanto's Luling, Louisiana Roundup® facility. The new hydrogen plant is scheduled to be on-stream in January 2012.
Air Products will build a steam methane reformer or SMR producing over 100 million standard cubic feet per day or MMSCFD of hydrogen. The SMR will be connected to Air Products' East Gulf Coast pipeline network, which supplies refineries with hydrogen needed to make cleaner burning transportation fuels, in addition to meeting the hydrogen needs of the local petrochemical industry.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.