Air Products and Chemicals, Inc. (APD), Friday announced its plan to build, own and operate a new air separation unit or ASU in the City of Cocoa, Florida, to produce liquid oxygen, nitrogen and argon.
The plant, targeted to be on stream in the second half of 2028, is expected to provide an ideal opportunity to further enhance the company's support for space launch providers in Florida.
Moreover, all three products will also be available for the regional merchant market for industries including metals processing and fabrication, medical and chemical.
Currently, APD is trading at $302.48, down 0.35 percent on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
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.