Effective from 1 March 2016, or as the contracts permit, Air Products will increase product pricing and monthly service charges for merchant customers in North America.
The pricing adjustments include increases of:
Up to 20% for liquid argon.
Up to 15% for liquid and bulk hydrogen.
Up to 10% for liquid oxygen, liquid nitrogen, liquid and bulk helium, and liquid carbon dioxide.
Some price adjustments may be outside of these ranges based on specific and individual situations.
These adjustments are in response to the cost impact associated with the significant slowdown in the steel market, and increasing operational and delivery costs associated with specific regional supply and demand imbalances in order to meet customer needs.
Air Products has signed a long term supply contract and plans to construct a new hydrogen plant in the Netherlands, serving ExxonMobil’s Rotterdam refinery.