Air Products Inks Another Oxy-Fuel Contract With Techpack
Zacks Investment Research | Mar 24, 2020 10:00PM ET
For the supply of its integrated oxy-fuel combustion solution, Air Products and Chemicals, Inc. (NYSE:APD) inked a deal with Techpack Solutions.
This is the third project of Air Products, wherein it will supply solutions to Techpack to help it convert its furnace from air-fuel to oxy-fuel for enhanced sustainability and competitiveness. Notably, Air Products will supply the oxygen and combustion systems needed by Techpack at its manufacturing complex, when the project comes onstream.
The integrated solution contains Air Products' advanced oxy-fuel combustion system. Notably, the company's oxy-fuel combustion system includes Cleanfire HRi and latest Cleanfire HRx oxy-fuel burners, and an automatic flow control skid. It also includes a PRISM vacuum swing adsorption oxygen generator for supplying reliable and cost-effective on-site oxygen needed to power oxy-fuel burners for melting glass.
With improved functionality and flexibility, the patent-pending Cleanfire HRx oxy-fuel burner allows glass producers to monitor the amount and position of oxygen staging up to 95% of the combustion oxygen. This results in ultra-low emissions of nitrogen oxides (NOx), higher fuel performance, improved production, and better product quality. Notably, the latest model is anticipated to minimize NOx emissions further by 40%.
The oxy-fuel combustion technology of Air Products is proven to offer numerous benefits such as reducing more than 80% of nitrogen oxide emissions, generating 10-35% energy savings and bringing around 25% increase in productivity along with improvement in efficiency and glass quality.
Per management, the company will continue to leverage its vast expertise, advanced technology and deep local understanding to support Korean glass producers to improve their furnace efficiency to minimize environmental footprint and enhance competitiveness.
Air Products’ shares have gained 3.9% in the past year against the Zacks Investment Research
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