Tonnage Hydrogen Supply – Experience, Capabilities and Reliability

2

Who Is Air Products?

Global atmospheric, process and specialty gases, performance materials, equipment and services provider

Serving industrial, energy, technology and healthcare markets worldwide

Fortune 500 company Operations in over 40 countries 18,900 employees worldwide Known for our innovative culture and

operational excellence Corporate responsibility commitment

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Air Products Sales into Diverse Markets

$10.1 billion company Diverse markets and geographies Positioned for continued long-term value creation

FY’11 Geographic Sales

United States (38%)

Asia (24%)

Europe (31%)

Canada/Latin America (7%)

FY’11 Business Segment Sales

Tonnage (33%)

Electronics & Performance

Materials (23%)

Merchant (40%)

Equipment & Energy

(4%)

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Refining Hydrogen and Energy Driving Hydrogen Growth

Transport fuels growth More heavy, sour crude Clean fuels legislation

45%

5

Shifting Customers’ Buying Habits . . . Outsourcing Refinery H2 Needs

PRIOR TO 1990 AWARDS Mostly Petrochemicals

MAKE CASE MAKE CASE

ONSITE & PIPELINE

1990-2010 AWARDS Refiners’ Acceptance Grows

Global Trend in U.S., Canada, Europe, Latin America, India, China, Asia

ONSITE & PIPELINE

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Air Products Global Hydrogen Capabilities and Experience Worldwide leadership position in outsourced hydrogen

production & recovery – 40% market share based on volume – Maintained 40% for 15 years

Strong focus on the refining and chemical industries – Over 30 hydrogen supply contracts with refiners

Own and operate over 50 SMRs around the world Established reputation for high reliability operation

– Over 1000 operating years for hydrogen plants Complete technology portfolio in hydrogen, CO,

syngas equipment – Proprietary separation systems

(membrane, PSA, cold boxes) – Global Alliance with Technip for

reforming technology

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Air Products’ Operating Experience HANNIBAL MISSOURI, USA H2 1991 HYDRO-CHEM GEISMAR I LOUISIANA, USA SYNGAS/H2 1985 HEAT RESEARCH/Air Products SACRAMENTO I CALIFORNIA, USA H2 1986 HYDRO-CHEM SACRAMENTO II CALIFORNIA, USA H2 1989 HOWE-BAKER CINCINNATI OHIO, USA H2 1992 HOWE-BAKER KUANTAN MALAYSIA H2 1992 HOWE-BAKER PORTO MAGHERA ITALY H2 1992 KTI TOLUCA MEXICO H2 1992 HOWE-BAKER TUSCOLA ILLINOIS, USA H2 1993 HOWE-BAKER MARTINEZ I CALIFORNIA, USA H2 1993 KTI/Air Products TARANTO ITALY H2 1994 KIT/Air Products PERNIS NETHERLANDS H2 1994 M.W. KELLOGG MARTINEZ II CALIFORNIA, USA H2 1995 KTI/Air Products WILMINGTON CALIFORNIA, USA H2 1995 KTI/Air Products LAPORTE III TEXAS, USA H2//CO 1995 TDC POX-KTV/Air Products PASADENA TEXAS, USA H2 1996 KTI/Air Products CAMACARI BRAZIL H2/CO 1997 KTI/Air Products BANTING MALAYSIA H2 1997 KTI/Air Products SALISBURY MARYLAND, USA H2 1998 KTI/Air Products SINGAPORE SINGAPORE SYNGAS/ H2 1999 KIT/Air Products GALLATIN TENNESSEE, USA H2 1999 KTI/Air Products MIDLAND MICHIGAN, USA H2 1999 KTIBAKER/Air Products CARSON CALIFORNIA, USA H2 1999 KTI/Air Products RALEIGH NORTH CAROLINA, USA H2 2000 KTI/Air Products BAYTOWN HyCO TEXAS, USA SYNGAS/CO 2000 TDC/Air Products PT. ARTHUR I TEXAS, USA H2 2000 KTI/Air Products

On-Purpose HyCO Plants: Total Capacity 2,500 MMSCFD

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Air Products’ Operating Experience

GEISMAR II LOUISIANA, USA H2 /SYNGAS/CO 2001 Air Products ZHUHAI I ZHUHAU, CHINA H2 2001 CALORIC LLANWERN WALES, UK H2 2002 KTI/Air Products TARRAGONA SPAIN H2 2002 TECHNIP/Air Products CRESSIER SWITZERLAND H2 2003 TECHNIP/Air Products CATLETTSBURG KENTUCKY, USA H2 2003 TECHNIP/Air Products MANTOVA II ITALY H2 2004 TECHNIP/Air Products WESTLAKE LOUISIANA, USA H2 2004 TECHNIP/Air Products ZIBO SHANDONG, CHINA H2 2004 CALORIC NEW ORLEANS D LOUISIANA, USA H2 2004 TECHNIP/Air Products ZHUHAI II ZHUHAI, CHINA H2 2004 CALORIC ZHANG JIAGANG JIANGSU, CHINA H2 2004 CALORIC PIOMBINO ITALY H2 2005 CALORIC WESTPORT I MALAYSIA H2 2005 CALORIC CONVENT LOUISIANA, USA H2 2005 TECHNIP/Air Products TAIWAN TAIWAN H2 2006 CALORIC PT. ARTHUR II TEXAS, USA H2 2006 TECHNIP/Air Products EDMONTON I ALBERTA, CAN H2 2006 TECHNIP/Air Products SARNIA ONTARIO, CAN H2 2006 TECHNIP/Air Products JOLIET ILLINOIS, USA H2 2006 TECHNIP/Air Products

EDMONTON II ALBERTA, CAN H2 2008 TECHNIP/Air Products GARYVILLE LOUISIANA, USA H2 2009 TECHNIP/Air Products CORPUS CHRISTI TEXAS, USA H2 2010 LINDE BATON ROUGE LOUISIANA, USA H2 2010 TECHNIP/Air Products ROTTERDAM NETHERLANDS H2 2011 TECHNIP/Air Products WESTPORT II MALAYSIA H2 2011 CALORIC LULING LOUISIANA, USA H2 2012 TECHNIP/Air Products

On-Purpose HyCO Plants: Total Capacity 2,500 MMSCFD

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Air Products’ SMRs Under Construction

DETROIT MICHIGAN, USA H2 2012 TECHNIP/Air Products CHENGDU SICHUAN, CHINA H2 /SYNGAS 2012 TECHNIP/Air Products ST. CHARLES LOUISIANA, USA H2 2013 TECHNIP/Air Products

On-Purpose HyCO Plants: Capacity U/C – >300 MMSCFD

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Global Refining H2 Capacity Awarded New Business Announcements Since 2001

Capacity Air Products Key Customer Location (MMSCFD) ConocoPhillips, Citgo Westlake, Louisiana 110 Murphy Oil New Orleans, Louisiana 40 Marathon Catlettsburg, Kentucky 34 Suncor (Petro-Canada), Imperial Oil Edmonton, Alberta 71 Suncor (Petro-Canada II) Edmonton, Alberta 105 Suncor Sarnia, Ontario 81 Motiva Convent, Louisiana 110 Marathon Garyville, Louisiana 120 ExxonMobil Baton Rouge, Louisiana >100 ExxonMobil Baytown Expansion, Texas 70 Valero Pt. Arthur II SMR, Cogen 110 ExxonMobil Joliet, Illinois 18 Repsol Tarragona, Spain 63 Petro-Plus Cressier, Switzerland 8 MOL Mantova, Italy 15 MarkWest Energy Partners, Citgo Corpus Christi, Texas >30 ExxonMobil, Shell Botlek, Netherlands >100 Air Products Pipeline System Luling, Louisiana >100 Marathon Detroit, Michigan >50 PetroChina Sichuan, China >90 Valero St. Charles, Louisiana >150 Total Awarded: >1.6 Billion

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Air Products HyCO facilities H2 pipeline CO pipeline Syngas pipeline

14 630 14

16

21

Edmonton, Canada

Sherwood Park

Petro-Canada Imperial Oil

16

Zwijndrecht

To Moerdijk

Europoort

Pernis

Botlek

Rotterdam

40

40

Corunna

Suncor

Shell Refinery

40

ST. CLAIR RIVER

Air Products Canada LHY

Sarnia Canada

Strong Hydrogen Pipeline Positions

BP Carson

Shell Wilmington

Dominguez Channel

Conoco Phillips Wilmington

Conoco Phillips Carson

VAN NESS AVE.

Sepulveda Blvd

Anaheim Street

91

190th St.

Carson H2

Wilmington H2

710

405

110

1

110

Southern California

Valero Wilmington

Long Beach Arpt.

Air Products H2 Pipeline Air Products H2 Plants - USGC

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Global Alliance with Technip

Technip brings proven SMR design, detail engineering skills

Air Products brings separation technology, process integration, process controls and operations experience

Partnership on >30 plants since 1992 Joint development initiatives bring project

execution efficiencies for each new plant Multiple project execution Wealth of information at www.h2alliance.com

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Training Program

Plant Personnel

Maintenance Program

How do we achieve high reliability?

Spare Parts Availability

Shared Operating

Experience

Technical Support

Plant Documentation

Operations Procedure

Reliability Testing

Plant Design

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Reliability through Standardization

Design – Top Fired Technip Reformer (since 1992) – Company Specific Criteria

Technology and Hardware – DCS, Transmitters, Valves, Compressors, etc.

Execution – In house process, systems, environmental

engineering (up-front) – Project, construction, start-up and commissioning

Operations – Global HyCO Line Management, central support

Maintenance – Global HyCO specialists for turn-arounds,

trouble-shooting

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HYCO Supply Reliability – Why Air Products?

Unplanned Downtime Events / > 60 MMSCFD Plants

* Excluding Force Majeure / Downtime = Anytime Product Flow goes to Zero * Includes Large HyCO sites > 60 MMSCF/D / (140 MT/D) plants

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Why Work With Air Products

#1 H2 supplier to the refining industry – We understand safety and reliability expectations and will design

accordingly – We understand the refining processes that use our hydrogen

Highest HyCO onstream record of any industrial gas company – We are focused on minimizing the number of shutdowns – Air Products is willing to link our revenue to operating performance – Air Products has critical mass from 60+ plants to quickly solve any

problem that does arise, brings 1000+ HyCO plant-operating years of experience

Alliance with Technip has executed >30 projects over last 15 years

– Dedicated/experienced project resources – Focus on schedule – Preferred position with suppliers

We will find the lowest cost, most innovative solution – Air Products has experience with various feedstocks and process

configurations, including cogeneration – Proprietary separation systems (membrane, PSA, cold box) – Will work with the customer to quickly develop the optimal plant – Lower cost than refiner’s make case