Industrial gases company Air Products announced today that it has set a new goal to reduce its carbon emissions intensity by one-third by the year 2030 from a 2015 baseline. Air Products stated that its new “Third by ’30” initiative was established as the company closes in on successfully attaining its 2020 Sustainability goals.

Air Products’ Chairman, President and Chief Executive Officer, Seifi Ghasemi said:

“Sustainability is at the heart of what Air Products has done as a business for the past 80 years. Our industrial gases, technologies and applications enable customers around the world to reduce their energy use, lower emissions and increase productivity. Air Products is also playing a lead role in helping to address significant energy and environmental challenges through gasification, carbon capture and hydrogen for mobility solutions, including through projects like NEOM – the world’s largest carbon-free and truly transformative hydrogen project.

“This ambitious goal is totally aligned with our business strategy. Key drivers toward our goal include carbon capture projects; low-carbon and carbon-free projects; operational excellence; and increased use of renewable energy. With our technology and products, and most importantly, our hard-working and truly committed people, I am confident we will continue our strong track record of setting ambitious goals and meeting and exceeding them.”

According to Air Products, in addition to meeting or exceeding its own 2020 sustainability goals, the company provides products that enable customers to reduce emissions, including 69 million metric tons of CO2 emissions avoided in 2019.