November 12, 2025–Written by Will Ploch, Assistant Editor-in-Chief for Industrial Info Resources (Sugar Land, Texas)–Air Products and Chemicals is going back to basics. Following a series of big-ticket project cancellations, the company is returning its focus to lower-risk industrial-gas projects with committed offtake and potential for expansion. Industrial Info is tracking more than $4.5 billion worth of active and proposed projects from Air Products globally, including more than $1.5 billion worth in the U.S. and Canada.
Earlier this year, Air Products announced it would exit three U.S.-based clean-energy projects. The company expects these changes, along with the completion of several large-scale projects still on the books, will help to reduce its workforce from about 23,000 in 2024 to about 20,000 by the end of 2026.
