---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-033509"
form_type: "8-K"
ticker: "APD"
cik: "0000002969"
company_name: "Air Products & Chemicals, Inc."
filed_at: "2025-02-24T23:59:59+00:00"
generated_at: "2026-05-26T06:34:26.004202+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Air Products to exit three U.S. projects, expects pre-tax charge up to $3.1B

## Summary
- Pre-tax charge not to exceed $3.1B in fiscal Q2 2025 for exiting World Energy SAF expansion, Massena green H2, and Texas CO projects.
- World Energy SAF expansion terminated due to challenging commercial aspects at the Paramount, CA site.
- Massena green H2 project cancelled because hydroelectric power ruled ineligible for 45V tax credit and slow hydrogen mobility market.
- Texas CO project terminated due to unfavorable project economics; cash expenditures estimated not to exceed $800M.
- NEOM green H2 project ~80% complete with green ammonia expected end 2026; Louisiana Clean Energy Complex startup in 2028.

## SEC filing metadata
- accession: 0001193125-25-033509
- form_type: 8-K
- ticker: APD
- cik: 0000002969
- company_name: Air Products & Chemicals, Inc.
- filed_at: 2025-02-24T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.06, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2969/000119312525033509/0001193125-25-033509-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2969/000119312525033509/d830166d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-033509
- JSON: https://secwatch.observer/filing/0001193125-25-033509.json
- Plain text: https://secwatch.observer/filing/0001193125-25-033509.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.