Strategy & Finance

Industrial Gases

Case studies in industrial gases.

Air Products’ Louisiana Bet: Commit, Stage, or Stop?

On June 25, 2026, Air Products and Chemicals (APD) faced a consequential choice about its Louisiana Clean Energy Complex (LCEC). The company had described a potential partnership with Yara International that linked APD’s hydrogen production and industrial-gas capabilities with Yara’s ammonia operations and distribution network. Read case

Linde’s Next Hydrogen Gate: Preserve the Option or Wait?

On the afternoon of October 31, Linde’s strategy committee must decide how to handle a possible next stage of its relationship with Dow’s Path2Zero project in Alberta, Canada. Linde signed a long-term supply agreement for Phase 1 and announced an investment exceeding $2 billion in a new industrial-gas complex. Read case

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