Air Products plunged to worst loss on S&P after nearing Yara deal for Louisiana blue hydrogen plant
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Air Products (APD) shares fell 9.4% after news of advanced talks with Yara International to combine industrial gas and hydrogen production with ammonia production. Yara may acquire APD's Louisiana ammonia facilities for $8-$9 billion, with APD supplying 80% of hydrogen for 25 years. The Louisiana project could proceed by 2026, with NEOM project agreements targeted for 2026.
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