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CEO switch: How will Air Products shift its strategy?

Gas
February 4, 2025

The appointment of former Linde executive Eduardo Menezes as Air Products’ new CEO marks a significant turning point for the industrial gas giant – and it is one that could reshape its approach to clean hydrogen, where it has taken a lead with key projects like NEOM in Saudi Arabia.

Menezes’ move into the top spot follows an investor-driven boardroom shake-up led by activist investor Mantle Ridge, which played a role in ousting longtime boss Seifi Ghasemi amid concerns over CAPEX and the company’s $15bn clean hydrogen pipeline.

A strategic recalibration?

Under Ghasemi, Air Products had made bold moves to make it one of the most aggressive backers of clean hydrogen – investing in some of the world’s largest production projects, including the 2.2GW NEOM green hydrogen plant.

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Gas
June 25, 2026

Fuel cell investment by data centres to reach $30bn by 2030

By 7 min ago 3 min read Energy-hungry data centres developers are turning more to on-site fuel cells with investment set to rise tenfold to $30bn by 2030, according to…

Gas
June 25, 2026

Spain redirects €211m in IPCEI funds to BP-Iberdrola hydrogen plant expansion

Castellón refinery © BP By 44 min ago 2 min read BP and Iberdrola could expand their 25MW green hydrogen plant at the British oil major’s refinery in Spain, after…