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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
February 5, 2025

Gevo acquires Red Trail Energy’s ethanol and CCS assets for SAF expansion

Renewable chemicals and biofuels company Gevo has acquired an ethanol production plant and carbon capture and sequestration (CCS) assets of Red Trail Energy to expand sustainable aviation fuel (SAF) production.…

Gas
February 5, 2025

LNG fuels TotalEnergies in Q4 but annual income drops 21%

TotalEnergies’ LNG performance spurred 8% growth in Q4 but annual net income fell 21% to $18.3bn due to a sharp decline in refining margins. Integrated LNG net income and cashflow…