A legacy of ambition: Ghasemi’s billion-dollar bets

  • Gas
  • February 4, 2025

When Seifi Ghasemi took the helm as CEO of Air Products in 2014, he inherited a company at a crossroads. Over the next decade, Ghasemi set the industrial gases giant on a particular path, spearheading some strikingly ambitious projects.

From multi-billion-dollar gasification plants to groundbreaking hydrogen initiatives, Ghasemi’s tenure was defined by bold investments. As the company transitions to new leadership under former Linde executive Eduardo Menezes, we take a look back at some of the landmark projects that defined Ghasemi’s era.

One of the defining projects of Ghasemi’s leadership was the in Saudi Arabia. Valued at around $12bn, it stands as one of the largest industrial gas complexes in the world. 

The scale of the project reflected Ghasemi’s appetite for high-stakes investments that pushed Air Products’ operational capabilities and aligned with global energy shifts. The facility, designed to supply syngas for power generation, positioned Air Products as a key player in Saudi Arabia’s Vision 2030 strategy, diversifying the Kingdom’s energy mix beyond oil.

… to continue reading this article and more, please login, register for free, or consider subscribing to gasworld

   

  • Related Posts

    • Gas
    • July 27, 2026
    Paras Semiconductor eyes chip facility in Madhya Pradesh, India

    By 42 min ago 2 min read Paras Semiconductors, the semiconductor business of Indian defence technology company Paras Defence and Space Technologies, has signed a deal to establish a new…

    • Gas
    • July 27, 2026
    Linde expands low-carbon power push as industry faces soaring electricity demand

    By 15 min ago 3 min read Industrial gas major Linde has signed six new power purchase agreements to source renewable electricity across Europe, Africa and India as it continues…

    Have You Seen?

    Red Sea Tanker Traffic Falls to Multi-Month Low After Houthi Threats

    • July 28, 2026
    Red Sea Tanker Traffic Falls to Multi-Month Low After Houthi Threats

    Gasoline in Australia Jumps to Highest Level Since March

    • July 28, 2026
    Gasoline in Australia Jumps to Highest Level Since March

    Houthi Threats Force Saudi Crude Tanker Onto Suez Route To Asia

    • July 28, 2026
    Houthi Threats Force Saudi Crude Tanker Onto Suez Route To Asia

    Russia Says Fuel Crisis Is Easing as Refineries Restart

    • July 28, 2026
    Russia Says Fuel Crisis Is Easing as Refineries Restart

    Indian Refinery MRPL Bars Crude Suppliers From Hormuz, Red Sea Routes

    • July 28, 2026
    Indian Refinery MRPL Bars Crude Suppliers From Hormuz, Red Sea Routes

    WE’RE IN CONTROL: Iran Says it Still Controls Strait, Not Seeking Talks, After Trump Halts Bombing

    • July 27, 2026
    WE’RE IN CONTROL: Iran Says it Still Controls Strait, Not Seeking Talks, After Trump Halts Bombing

    Oil Prices Hit One-Week Low After US, Iran Pause Fighting Over Weekend

    • July 27, 2026
    Oil Prices Hit One-Week Low After US, Iran Pause Fighting Over Weekend

    THE OIL MARKET: Crude Oil Futures are Pricing Market Adaptability, Not Hopeful Iran Peace: Russell

    • July 27, 2026
    THE OIL MARKET: Crude Oil Futures are Pricing Market Adaptability, Not Hopeful Iran Peace: Russell

    Trump May Need to Allow Chinese Minerals as US Industry Struggles to Meet 2027 deadline

    • July 27, 2026
    Trump May Need to Allow Chinese Minerals as US Industry Struggles to Meet 2027 deadline

    BEEFING IT UP: Expand Energy to Beef Up Gas Marketing Business with $1.25 Billion Twin Eagle Deal

    • July 27, 2026
    BEEFING IT UP: Expand Energy to Beef Up Gas Marketing Business with $1.25 Billion Twin Eagle Deal