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
    • March 26, 2026
    Flawed policy forced UK into CO2 U-turn, says expert

       

    • Gas
    • March 26, 2026
    US biogas facilities double, bringing CO2 opportunity

       

    Have You Seen?

    Flawed policy forced UK into CO2 U-turn, says expert

    • March 26, 2026
    Flawed policy forced UK into CO2 U-turn, says expert

    Venezuela Oil Production Climbs to 1.1 Million Bpd

    • March 26, 2026
    Venezuela Oil Production Climbs to 1.1 Million Bpd

    The Iran War Has Upended Global LNG Markets

    • March 26, 2026
    The Iran War Has Upended Global LNG Markets

    Saudi Oil Exports to China and India Set to Fall Amid War Disruptions

    • March 26, 2026
    Saudi Oil Exports to China and India Set to Fall Amid War Disruptions

    ScottishPower Secures £600 Million From The National Wealth Fund To Advance The Eastern Green Link 4 Subsea Project Through Parent Company Iberdrola

    • March 26, 2026
    ScottishPower Secures £600 Million From The National Wealth Fund To Advance The Eastern Green Link 4 Subsea Project Through Parent Company Iberdrola

    Energy Storage Safety Elevated: Sungrow & TÜV Rheinland White Paper Unveiled

    • March 26, 2026
    Energy Storage Safety Elevated: Sungrow & TÜV Rheinland White Paper Unveiled

    US biogas facilities double, bringing CO2 opportunity

    • March 26, 2026
    US biogas facilities double, bringing CO2 opportunity

    Recharge Power Secures 20 MW Energy Storage Deal to Expand Presence in Japan

    • March 26, 2026
    Recharge Power Secures 20 MW Energy Storage Deal to Expand Presence in Japan

    Sungrow Signs Landmark 1 GWh Energy Storage Agreement With Romania’s ENEVO Group

    • March 26, 2026
    Sungrow Signs Landmark 1 GWh Energy Storage Agreement With Romania’s ENEVO Group

    JR Kyushu And Daiwa Energy Partner To Develop 6.7 MW Solar Project In Japan

    • March 26, 2026
    JR Kyushu And Daiwa Energy Partner To Develop 6.7 MW Solar Project In Japan