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 transformed the industrial gases giant into a global powerhouse, spearheading some of the most ambitious projects in the industry.

From multi-billion-dollar gasification plants to groundbreaking hydrogen energy initiatives, Ghasemi’s tenure was defined by bold investments and a relentless focus on growth. As the company transitions to new leadership under former Linde executive Eduardo Menezes, we take a look back at the landmark projects that defined Ghasemi’s era and reshaped Air Products’ future.

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 not only pushed Air Products’ operational capabilities but also 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
    • June 18, 2026
    Acme’s Oman green ammonia project set for $4.2bn expansion

    By 32 min ago 2 min read Indian conglomerate Acme will commit $4.2bn to the second and third phases of its Oman green hydrogen and ammonia project, which is set…

    • Gas
    • June 18, 2026
    Quantum Helium confirms 2.5% helium concentrations in Colorado

    By 7 min ago 2 min read Helium exploration company Quantum Helium (Quantum) has recovered gas samples with helium concentrations of around 2.5% and demonstrated reservoir connectivity at its Sagebrush-1…

    Have You Seen?

    Oil Falls to Lowest Since Start of Iran War After Ceasefire Deal Signed

    • June 18, 2026
    Oil Falls to Lowest Since Start of Iran War After Ceasefire Deal Signed

    Hormuz Reopening to Release Wave of Oil Supply, Depress Prices

    • June 18, 2026
    Hormuz Reopening to Release Wave of Oil Supply, Depress Prices

    US Signs $725 Million Loan Pact with Energy Fuels to Boost Domestic Rare Earth Production

    • June 18, 2026
    US Signs $725 Million Loan Pact with Energy Fuels to Boost Domestic Rare Earth Production

    Gulf Exporters’ Quest to Bypass Hormuz Will Reshape the Region: Bousso

    • June 18, 2026
    Gulf Exporters’ Quest to Bypass Hormuz Will Reshape the Region: Bousso

    Top Stories Of The Day: PM Surya Ghar Rules Simplified; Smart Grid Tender Opens; MNRE Adds New Solar Partners and More…

    • June 18, 2026
    Top Stories Of The Day: PM Surya Ghar Rules Simplified; Smart Grid Tender Opens; MNRE Adds New Solar Partners and More…

    Acme’s Oman green ammonia project set for $4.2bn expansion

    • June 18, 2026
    Acme’s Oman green ammonia project set for $4.2bn expansion

    Quantum Helium confirms 2.5% helium concentrations in Colorado

    • June 18, 2026
    Quantum Helium confirms 2.5% helium concentrations in Colorado

    Green Energy Stocks Drive Market Momentum As Sensex And Nifty End Higher (18 June 2026)

    • June 18, 2026
    Green Energy Stocks Drive Market Momentum As Sensex And Nifty End Higher (18 June 2026)

    Philippines And Indonesia Firms Accelerate Electric Transition Amid Infrastructure Concerns

    • June 18, 2026
    Philippines And Indonesia Firms Accelerate Electric Transition Amid Infrastructure Concerns

    Burckhardt supplies tech for Northern Lights first liquefied CO2 carrier

    • June 18, 2026
    Burckhardt supplies tech for Northern Lights first liquefied CO2 carrier