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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
July 20, 2026

Inpex Masela breaks ground on $21bn Abadi LNG project in Indonesia

By 5 min ago 2 min read Inpex Masela has broken ground on its long-delayed Abadi liquefied natural gas (LNG) project in the Masela Block of Indonesia’s Maluku province, backed…

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July 20, 2026

Messer Americas to invest $280m in Texas ASU complex

By 17 min ago 2 min read Messer Americas will invest $280m in a new air separation unit (ASU) complex in McGregor, Texas, to meet growing demand for industrial gases.…