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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
August 24, 2026

Lithuania approves EIA programme for Klaipėda CO2 terminal

By 53 min ago 2 min read Lithuania’s Environmental Protection Agency has approved the Environmental Impact Assessment (EIA) programme for a planned carbon dioxide (CO2) transshipment terminal in Klaipėda, marking…

Gas
August 24, 2026

US brewery records $100,000 loss from CO2 supply shortages

By 28 min ago 3 min read The president of a major US craft brewery has described how CO2 shortages and supply uncertainties led to $100,000 in lost revenues. Speaking…