Alliance Federated Energy and Air Products Announce Joint Development Agreement
For additional information, contact: Joshua Morby, 414-791-9120, jmorby@afeservices.com
MILWAUKEE, December 9, 2010 – Alliance Federated Energy (AFE) today announced the signing of a Joint Development Agreement (JDA) with Air Products and Chemicals, Inc. (NYSE: APD). Air Products will act as AFE's advisor on the design of Project Apollo, a 40 megawatt (MW) renewable energy from waste project under development by AFE in Milwaukee, Wisconsin utilizing advanced plasma gasification technology provided by AlterNRG of Calgary. Should the project proceed to construction, under the JDA Air Products would operate the facility, which is expected to create more than 250 jobs during construction and employ 45 full-time staff once operational.
As part of the JDA, AFE and Air Products will also collaborate on future waste-to-energy plasma gasification opportunities in the upper Midwest region of the United States. Air Products is a global leader with over 30 years of experience on gasification projects and in providing proprietary gas clean-up technology and process and operating expertise. Recently, Air Products announced a proposed 49 MW waste-to-energy project in Northeast England.
About Alliance Federated Energy
Established in 2005, Alliance Federated Energy is a developer of renewable energy and related infrastructure projects focused on environmentally sustainable technologies, with a specific focus on plasma gasification technology to generate electric and thermal energy and bio-fuels.
About Air Products and Chemicals, Inc.
Air Products (NYSE:APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. In fiscal 2010, Air Products had revenues of $9 billion, operations in over 40 countries, and 18,300 employees around the globe. For more information, visit www.airproducts.com.