{"success":true,"data":{"pressRelease":{"id":"163441","rtpr_id":"nPn9xx4cma-20261007","ticker":"APD","exchange":"NYSE","all_tickers":["APD"],"title":"Air Products to Supply Malaysia's First LNG-Based Air Separation Unit for PETRONAS Gas Berhad-Led Joint Venture","author":"PR Newswire","published_at":"2026-10-07T17:00:00.438Z","article_body":"Air Products to Supply Malaysia's First LNG-Based Air Separation Unit for PETRONAS Gas Berhad-Led Joint Venture\nPR Newswire\n\nKUALA LUMPUR, Malaysia, Oct. 7, 2026\n\nProject improves energy efficiency and supports industrial growth in Malaysia\n\nKUALA LUMPUR, Malaysia, Oct. 7, 2026 /PRNewswire/ -- Air Products (NYSE: APD),\na world-leading industrial gases company that has served Malaysia for more\nthan 50 years, today announced it has concluded the definitive agreement with\nPG Cold Energy 1 Sdn. Bhd. (PGCE1), a joint venture led by PETRONAS Gas Berhad\nvia PG Energia Sdn. Bhd. and DIALOG Group Berhad via DIALOG Equity (Three)\nSdn. Bhd. Under the arrangement, Air Products is responsible for the design,\nbuild and operation of the LNG-based Air Separation Unit (ASU) at the\nPengerang LNG regasification terminal in Johor. The facility will produce more\nthan 600 tonnes of liquid oxygen, nitrogen and argon per day and is expected\nto come onstream by early 2027.\n\nThis project reinforces Air Products' long-term commitment to Malaysia,\nexpands its production capabilities in Southern and Central Malaysia, and\nmarks its fifth LNG-based ASU in Asia.\n\nA document exchange ceremony was held at the PETRONAS Twin Towers to mark this\nmilestone. The ceremony was attended by senior executives, including PETRONAS\nGas Berhad's Managing Director/Chief Executive Officer Abdul Aziz Othman,\nDIALOG Executive Deputy Chairman Chan Yew Kai and Air Products' Asia\nPresident, Kurt Lefevere, underscoring the strategic importance of the project\nand the strength of the long-standing partnership between PETRONAS Gas Berhad\nand Air Products.\n\nThe new plant will supply the merchant market in Southern and Central\nMalaysia, strengthening Air Products' ability to serve key industrial hubs and\nsupport growing demand from the electrical and electronics, petrochemicals,\naerospace and manufacturing sectors.\n\nBy using cold energy from the LNG regasification process to liquefy air at low\ntemperatures, the plant will improve energy efficiency and reduce\nproduction-related emissions, helping customers reduce their carbon footprint\nthrough a more energy-efficient and lower-emission supply of industrial gas\nsolutions.\n\n\"Our relationship with PETRONAS Gas Berhad spans more than four decades, and\nwe are honored by their continued trust in Air Products to support their and\nMalaysia's effort to advance lower-emission industrial development,\" said\nRamani Velu, Air Products' Southeast Asia President. \"This investment\nunderscores our long-term commitment to Malaysia and our focus on delivering\nsafe, reliable, and energy-efficient solutions that support our customers'\ngrowth. It also strengthens our ability to serve customers across the\ncountry.\"\n\nAir Products has operated in Malaysia since 1974 and maintains a strong\nnetwork of state-of-the-art production facilities and depots strategically\nlocated across the country. In the Northern Region, the company serves key\nindustries, including electrical and electronics, through advanced ASUs in the\nPrai Industrial Area, and a pipeline network in the Batu Kawan and the Bayan\nLepas Industrial Park in Penang.\n\nAbout Air Products\n\nAir Products (NYSE: APD\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4791810-1&h=362057700&u=https%3A%2F%2Finvestors.airproducts.com%2Fstock-information&a=APD)\n) is a world-leading industrial gases company in operation for over 85 years\nfocused on serving energy, environmental, and emerging markets and generating\na cleaner future. The Company supplies essential industrial gases, related\nequipment and applications expertise to customers in dozens of industries,\nincluding refining, chemicals, metals, electronics, manufacturing, medical and\nfood. As the leading global hydrogen supplier, Air Products develops,\nengineers, builds, owns and operates some of the world's largest hydrogen\nprojects. Through its sale of equipment businesses, the Company also provides\nturbomachinery, membrane systems and cryogenic containers globally.\n\nAir Products had fiscal 2025 sales of $12.0 billion from operations in\napproximately 50 countries. For more information, visit airproducts.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4791810-1&h=3628360762&u=https%3A%2F%2Fnam10.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fwww.airproducts.com%252F%26data%3D05%257C02%257CMALINABC%2540airproducts.com%257Cc2151ebc66644198848208ded6ad7711%257C950af35660254fdb96a0a9be6b893fec%257C0%257C0%257C639184237685810234%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3DjnFUaTcIWouh3Ygl4U3YlCMAP1m1uAw4CnMpNXtkYjI%253D%26reserved%3D0&a=airproducts.com)\n or follow us on LinkedIn\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4791810-1&h=861381456&u=https%3A%2F%2Fnam10.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fwww.linkedin.com%252Fcompany%252F4156%252Fadmin%252F%26data%3D05%257C02%257CMALINABC%2540airproducts.com%257Cc2151ebc66644198848208ded6ad7711%257C950af35660254fdb96a0a9be6b893fec%257C0%257C0%257C639184237685819655%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3DUaLAMtEUVbTqdiM55uHFV%252FTHBRm658VlvmYJMB1TAqE%253D%26reserved%3D0&a=LinkedIn)\n, X\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4791810-1&h=2397034332&u=https%3A%2F%2Fnam10.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Ftwitter.com%252Fairproducts%26data%3D05%257C02%257CMALINABC%2540airproducts.com%257Cc2151ebc66644198848208ded6ad7711%257C950af35660254fdb96a0a9be6b893fec%257C0%257C0%257C639184237685828700%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3DQfc%252BpIjZjDD2jHLg1OrjNYOSpTlV1ZbVU5e5deiL5u8%253D%26reserved%3D0&a=X)\n, Facebook\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4791810-1&h=983882489&u=https%3A%2F%2Fnam10.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fwww.facebook.com%252Fairproducts%26data%3D05%257C02%257CMALINABC%2540airproducts.com%257Cc2151ebc66644198848208ded6ad7711%257C950af35660254fdb96a0a9be6b893fec%257C0%257C0%257C639184237685837790%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3DyyazZAzw188HsJJfDd1tWmiuqlW3Z1lX5DnCAjQoLLs%253D%26reserved%3D0&a=Facebook)\n or Instagram\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4791810-1&h=1728962602&u=https%3A%2F%2Fnam10.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fwww.instagram.com%252Fairproductsglobal%252F%26data%3D05%257C02%257CMALINABC%2540airproducts.com%257Cc2151ebc66644198848208ded6ad7711%257C950af35660254fdb96a0a9be6b893fec%257C0%257C0%257C639184237685846627%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3Dp3lb7h2TlqhulSsTfrpNUMlmzDgccJ2QJAbkz49yT2w%253D%26reserved%3D0&a=Instagram)\n.\n\nCautionary Note Regarding Forward-Looking Statements\n\nThis release contains \"forward-looking statements\" within the safe harbor\nprovisions of the Private Securities Litigation Reform Act of 1995. These\nforward-looking statements are based on management's expectations and\nassumptions as of the date of this release and are not guarantees of future\nperformance. While forward-looking statements are made in good faith and based\non assumptions, expectations and projections that management believes are\nreasonable based on currently available information, actual performance and\nfinancial results may differ materially from projections and estimates\nexpressed in the forward-looking statements because of many factors, including\nthe risk factors described in our Annual Report on Form 10-K for the fiscal\nyear ended September 30, 2025 and other factors disclosed in our filings with\nthe Securities and Exchange Commission. Except as required by law, we disclaim\nany obligation or undertaking to update or revise any forward-looking\nstatements contained herein to reflect any change in the assumptions, beliefs\nor expectations or any change in events, conditions or circumstances upon\nwhich any such forward-looking statements are based.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/air-products-to-supply-malaysias-first-lng-based-air-separation-unit-for-petronas-gas-berhad-led-joint-venture-302901354.html\n(https://www.prnewswire.com/news-releases/air-products-to-supply-malaysias-first-lng-based-air-separation-unit-for-petronas-gas-berhad-led-joint-venture-302901354.html)\n\nSOURCE Air Products\n\n\n\nMedia Inquiries: (Asia) Jessica Cheng, tel: + 852 93025597; email: chengjs@airproducts.com; (U.S) Brian Malina, tel: +1 (610) 481-3898; email: malinabc@airproducts.com; Investor Inquiries: Megan Britt, tel: + 1 (610) 481-0590; brittm@airproducts.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS2004285/Air-Products-PETRONAS-ASU.jpg?id=OA2992484\nhttps://mmx.prnewswire.com/media/MS692636/AirProducts-logo-Logo.jpg?id=OA2992472\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn9xx4cma-20261007","title":"Air Products to Supply Malaysia's First LNG-Based Air Separation Unit for PETRONAS Gas Berhad-Led Joint Venture","author":"PR Newswire","ticker":"APD","created":"2026-10-07T17:00:00.438Z","tickers":["APD"],"exchange":"NYSE","article_body":"Air Products to Supply Malaysia's First LNG-Based Air Separation Unit for PETRONAS Gas Berhad-Led Joint Venture\nPR Newswire\n\nKUALA LUMPUR, Malaysia, Oct. 7, 2026\n\nProject improves energy efficiency and supports industrial growth in Malaysia\n\nKUALA LUMPUR, Malaysia, Oct. 7, 2026 /PRNewswire/ -- Air Products (NYSE: APD),\na world-leading industrial gases company that has served Malaysia for more\nthan 50 years, today announced it has concluded the definitive agreement with\nPG Cold Energy 1 Sdn. Bhd. (PGCE1), a joint venture led by PETRONAS Gas Berhad\nvia PG Energia Sdn. Bhd. and DIALOG Group Berhad via DIALOG Equity (Three)\nSdn. Bhd. Under the arrangement, Air Products is responsible for the design,\nbuild and operation of the LNG-based Air Separation Unit (ASU) at the\nPengerang LNG regasification terminal in Johor. The facility will produce more\nthan 600 tonnes of liquid oxygen, nitrogen and argon per day and is expected\nto come onstream by early 2027.\n\nThis project reinforces Air Products' long-term commitment to Malaysia,\nexpands its production capabilities in Southern and Central Malaysia, and\nmarks its fifth LNG-based ASU in Asia.\n\nA document exchange ceremony was held at the PETRONAS Twin Towers to mark this\nmilestone. The ceremony was attended by senior executives, including PETRONAS\nGas Berhad's Managing Director/Chief Executive Officer Abdul Aziz Othman,\nDIALOG Executive Deputy Chairman Chan Yew Kai and Air Products' Asia\nPresident, Kurt Lefevere, underscoring the strategic importance of the project\nand the strength of the long-standing partnership between PETRONAS Gas Berhad\nand Air Products.\n\nThe new plant will supply the merchant market in Southern and Central\nMalaysia, strengthening Air Products' ability to serve key industrial hubs and\nsupport growing demand from the electrical and electronics, petrochemicals,\naerospace and manufacturing sectors.\n\nBy using cold energy from the LNG regasification process to liquefy air at low\ntemperatures, the plant will improve energy efficiency and reduce\nproduction-related emissions, helping customers reduce their carbon footprint\nthrough a more energy-efficient and lower-emission supply of industrial gas\nsolutions.\n\n\"Our relationship with PETRONAS Gas Berhad spans more than four decades, and\nwe are honored by their continued trust in Air Products to support their and\nMalaysia's effort to advance lower-emission industrial development,\" said\nRamani Velu, Air Products' Southeast Asia President. \"This investment\nunderscores our long-term commitment to Malaysia and our focus on delivering\nsafe, reliable, and energy-efficient solutions that support our customers'\ngrowth. It also strengthens our ability to serve customers across the\ncountry.\"\n\nAir Products has operated in Malaysia since 1974 and maintains a strong\nnetwork of state-of-the-art production facilities and depots strategically\nlocated across the country. In the Northern Region, the company serves key\nindustries, including electrical and electronics, through advanced ASUs in the\nPrai Industrial Area, and a pipeline network in the Batu Kawan and the Bayan\nLepas Industrial Park in Penang.\n\nAbout Air Products\n\nAir Products (NYSE: APD\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4791810-1&h=362057700&u=https%3A%2F%2Finvestors.airproducts.com%2Fstock-information&a=APD)\n) is a world-leading industrial gases company in operation for over 85 years\nfocused on serving energy, environmental, and emerging markets and generating\na cleaner future. The Company supplies essential industrial gases, related\nequipment and applications expertise to customers in dozens of industries,\nincluding refining, chemicals, metals, electronics, manufacturing, medical and\nfood. As the leading global hydrogen supplier, Air Products develops,\nengineers, builds, owns and operates some of the world's largest hydrogen\nprojects. Through its sale of equipment businesses, the Company also provides\nturbomachinery, membrane systems and cryogenic containers globally.\n\nAir Products had fiscal 2025 sales of $12.0 billion from operations in\napproximately 50 countries. For more information, visit airproducts.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4791810-1&h=3628360762&u=https%3A%2F%2Fnam10.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fwww.airproducts.com%252F%26data%3D05%257C02%257CMALINABC%2540airproducts.com%257Cc2151ebc66644198848208ded6ad7711%257C950af35660254fdb96a0a9be6b893fec%257C0%257C0%257C639184237685810234%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3DjnFUaTcIWouh3Ygl4U3YlCMAP1m1uAw4CnMpNXtkYjI%253D%26reserved%3D0&a=airproducts.com)\n or follow us on LinkedIn\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4791810-1&h=861381456&u=https%3A%2F%2Fnam10.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fwww.linkedin.com%252Fcompany%252F4156%252Fadmin%252F%26data%3D05%257C02%257CMALINABC%2540airproducts.com%257Cc2151ebc66644198848208ded6ad7711%257C950af35660254fdb96a0a9be6b893fec%257C0%257C0%257C639184237685819655%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3DUaLAMtEUVbTqdiM55uHFV%252FTHBRm658VlvmYJMB1TAqE%253D%26reserved%3D0&a=LinkedIn)\n, X\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4791810-1&h=2397034332&u=https%3A%2F%2Fnam10.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Ftwitter.com%252Fairproducts%26data%3D05%257C02%257CMALINABC%2540airproducts.com%257Cc2151ebc66644198848208ded6ad7711%257C950af35660254fdb96a0a9be6b893fec%257C0%257C0%257C639184237685828700%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3DQfc%252BpIjZjDD2jHLg1OrjNYOSpTlV1ZbVU5e5deiL5u8%253D%26reserved%3D0&a=X)\n, Facebook\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4791810-1&h=983882489&u=https%3A%2F%2Fnam10.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fwww.facebook.com%252Fairproducts%26data%3D05%257C02%257CMALINABC%2540airproducts.com%257Cc2151ebc66644198848208ded6ad7711%257C950af35660254fdb96a0a9be6b893fec%257C0%257C0%257C639184237685837790%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3DyyazZAzw188HsJJfDd1tWmiuqlW3Z1lX5DnCAjQoLLs%253D%26reserved%3D0&a=Facebook)\n or Instagram\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4791810-1&h=1728962602&u=https%3A%2F%2Fnam10.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fwww.instagram.com%252Fairproductsglobal%252F%26data%3D05%257C02%257CMALINABC%2540airproducts.com%257Cc2151ebc66644198848208ded6ad7711%257C950af35660254fdb96a0a9be6b893fec%257C0%257C0%257C639184237685846627%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3Dp3lb7h2TlqhulSsTfrpNUMlmzDgccJ2QJAbkz49yT2w%253D%26reserved%3D0&a=Instagram)\n.\n\nCautionary Note Regarding Forward-Looking Statements\n\nThis release contains \"forward-looking statements\" within the safe harbor\nprovisions of the Private Securities Litigation Reform Act of 1995. These\nforward-looking statements are based on management's expectations and\nassumptions as of the date of this release and are not guarantees of future\nperformance. While forward-looking statements are made in good faith and based\non assumptions, expectations and projections that management believes are\nreasonable based on currently available information, actual performance and\nfinancial results may differ materially from projections and estimates\nexpressed in the forward-looking statements because of many factors, including\nthe risk factors described in our Annual Report on Form 10-K for the fiscal\nyear ended September 30, 2025 and other factors disclosed in our filings with\nthe Securities and Exchange Commission. Except as required by law, we disclaim\nany obligation or undertaking to update or revise any forward-looking\nstatements contained herein to reflect any change in the assumptions, beliefs\nor expectations or any change in events, conditions or circumstances upon\nwhich any such forward-looking statements are based.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/air-products-to-supply-malaysias-first-lng-based-air-separation-unit-for-petronas-gas-berhad-led-joint-venture-302901354.html\n(https://www.prnewswire.com/news-releases/air-products-to-supply-malaysias-first-lng-based-air-separation-unit-for-petronas-gas-berhad-led-joint-venture-302901354.html)\n\nSOURCE Air Products\n\n\n\nMedia Inquiries: (Asia) Jessica Cheng, tel: + 852 93025597; email: chengjs@airproducts.com; (U.S) Brian Malina, tel: +1 (610) 481-3898; email: malinabc@airproducts.com; Investor Inquiries: Megan Britt, tel: + 1 (610) 481-0590; brittm@airproducts.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS2004285/Air-Products-PETRONAS-ASU.jpg?id=OA2992484\nhttps://mmx.prnewswire.com/media/MS692636/AirProducts-logo-Logo.jpg?id=OA2992472\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-10-07T17:00:00.478235355Z","server_sent_at_ms":1791392400478},"received_at":"2026-10-07T17:00:00.530Z","source_url":"https://www.prnewswire.com/news-releases/air-products-to-supply-malaysias-first-lng-based-air-separation-unit-for-petronas-gas-berhad-led-joint-venture-302901354.html"},"analysis":{"id":"151896","press_release_id":"163441","analysis_json":{"industry":{"label":"Chemicals","sector":"Materials"},"redFlags":[],"eventType":"operations_update","narrative":"Air Products has signed a definitive agreement to design, build and operate Malaysia's first LNG-based air separation unit at the Pengerang LNG regasification terminal in Johor, under a joint venture led by PETRONAS Gas Berhad.\n\nThe plant will produce more than 600 tonnes per day of liquid oxygen, nitrogen and argon for the Southern and Central Malaysia merchant market, with startup expected by early 2027; it is Air Products' fifth LNG-based ASU in Asia.\n\nBy recycling cold energy from LNG regasification, the facility improves energy efficiency and lowers production emissions, supporting demand from electronics, petrochemical, aerospace and manufacturing customers.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Steady-state international expansion: energy-efficient LNG cold-energy ASU deepens APD's four-decade PETRONAS relationship."},"keyFigures":{"customDimensions":{"onstream":"early 2027","fy2025_revenue":"$12.0 billion","asu_capacity_tonnes_per_day":600,"lng_based_asu_count_in_asia":5}},"quotedText":"Our relationship with PETRONAS Gas Berhad spans more than four decades, and we are honored by their continued trust in Air Products to support their and Malaysia's effort to advance lower-emission industrial development","namedEntities":{"people":[{"name":"Abdul Aziz Othman","role":"Managing Director/CEO, PETRONAS Gas Berhad"},{"name":"Chan Yew Kai","role":"Executive Deputy Chairman, DIALOG Group Berhad"},{"name":"Kurt Lefevere","role":"Asia President, Air Products"},{"name":"Ramani Velu","role":"Southeast Asia President, Air Products"}],"products":["LNG-based Air Separation Unit (ASU)","liquid oxygen","nitrogen","argon"],"companies":[{"name":"Air Products","ticker":"APD","relationship":"filer / technology and operations supplier"},{"name":"PETRONAS Gas Berhad","relationship":"joint venture lead partner / customer"},{"name":"PG Cold Energy 1 Sdn. Bhd.","relationship":"joint venture counterparty"},{"name":"PG Energia Sdn. Bhd.","relationship":"joint venture member"},{"name":"DIALOG Group Berhad","relationship":"joint venture member"},{"name":"DIALOG Equity (Three) Sdn. Bhd.","relationship":"joint venture member"}],"dollarAmounts":[{"amount":"$12.0 billion","context":"Air Products fiscal 2025 sales"}]},"materialImpact":{"score":2,"reasoning":"A regional capacity expansion project (600+ tonnes/day ASU in Malaysia) with long-term merchant supply; strategically positive but modest relative to APD's $12B revenue base and no financial terms disclosed."},"tickerRelevance":{"others":[],"primary":"APD"},"globalImportance":20,"audienceRelevance":15,"eventTypeSecondary":["partnership"],"importanceComponents":{"tickerTier":"large-cap","eventGravity":"routine regional capacity expansion","issuerAuthored":true,"financialTermsDisclosed":false}},"event_type":"operations_update","event_type_secondary":["partnership"],"sentiment":"bullish","material_impact_score":2,"narrative":"Air Products has signed a definitive agreement to design, build and operate Malaysia's first LNG-based air separation unit at the Pengerang LNG regasification terminal in Johor, under a joint venture led by PETRONAS Gas Berhad.\n\nThe plant will produce more than 600 tonnes per day of liquid oxygen, nitrogen and argon for the Southern and Central Malaysia merchant market, with startup expected by early 2027; it is Air Products' fifth LNG-based ASU in Asia.\n\nBy recycling cold energy from LNG regasification, the facility improves energy efficiency and lowers production emissions, supporting demand from electronics, petrochemical, aerospace and manufacturing customers.","key_figures":{"customDimensions":{"onstream":"early 2027","fy2025_revenue":"$12.0 billion","asu_capacity_tonnes_per_day":600,"lng_based_asu_count_in_asia":5}},"named_entities":{"people":[{"name":"Abdul Aziz Othman","role":"Managing Director/CEO, PETRONAS Gas Berhad"},{"name":"Chan Yew Kai","role":"Executive Deputy Chairman, DIALOG Group Berhad"},{"name":"Kurt Lefevere","role":"Asia President, Air Products"},{"name":"Ramani Velu","role":"Southeast Asia President, Air Products"}],"products":["LNG-based Air Separation Unit (ASU)","liquid oxygen","nitrogen","argon"],"companies":[{"name":"Air Products","ticker":"APD","relationship":"filer / technology and operations supplier"},{"name":"PETRONAS Gas Berhad","relationship":"joint venture lead partner / customer"},{"name":"PG Cold Energy 1 Sdn. Bhd.","relationship":"joint venture counterparty"},{"name":"PG Energia Sdn. Bhd.","relationship":"joint venture member"},{"name":"DIALOG Group Berhad","relationship":"joint venture member"},{"name":"DIALOG Equity (Three) Sdn. Bhd.","relationship":"joint venture member"}],"dollarAmounts":[{"amount":"$12.0 billion","context":"Air Products fiscal 2025 sales"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-07T17:00:07.104Z","global_importance":20,"audience_relevance":15,"importance_components":{"tickerTier":"large-cap","eventGravity":"routine regional capacity expansion","issuerAuthored":true,"financialTermsDisclosed":false}},"durationMs":6544,"modelName":"glm-5.3-flashx"}}