Air Products touches the lives of consumers around the globe in positive ways every day. Focused on serving energy, environment and emerging markets, we provide essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemical, metals, electronics, manufacturing, and food and beverage. We are also the global leader in the supply of liquefied natural gas process technology and equipment. Air Products develops, engineers, builds, owns and operates some of the world's largest industrial gas projects, including gasification projects that sustainably convert abundant natural resources into syngas for the production of high-value power, fuels and chemicals.
Founded in 1940, Air Products has built a reputation for its innovative culture, operational excellence and commitment to safety and the environment. Our passionate, talented and committed employees from diverse backgrounds are driven by Air Products' higher purpose to create innovative solutions that benefit the environment, enhance sustainability and address the challenges facing customers, communities and the world.
You probably don't know it, but Air Products is part of hundreds of everyday things. Our gases enhance the quality of the frozen foods you eat, make your flat-screen LCD TV look amazing, and enable MRI images of your body to help doctors treat your injury... and those are just a few of the many ways we advance your everyday life.
(Excerpt from Seifi Ghasemi's 2023 Shareholder Letter)
At Air Products, we have built an outstanding organization. Our people are creating innovative technologies, processes, and facilities to address the world’s most significant environmental and sustainability challenges. As of the end of fiscal 2023, we have committed approximately $15 billion to projects intended to accelerate the energy transition, including those that will deliver low- and zero-carbon hydrogen at scale to decarbonize heavy-duty transportation and industrial sectors. We are doing this alongside our excellent core industrial gas business, which is delivering significant efficiency and productivity benefits and improving environmental performance for our customers around the world.
I would like to thank each of our talented, dedicated, and motivated employees for their exceptional contributions to our strong fiscal 2023 performance. I am honored every day to be working alongside this team, which continues to focus on delivering near-term results while executing on our long-term growth strategy. Working together, we continue to build a diverse and inclusive culture where 23,000 people can feel they belong and matter…