Air Products & Chemicals: NEOM Deal and Project Cancellation Ignite Price Boost
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News: Air Products & Chemicals cancels the low-yield LCEC hydrogen project and incurs a special charge of up to USD 2.9 billion. Volume Reason: The radical move demonstrates enormous financial discipline; simultaneously, the alliance with Yara is increasing the volume for the NEOM hydrogen project. Perspective: The focus on highly profitable core projects sustainably stabilizes margins, which is why the stock has accumulated a gain of +8.04%. A strategic portfolio cleanup catapults the stock of Air Products & Chemicals upward under...
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