Air Products Partners with Yara on Low-Emission Ammonia Projects, Estimated Cost $8-9 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Source: PRnewswire
Updated: 1 hour ago0mins
- Project Scale: Air Products is developing the world's largest low-carbon energy complex in Louisiana, designed to produce over 750 million standard cubic feet of low-carbon hydrogen daily while capturing 95% of CO2 emissions, which is expected to enhance the company's leadership in the low-emission ammonia market.
- Strategic Partnership: Yara will acquire ammonia production, storage, and shipping facilities for approximately 25% of the total project cost, which is estimated between $8-9 billion, thereby integrating the ammonia output into its global distribution network and enhancing its market competitiveness.
- Long-Term Agreement: The 25-year offtake agreement between Air Products and Yara will ensure the production of 2.8 million tonnes of low-carbon ammonia annually, addressing the increasing demand for low-emission ammonia, particularly in the European market.
- Project Progress: The NEOM Green Hydrogen Project in Saudi Arabia is over 90% complete and is expected to commence commercial production in 2027, with Air Products as the sole buyer of up to 1.2 million tonnes of renewable ammonia per year, further solidifying its position in the global ammonia market.
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Analyst Views on APD
Wall Street analysts forecast APD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for APD is 310.71 USD with a low forecast of 260.00 USD and a high forecast of 375.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
10 Buy
3 Hold
1 Sell
Moderate Buy
Current: 261.620
Low
260.00
Averages
310.71
High
375.00
Current: 261.620
Low
260.00
Averages
310.71
High
375.00
Evercore ISI
Outperform
to
NULL
downgrade
$375 -> $325
2025-11-11
Reason
Evercore ISI
Price Target
$375 -> $325
2025-11-11
downgrade
Outperform
to
NULL
Reason
Evercore ISI lowered the firm's price target on Air Products to $325 from $375 and keeps an Outperform rating on the shares. Q3 marked a shift from earnings-driven moves among chemicals companies, with two-thirds of about 20 chemical names rallying 6% on average post-results, despite half guiding below expectations for Q4 and negative revisions averaging 12%, the analyst tells investors in an earnings recap note for the group.
UBS
Buy
downgrade
$350 -> $310
2025-11-07
Reason
UBS
Price Target
$350 -> $310
2025-11-07
downgrade
Buy
Reason
UBS lowered the firm's price target on Air Products to $310 from $350 and keeps a Buy rating on the shares. Air Products' September quarter was "messy," but in-line with estimates, and guidance for fiscal 2026 was much better than feared, the analyst tells investors in a research note.
BMO Capital
Market Perform
downgrade
$310 -> $295
2025-11-07
Reason
BMO Capital
Price Target
$310 -> $295
2025-11-07
downgrade
Market Perform
Reason
BMO Capital lowered the firm's price target on Air Products to $295 from $310 and keeps a Market Perform rating on the shares. The company's modest beat and in-line guide against expectations of a miss positively surprised and sent the stock up 9%, though the firm now prefers to wait for a better entry point to get more constructive on the name, the analyst tells investors in a research note.
JPMorgan
Jeffrey Zekauskas
Neutral
downgrade
$275 -> $260
2025-11-07
Reason
JPMorgan
Jeffrey Zekauskas
Price Target
$275 -> $260
2025-11-07
downgrade
Neutral
Reason
JPMorgan analyst Jeffrey Zekauskas lowered the firm's price target on Air Products to $260 from $275 and keeps a Neutral rating on the shares.
See All Ratings
About APD
Air Products and Chemicals, Inc. is an industrial gases company. The Company is focused on serving energy, environmental, and emerging markets. Its base business provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, and food. The Company also develops, engineers, builds, owns and operates clean hydrogen projects supporting the transition to low- and zero-carbon energy in the heavy-duty transportation and industrial sectors. In addition, the Company provides turbomachinery, membrane systems and cryogenic containers globally. The Company has operations in approximately 50 countries. Its industries include aerospace, analytical labs & research/science, automotive, beverages, bioenergy, biotechnology, cement and lime, chemicals, electronics, food, glass and frit, hydrogen energy, medical, metals and materials processing, metals production, medical and others.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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