As before, Air Products will continue to perform all services associated with the installation, start-up and maintenance of these assets. These pricing initiatives are necessary to help offset the escalation of costs associated with the production and distribution of these products and to recover costs tied to investments at customer sites. Previously implemented surcharges designed to recover extraordinary energy, fuel and delivery costs remain in effect and will be increased as necessary. In particular, natural gas prices have escalated dramatically, further necessitating continuing cost recovery actions. Natural gas is now impacting the cost of power generation, the key cost component in the production of atmospheric gases.
Natural gas is also a primary raw material for merchant hydrogen production.
This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations. Questions or comments about this news release may be directed to Catherine E. McDonald .