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About Air Products A World Leader in Hydrogen Supply 1

Who Is Air Products? Global atmospheric, process and specialty gases, performance materials, equipment and services provider Serving industrial, energy, technology and healthcare markets worldwide Fortune 500 company Operations in over 40 countries ~19,000 employees worldwide Known for our innovative culture and operational excellence Corporate responsibility commitment 2 December 2010

The Leading Hydrogen Producer/Supplier Worldwide Air Products pioneered the first large- scale production of liquid hydrogen for possible use as military aircraft fuel in the late 1950 s Worldwide leadership position in thirdparty hydrogen production and distribution Safely operate 60 hydrogen production and processing facilities in several countries Broad range of hydrogen supply modes Continuous advances in hydrogen production technologies 3

Air Products: Liquid Hydrogen Supply by the Numbers Four Production Plants Capacity Location Feedstock T/D MM SCF/MO New Orleans (2) Natural Gas 74 850 Sarnia Natural Gas & Off-Gas 30 330 Sacramento Natural Gas 7 75 111 1,255 4 ~ 45% of NA Capacity Over 500 Customer Installations Over 100 Delivery Tankers Up to 1.4 MM SCF/Tanker Over 1,800 Deliveries/Month One Every 30 Minutes Centralized Maintenance, Distribution, Engineering

Air Products Unique Cryogenic Hydrogen Compressor (CHC) Technology 5

CHC: A Proprietary High-Pressure Liquid Hydrogen Compression Technology Liquid hydrogen CHC pumps H.P. Storage Vacuum jacketed pipe Pressure controls 6

Comparison of CHC System with Typical Cryogenic Pump Typical Liquid Hydrogen Pump Air Products CHC CHARACTERISTICS Liquid feed only Vapor return to tank top H 2 vent loss significant CHARACTERISTICS Liquid and vapor feed Vapor supply from tank top Two-phase flow allows minimal vent losses 7

Output of CHC vs. Conventional Cryogenic Pump CHC output can fluctuate and closely match changing demand requirements Throttle valve load follow Variable flow/pressure output On/off valve Constant flow/pressure output 8

A Typical CHC Delivery System Model Discharge Pressure, psig H 2 Flow, scfh CHC-1000 Up to 1,000 1,000-125,000 CHC-3000 Up to 3,000 1000-35,000 CHC-6000 Up to 6,000 1000-75,000 CHC- 7000 Up to 7,000 development Liquid System Compressor skid CHC-10,000 Up to 10,000 development Hydrogen tank Vaporization 9

CHC Features and Benefits 10 Features Flexible load following turndown 100% Two phase flow compression Output pressure from 120 to 10,000 psig Output flows from 1000 to 150,000 scfh Minimal high-pressure storage requirements Complete skidded modular components Microprocessor-based control panel Redundant compressors Customer Benefits Low-cost way to match changing production needs Virtual elimination of hydrogen vent loss Reliable and uninterrupted hydrogen supply system Continuous, safe hydrogen from the largest producer of liquid hydrogen in North America(~60% capacity) Modular components make for an expedient and safe installation Monitored by a 24/7 telemetry system

11 On-Site Hydrogen Generation

Air Products PRISM Hydrogen Generation Technology 77 MM scf/day (84,000 Nm 3 /h) 0.09 MM scf/day (100 Nm 3 /h) 12

Uses Steam Methane Reformer (SMR) Technology Water Furnace/ Reformer Desulfurizer Water Treatment PSA Syngas Shift Natural Gas Feed Compressor Hydrogen 13

Features of PRISM Modular On-Site H 2 Generators Product: 250 Nm 3 /hr H 2 (9,500 scfh) Up to 99.9999% H 2 7.2 barg (105 psig) (without booster compressor) Features: Industry s BEST efficiency (consumes lowest amount of NG) Automatic, unmanned operation Remotely operated Remote access for monitoring Modular. Simple installation. Size and Weight: 2.4m x 3.2m x 9.3m (8 0 x 10 7 x 30 6 ) 14,800 kg (32,700 pounds) H 2 Generator Leaving Shop - 100 Nm 3 /h (3,800 scfh H 2 ) 14

PRISM hydrogen generation systems Features Natural Gas Reformer PSA (Pressure Swing Adsorption) H 2 purifier Benefits Highest efficiency in class Robust reformer Highest turn down in market- 50% Up to 99.999% H 2 Purity Integrated Desulfurization System HMI Control Panel Interface Complete skidded modular components Customer can provide standard industrial natural gas Remote Operation and Monitoring Modular components make for an expedient and safe installation 15

Your Air Products Contacts Svetlana Ivanova Marketing and Applications Manager (610) 481-14741474 ivanovsm@airproducts.com Tim Lebrecht Commercial Technology (610) 481-83888388 lebrectd@airproducts.com Thank you www.airproducts.com 16

Thank You 17