Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
Please consider a small donation if you think this website provides you with relevant information
| Statement |
|---|
| So I think overall, we're very excited |
| But overall, I think it's a tremendous opportunity for us overall |
| We have some of the best talent that we attracted from our competition in the industrial gas field from EPC company, operating company to really execute these projects |
| So we feel very confident about getting to the finish line successfully on those |
| In the Americas, refining is very strong |
| The project we've done in Louisiana, basically, that's a unique location where you really can capture the CO2 in a very good, safe fashion |
| We feel very confident about them that they're going to really deliver more than our traditional 10% IRR, very, very confident about that |
| So when we were doing Louisiana, we found that the CO2 sequestration field we have are very solid |
| Serhan's point, the other project which we're developing, the green hydrogen project in Upstate New York, to his point, at prevailing gray liquid hydrogen prices, that project has very compelling returns |
| So again, stronger growth in the volume when it comes also to our base business |
| So I think we're really excited about where this is all happening |
| Then when we took over, we did more testing and the results also were very good, very impressive when it comes to what we achieved |
| It's good, solid business fundamentals |
| It's very solid |
| So this shows you, it's an incredibly impressive site to visit to see the hydrogen plant, their separation plan, the electrolyzers, the hydrogen bullets, the ammonia plant, the |
| Now we have 10 execution centers worldwide working in 24 hours on these jobs with the best talent really available in the market with the best state-of-the-art tools that are available in the market |
| But ultimately, what they're doing is they're making it much cheaper for a producer to produce these low carbon molecules, right? Which I think we are taking advantage of and it helps our consumers, it makes it easier for them |
| All of that really got us the confidence to basically be the first mover when it comes to the low carbon hydrogen |
| If we go to the Middle East, our joint venture there, the Jazan joint venture is doing very well according to target |
| We're winning more than our fair share of opportunities there |
| When it comes to Europe, again, strong on sites |
| I don't want to -- so again, we put our expert on it, and we developed the ammonia cracker Air Products, incredibly efficient |
| as well as a lot of socioeconomic benefits in the regions of the U.S |
| And also, we have volume growth |
| And that's why we have committed and we said we want to be the world leader in blue hydrogen and green hydrogen |
| Because of that passion commitment that we have and the confidence in delivering |
| And also on the top of this, we built the helium cavern in Texas, where we store also helium to improve the reliability of supply for our customers |
| We expected we were more optimistic about China |
| Helium was short for like 3 years, and that drove the pricing higher |
| So we were upsizing the project to try to make sure that we're getting blends that are very efficient and very low on the cost curve |
| Statement |
|---|
| So because of that softness in the demand more supply, that put pressure on the pricing |
| Patrick Cunningham And then just on Louisiana, I think there was a lot of -- I think there was a lot of negative reaction to that CapEx, higher CapEx number there |
| We see some headwinds |
| I think Air Products, we tried hold to upper up pricing, and we lost some volume because of that |
| Asia, especially China, is definitely weak |
| And maybe just there was some negative reaction to the last earnings call |
| Electronics, overall, and especially in Asia, has been soft for some time right now |
| People just suggesting taking on multiple parts of the value chain, there's risks and things like ammonia cracking |
| Again, we bought a challenge to do that project, okay, we cannot ship hydrogen |
| But overall, we see softness with the exception of the refining, which is really very strong |
| Again, construction chemicals, I still see some softness there |
| There were some softness, again, Asia leading that and especially in electronics |
| I mean what we're really building at Air Products and others also announced their project, it's really a drop in the ocean to this demand |
| So again, there are hurdles |
| In addition to that, there was a product leak in helium out of Russia |
| I mean -- and I think just like we really see the market underestimating this |
| It's really underestimated |
| But to do that, you lose 30% to 40% of the product |
| Today, I mean, I think we're below $2 |
| The next couple of years will be more elevated, and then it would trend down if we don't announce any more new projects |
Please consider a small donation if you think this website provides you with relevant information