Air Products has issued its first green bonds to fund investments in ammonia, hydrogen and sustainable aviation fuels (SAF).

The bond offerings totalled $600m aggregate principal amount of US dollar-denominated fixed-rate notes and €700m aggregate principal amount of euro-denominated fixed-rate notes.

Seifi Ghasemi, Chairman, President and CEO, said sustainability is key to its growth strategy.

He said, “We want to grow responsibly through sustainability-driven opportunities that benefit our customers and our world. Importantly, our multi-currency green bond offerings make us the first US chemical company to issue with green and blue hydrogen as an eligible expenditure category, further reinforcing our leading position advancing the energy transition through hydrogen for zero-emission transportation and industrial decarbonisation.”