Air Products awarded contract to supply liquid nitrogen to JRC project Air Products announced it had been awarded a contract to supply liquid nitrogen to Singapore's Jurong Rock Caverns, or JRC, project, an innovative underground storage facility for petrochemical products and the first of its kind in the country and across Southeast Asia. JRC is developed by the JTC Corporation, or JTC, a government agency responsible for industrial infrastructure development in Singapore. Located on Jurong Island, the JRC will complement and enhance the existing infrastructure that JTC has developed there to support the growth of the chemicals and energy clusters. This will free up land for productive activities on the surface. Air Products' liquid nitrogen will be used as a blanketing gas for the oil storage caverns for safety purposes.
Air Products raises quarterly dividend to 81c from 77c per share The dividend is payable on May 11 to shareholders of record at the close of business on April 1. This marks the 33rd consecutive year that Air Products has increased its dividend payment.