Exhibit 1.01
AIR PRODUCTS AND CHEMICALS, INC.
CONFLICT MINERALS REPORT
For the reporting period from January 1, 2023 to December 31, 2023
This Conflict Minerals Report (the Report) of Air Products and Chemicals, Inc. (the Company) has been prepared
pursuant to Rule 13p-1 under the Securities and Exchange Act of 1934, as amended (the Rule), for the reporting period January 1, 2023 to December 31, 2023.
The Rule requires disclosure of certain information when a company manufactures or contracts to manufacture products containing minerals
specified in the Rule which are necessary to the functionality or production of those products. The specified minerals, which we collectively refer to in this Report as the Conflict Minerals, are gold, columbite-tantalite (coltan),
cassiterite and wolframite, including their derivatives, which are tantalum, tin and tungsten.
As described in this Report, certain of
the Companys operations manufacture, or contract to manufacture, products containing Conflict Minerals necessary to the functionality or production of those products. This Report relates to products: (i) for which Conflict Minerals are
necessary to the functionality or production of that product; (ii) that were manufactured, or contracted to be manufactured, by the Company; and (iii) for which the manufacture was completed during calendar year 2023 (the Covered
Products).
The Company is a Delaware corporation originally founded in 1940 with a unique portfolio of products, services, and
solutions, including atmospheric gases, process and specialty gases, equipment, and services. The Company is focused on serving energy, environment and emerging markets and provides essential industrial gases, related equipment, and applications
expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, and food and beverage. The Company conducts business in more than 50 countries around the world. Our supply chain is both global and
complex, and there are multiple tiers of suppliers between us and the original sources of minerals used in our products. For that reason, we rely on our direct suppliers to provide us information about the origin of Conflict Minerals in the raw
materials and components we purchase for use in the manufacture of the products that we offer for sale.
The Companys principal
business for the reporting period, Industrial Gases, produces atmospheric gases, such as oxygen, nitrogen and argon, and process gases, such as hydrogen, helium, carbon dioxide
(CO2), carbon monoxide and syngas (a mixture of hydrogen and carbon monoxide), and specialty gases. Atmospheric gases are produced through various air separation processes of which
cryogenic distillation is the most prevalent. Process gases are produced by methods other than air separation. For example, hydrogen, carbon monoxide and syngas are produced by steam methane reforming of natural gas and by the gasification of liquid
and solid hydrocarbons. Hydrogen also is produced by purifying byproduct sources obtained from the chemical and petrochemical industries. We have historically produced hydrogen from hydrocarbons exclusively without carbon capture (known as
gray hydrogen); however we are also investing in projects that are intended to create a reliable and consistent world-scale source of low-carbon hydrogen produced from hydrocarbons with carbon
capture (known as blue hydrogen) as well as carbon-free hydrogen produced from renewable energy (known as green hydrogen). Helium is produced as a byproduct of gases extracted from underground reservoirs, primarily natural
gas as well as CO2 purified before resale. The Company also designs and manufactures equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction, and liquid
helium and liquid hydrogen transport and storage. Steel, aluminum, and capital equipment subcomponents such as compressors are the principal raw materials in the manufacturing of this equipment.
COVERED PRODUCT DETERMINATION
For compliance with the Rule, the Company first determined which products manufactured by the Company may contain Conflict Minerals necessary
to the functionality or production of the product (necessary Conflict Minerals). Nearly 93% of the Companys fiscal 2023 revenue was generated by products that inherently do not contain Conflict Minerals. These products are
industrial gases (nitrogen, oxygen, argon, hydrogen and helium) and most specialty gases. Approximately 7% of the Companys fiscal 2023 revenue was generated by products that may contain Conflict Minerals, which are in the product category
known as Equipment Products.
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