The projects affected by the exit are a sustainable aviation fuel (SAF) facility with World Energy in Paramount, California, a green liquid hydrogen facility in Massena, New York, and a carbon monoxide (CO) project in Texas.

Air Products cited challenging commercial aspects surrounding the expansion project and current operations, recent regulatory developments unfavorable project economics as reasons for the cancellation of these projects.

“The decision to exit these three projects will streamline our backlog and focus company resources on projects that drive value for Air Products’ shareholders,” said Eduardo Menezes, who succeeded Seifollah (Seifi) Ghasemi as CEO of Air Products on Feb. 7.

Air Products said that it will continue to evaluate all projects in its backlog but does not currently expect any additional material cancellations going forward.