Air Products announced it has signed a long-term gas supply contract with Shandong Binhua New Material Co. Ltd. (Binhua), a subsidiary of Befar Group which is a leading petroleum and chemical enterprise in China, to support Binhua's chemical project located in the Beihai Economic Development Zone of Binzhou City, Shandong Province, China. Under the contract, Air Products will build, own and operate several onsite gas production facilities in the Binzhou Port-centered Chemical Industry Park in phases, including an energy-efficient air separation unit (ASU), to meet Binhua's gaseous oxygen and nitrogen demand. The ASU will also provide liquid products to other customers in the park and the growing merchant market in Shandong Province. All facilities will be fully operational in 2022.