# Who does Air Products and Chemicals pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/air-products · Facet: suppliers · Updated: 2026-07-12T04:06:13.664+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Air Products and Chemicals discloses no named confirmed suppliers/cost counterparties; 2 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 2 cost edges, backed by 1 dated sources, 1 of them primary filings (as of 2026-07-12).

### 천연가스 (수소 생산 원료, 패스스루) (high)
- note: Natural gas is a key feedstock for hydrogen (SMR); price swings are contractually passed to customers. Hydrogen is produced by methods other than air separation.
- [confirms] SEC EDGAR (EN, filing, published 2025-11-20) https://www.sec.gov/Archives/edgar/data/2969/000000296925000055/apd-20250930.htm: "Hydrogen is produced by non-air-separation methods; natural gas price passed through."

### 전력 (공기분리 ASU 전력, 계약 패스스루) (high)
- note: Cryogenic air separation is power-intensive, so electricity is the largest input cost; electricity, natural gas and hydrocarbon price swings are passed through to customers via pricing formulas, surcharges and cost pass-through provisions.
- [confirms] SEC EDGAR (EN, filing, published 2025-11-20) https://www.sec.gov/Archives/edgar/data/2969/000000296925000055/apd-20250930.htm: "Electricity/natural gas/hydrocarbon prices passed through contractually; air separation via cryogenic distillation."

Reverse side: https://valuechain.wiki/air-products/customers.md · Ripple: https://valuechain.wiki/air-products/ripple.md

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Full node: https://valuechain.wiki/air-products.md · JSON: https://valuechain.wiki/air-products.json