Air Liquide makes a strategic investment to support large scale renewable hydrogen production in France
January 20 2021 - 3:15AM
Dow Jones News
Regulatory News:
Air Liquide (Paris:AI) announces a 40% stake acquisition in the
capital of the French company H2V Normandy, a subsidiary of H2V
Product, which aims to build a large-scale electrolyzer complex of
up to 200 MW for the production of renewable and low-carbon
hydrogen in France. This strategic investment demonstrates Air
Liquide's long-term commitment to hydrogen energy and its ambition
to be a major player in the supply of renewable and low-carbon
hydrogen, in order to contribute to the decarbonization of the
industry and mobility markets.
Located in the industrial zone of Port-Jérôme in Normandy,
France, the large-scale electrolyzer project of H2V Normandy aims
to supply renewable and low-carbon hydrogen for industrial
applications, as well as future heavy mobility applications. The
project is part of an ambitious program to develop new energies to
decarbonate industrial activities (refining and chemical) on the
Seine Valley axis in Normandy, one of Air Liquide's historical
industrial basins in France. This project will enable to avoid the
emission of 250,000 tonnes of CO(2) per year.
Air Liquide will bring its expertise of more than 50 years in
the sector to this project which is part of an investment dynamic
that supports the development of renewable and low-carbon hydrogen
production in the world. In France, the Group has already deployed
a unique solution for CO(2) capture called Cryocap(TM) on its
Port-Jérôme hydrogen production facility.
François Jackow, Executive Vice President and a member of the
Air Liquide Group's Executive Committee said: "As France has
resolutely committed to energy transition with an ambitious
hydrogen plan, Air Liquide, a major player in the industry, is
investing locally to develop the activity. With this strategic
project aimed at producing hydrogen by electrolysis, the Group is
strengthening its presence in the Normandy industrial basin. This
investment is in line with Air Liquide's commitment to supply
hydrogen from renewable or low-carbon sources for mobility and to
support the decarbonization of the industry and thus to promote the
emergence of hydrogen as a key element in the energy
transition."
Air Liquide's commitment to hydrogen energy
In the past 50 years, Air Liquide has developed unique expertise
enabling it to master the entire hydrogen supply chain, from
production and storage to distribution and the development of
applications for end users, thus contributing to the widespread use
of hydrogen as a clean energy source, for mobility in particular.
Air Liquide has designed and installed more than 120 stations
around the world to date. Hydrogen is an alternative to meet the
challenge of clean transportation and thus contributes to the
improvement of air quality. Used in a fuel cell, hydrogen combines
with oxygen in the air to produce electricity, emitting only water.
It does not generate any pollution at the point of use: zero
greenhouse gases, zero particles and zero noise. Hydrogen provides
a concrete response to the challenges posed by sustainable mobility
and local pollution in urban areas.
www.airliquide.com
Follow us on Twitter @airliquidegroup
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 80 countries with
approximately 67,000 employees and serves more than 3.7 million
customers and patients. Oxygen, nitrogen and hydrogen are essential
small molecules for life, matter and energy. They embody Air
Liquide's scientific territory and have been at the core of the
company's activities since its creation in 1902.
Air Liquide's ambition is to be a leader in its industry,
deliver long term performance and contribute to sustainability. The
company's customer-centric transformation strategy aims at
profitable, regular and responsible growth over the long term. It
relies on operational excellence, selective investments, open
innovation and a network organization implemented by the Group
worldwide. Through the commitment and inventiveness of its people,
Air Liquide leverages energy and environment transition, changes in
healthcare and digitization, and delivers greater value to all its
stakeholders.
Air Liquide's revenue amounted to 22 billion euros in 2019 and
its solutions that protect life and the environment represented
more than 40% of sales. Air Liquide is listed on the Euronext Paris
stock exchange (compartment A) and belongs to the CAC 40, EURO
STOXX 50 and FTSE4Good indexes.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20210119006170/en/
CONTACT: Corporate Communications
media@airliquide.com
Investor Relations
IRTeam@airliquide.com
SOURCE: Air Liquide
Copyright Business Wire 2021
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January 20, 2021 03:00 ET (08:00 GMT)
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