Air Liquide to Take 40% Stake in French Hydrogen Producer
January 20 2021 - 3:37AM
Dow Jones News
By Joshua Kirby
Air Liquide SA said Wednesday that it is taking a 40% stake in
H2V Normandy, a company that plans to build a production plant for
renewable and low-carbon hydrogen in France.
The French industrial-gas supplier said it is acquiring the
stake in the company, a subsidiary of H2V Product, in order to
contribute to the decarbonization of the industry and mobility
markets. H2V Normandy is planning to build an electrolyzer complex
of up to 200 megawatts in the French region of Normandy, Air
Liquide said. The facility will supply renewable and low-carbon
hydrogen for industrial applications and future heavy mobility
applications.
The company didn't reveal the financial details of the
transaction.
Write to Joshua Kirby at joshua.kirby@dowjones.com;
@joshualeokirby
(END) Dow Jones Newswires
January 20, 2021 03:22 ET (08:22 GMT)
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