Air Liquide Accelerates Its Large Scale Renewable Hydrogen Production Flagship Project in France
21 October 2021 - 3:15AM
Business Wire
Regulatory News:
Air Liquide (Paris:AI) increased to 100% its total stake in
H2V Normandy, of which it previously held 40%. Renamed Air Liquide
Normand’Hy, this company aims to build a large-scale electrolyzer
of at least 200 MW for the production of renewable hydrogen in
France. This strategic investment will support the development of a
low-carbon hydrogen ecosystem in the Normandy industrial
basin.
Located in the industrial zone of Port-Jérôme, the large-scale
Proton-Exchange Membrane (PEM) electrolyzer project of Air
Liquide Normand’Hy would supply renewable hydrogen for industrial
and heavy mobility applications. This project, which is planned
to be commissioned in 2025, will allow to avoid the emission of
more than 250,000 tonnes of CO2 per year.
Air Liquide will connect the electrolyzer to its hydrogen
pipeline network in Normandy, which would contribute to the
development of the world’s first low-carbon hydrogen network. The
Air Liquide Normand’Hy project is a cornerstone of the
decarbonization ecosystem which is being set up by Air Liquide with
other major industrial players on the Seine Valley axis in
Normandy.
Air Liquide Normand’Hy’s public inquiry for the environmental
permit has just been completed. The project was also qualified for
the second round of the European Union Emissions Trading System (EU
ETS) Innovation Fund 2020 call and has been pre-notified to the EU
by French authorities under the IPCEI H2 (Important Project of
Common European Interest) call for projects. These fundings from
European, French and regional programs are key to the
implementation of the project.
François Jackow, Executive Vice President and a member of
the Air Liquide Group’s Executive Committee supervising Europe
Industries activities, said: “This acquisition is a key
milestone in producing renewable hydrogen on a large scale to
supply industry and mobility markets. By 2030, Air Liquide is
committed to bringing its total electrolysis capacity to 3 GW.
Drawing on the Group's expertise, the Air Liquide Normand’Hy
project will be a key asset to decarbonize the Normandy industrial
basin, one of the largest in Europe. It will contribute to the
development of a low-carbon society with hydrogen as one of its key
levers.”
Air Liquide’s commitment to hydrogen
energy
In full support of the 2015 Paris agreement, Air Liquide’s
commitments address the urgency of climate change and energy
transition, targeting carbon neutrality by 2050. As a pioneer in
hydrogen, the Group is convinced that hydrogen is a cornerstone of
the energy transition. In the past 50 years, the Group has
developed unique expertise enabling it to master the entire supply
chain, from production and storage to distribution, contributing to
the widespread use of hydrogen as a clean energy carrier for a wide
range of applications such as industrial usages and clean
mobility.
Air Liquide is committed to reaching several goals, investing
approximately 8 billion Euro in the low-carbon hydrogen full value
chain by 2035, and a total of 3 GW electrolysis capacity by
2030.
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 78 countries with
approximately 64,500 employees and serves more than 3.8 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 -
with a strong commitment to climate change and energy transition at
the heart of its strategy. 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 more than 20 billion euros in
2020. Air Liquide is listed on the Euronext Paris stock exchange
(compartment A) and belongs to the CAC 40, EURO STOXX 50 and
FTSE4Good indexes.
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