Air Liquide invests to increase efficiency and reduce CO2 emissions of its industrial site in Stade, Germany
08 February 2024 - 6:45PM
Business Wire
Regulatory News:
Air Liquide (Paris:AI) and Dow renewed their industrial gas
supply agreement in Stade, one of the largest chemical production
sites in Lower Saxony, Germany. In this context, Air Liquide will
supply industrial gases under a long-term agreement and invest
close to 40 million euros in the modernisation of its assets,
enabling operational efficiency and reducing CO2 emissions.
As part of the agreement, Air Liquide will modernize its
existing production assets - two Air Separation Units (ASU) as well
as one Partial Oxidation plant (POX)1, to which it will add a new
CO2 recycling solution. This will enable a circular use of the CO2
produced, leading to around 15% increase in energy efficiency and
reducing the emissions by around 15,000 tonnes/year, which
represents 80% of direct CO2 emissions of the Air Liquide site. The
modernization of these assets will be completed in 2024. Air
Liquide has been supplying industrial gases to Dow in Stade,
Germany, for more than 20 years.
Emilie Mouren-Renouard, member of Air Liquide’s Executive
Committee and Chief Executive Officer of the Europe Industries Hub,
said: “In view of the climate imperative, the necessary
industrial transformation will require not only ground-breaking
greenfield projects but also step-by-step modifications and
modernisation of existing plants. This is why, as part of our long
term renewal of the supply agreement with Dow, we have decided to
invest close to 40 millions euros to modernize our assets in Stade.
The solution implemented will apply CO2 recycling to an existing
production facility, enabling us to improve energy efficiency and
reduce CO2 emissions at the same time. This investment is in line
with Air Liquide’s ADVANCE strategic plan, which includes the
objective of reducing the Group’s carbon emissions by one-third by
2035.”
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 73 countries with
approximately 67,100 employees and serves more than 3.9 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.
Taking action today while preparing the future is at the heart
of Air Liquide’s strategy. With ADVANCE, its strategic plan for
2025, Air Liquide is targeting a global performance, combining
financial and extra-financial dimensions. Positioned on new
markets, the Group benefits from major assets such as its business
model combining resilience and strength, its ability to innovate
and its technological expertise. The Group develops solutions
contributing to climate and the energy transition—particularly with
hydrogen—and takes action to progress in areas of healthcare,
digital and high technologies.
Air Liquide’s revenue amounted to more than 29.9 billion euros
in 2022. Air Liquide is listed on the Euronext Paris stock exchange
(compartment A) and belongs to the CAC 40, CAC 40 ESG, EURO STOXX
50, FTSE4Good and DJSI Europe indexes.
_____________________ 1Partial oxidation (POX) is a mature
process in which natural gas, for instance, is mixed with a limited
amount of oxygen, creating syngas, as a feedstock for multiple
applications.
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