Air Liquide is accelerating its hydrogen developments to at least triple its turnover to more the €6bn by 2035, the industrial gas giant confirmed today (23rd March).
The major hydrogen plans were unveiled as part of the company’s environmental, social and governance (ESG) objectives to ACT for a sustainable future, in line with its growth trajectory and with performance and sustainability at the core.
With a focus on hydrogen, Air Liquide said it will reach its ambitious goals by investing approximately €8bn in the low-carbon hydrogen supply chain and contributing to the development of a low-carbon hydrogen ecosystem for the industry and clean mobility.
Taking all of the above into consideration, Air Liquide said it hopes to bring its total electrolysis capacity to 3GW by 2030.
Announcing its ESG objectives, the company also said it is targeting carbon neutrality by 2050. As a first step in achieving the goal, the French industrial gas company is hoping to reduce its absolute carbon emissions by approximately 2025.
To decarbonise its assets, Air Liquide will leverage on capturing CO2, accelerating low-carbon hydrogen production through electrolysis or by using renewable feedstock such as biomethane.
Air Liquide will also deploy a broad range of low-carbon solutions for its clients to help them decrease their CO2 footprint. Such move includes low-carbon gases offering, accompanying customers in industrial process transformation, offering carbon capture expertise, and an asset takeover strategy with an objective to decarbonise them.
“Our expertise, backed by a diversified and deeply resilient business model, enables us to deliver sustained growth today while resolutely preparing the future,” said, Benoît Potier, Chairman and CEO of Air Liquide.
“In that context we are introducing new ambitious Sustainability commitments, aiming at making a meaningful difference. Not only do we intend to reach carbon neutrality by 2050 and harness climate change and energy transition with hydrogen playing a key role in our roadmap, but we also include healthcare, human resources and governance as part of our ESG objectives.”
“With this global ambition, Air Liquide is making the commitment to ACT today for a sustainable future.”