PARIS, June 7, 2024
/PRNewswire/ -- TotalEnergies and Air Products have signed a
15-year agreement for the annual supply in Europe of 70,000 tons of green hydrogen
starting in 2030. This first long-term deal follows TotalEnergies'
call for tenders for the supply of 500,000 tons per year of green
hydrogen to decarbonize TotalEnergies' European refineries.
Under the agreement, Air Products will deliver at TotalEnergies'
Northern European refineries' doorstep, green hydrogen from Air
Products' global supply network. This hydrogen will avoid around
700,000 tons of CO2 each year. The contract awarded
to Air Products is a first step towards achieving TotalEnergies'
objective of reducing net greenhouse gas emissions from its
operated oil and gas operations (Scope 1+2) by 40% by 2030 compared
to 2015 levels.
Air Products, worldwide leader in terms of hydrogen supply, has
been a first mover, committing more than $15
billion dollars to real, large-scale energy transition
projects and launching several large low carbon hydrogen projects
in the world, making it a leading and reliable supplier.
"This deal with Air Products, the first signed following the
call for tenders launched last year, is a steppingstone towards our
goal of decarbonizing the hydrogen used in TotalEnergies'
refineries in Northern Europe by
the end of the decade. We are proud to partner with Air Products, a
pioneer in low carbon hydrogen production, under the leadership of
Seifi Ghasemi. Once again, we
demonstrate our capacity to pioneer the energy transition and
contribute to the emergence of a green hydrogen industry by
offering long-term contracts with our six refineries and two
biorefineries in Europe. We are
also happy to extend our partnership with Air Products by becoming
ourselves a supplier of green power to Air Products and
contributing to Air Products' own decarbonization roadmap," said
Patrick Pouyanné, Chairman and CEO of TotalEnergies.
"Today, one of the largest energy companies in the world has
committed to use renewable hydrogen to decarbonize its refineries
in Northern Europe, and we at Air
Products are honored and proud to be the producer and supplier of
the green hydrogen required," said Air Products' Chairman,
President and CEO Seifi
Ghasemi. Noting that Air Products started on the
journey of producing clean hydrogen seven years ago, Seifi Ghasemi added, "We always believed that if
we made clean hydrogen available at commercial scale, the demand
would be there. This contract validates our long-term strategy.
Clearly the demand is here, and it will grow significantly as we
move forward, playing an essential role in decarbonizing heavy
industry and other sectors. I also want to express my admiration
for Mr. Patrick Pouyanné's vision and courage in acting as a
first-mover towards creating a cleaner future for the world."
At the same time, TotalEnergies and Air Products have signed a
memorandum of understanding for the supply of renewable power,
which entails the signing of a first Power Purchase Agreement (PPA)
for 150 MW produced at a solar project in Texas. The parties also plan to explore
together further PPA opportunities in the UK, Poland and France. This agreement, which strengthens the
partnership between TotalEnergies and Air Products, will contribute
to Air Products' decarbonization roadmap and is in line with
TotalEnergies' integrated electricity strategy along the value
chain.
TotalEnergies and the decarbonization of its European
refineries
TotalEnergies is committed to reducing the carbon footprint of
producing, converting and supplying energy to its customers. One of
the levers identified by the Company is to use green or low carbon
hydrogen to decarbonize its European refineries, a move that should
help reduce its CO2 emissions by around five million
tons a year by 2030.
Aiming to fully decarbonize the hydrogen used in its European
refineries, the Company launched in September 2023, a call for tenders for the supply
of 500,000 tons per year of green hydrogen.
About TotalEnergies
TotalEnergies is a global
integrated energy company that produces and markets energies: oil
and biofuels, natural gas and green gases, renewables and
electricity. Our more than 100,000 employees are committed to
provide as many people as possible with energy that is more
reliable, more affordable and more sustainable. Active in about 120
countries, TotalEnergies places sustainability at the heart of its
strategy, its projects and its operations.
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TotalEnergies
Cautionary Note
The terms "TotalEnergies", "TotalEnergies company" or "Company"
in this document are used to designate TotalEnergies SE and the
consolidated entities that are directly or indirectly controlled by
TotalEnergies SE. Likewise, the words "we", "us" and "our" may also
be used to refer to these entities or to their employees. The
entities in which TotalEnergies SE directly or indirectly owns a
shareholding are separate legal entities. This document may contain
forward-looking information and statements that are based on a
number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be
inaccurate in the future and are subject to a number of risk
factors. Neither TotalEnergies SE nor any of its subsidiaries
assumes any obligation to update publicly any forward-looking
information or statement, objectives or trends contained in this
document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies' financial results or activities is provided in the
most recent Registration Document, the French-language version of
which is filed by TotalEnergies SE with the French securities
regulator Autorité des Marchés Financiers (AMF), and in the Form
20-F filed with the United States Securities and Exchange
Commission (SEC).
About Air Products
Air Products (NYSE:APD) is a world-leading industrial gases
company in operation for over 80 years focused on serving energy,
environmental, and emerging markets. The Company has two growth
pillars driven by sustainability. Air Products' base business
provides essential industrial gases, related equipment and
applications expertise to customers in dozens of industries,
including refining, chemicals, metals, electronics, manufacturing,
and food. The Company also develops, engineers, builds, owns and
operates some of the world's largest clean hydrogen projects
supporting the transition to low- and zero-carbon energy in the
heavy-duty transportation and industrial sectors. Additionally, Air
Products is the world leader in the supply of liquefied natural gas
process technology and equipment, and provides turbomachinery,
membrane systems and cryogenic containers globally.
The Company had fiscal 2023 sales of $12.6 billion from operations in
approximately 50 countries and has a current market
capitalization of over $50 billion.
Approximately 23,000 passionate, talented and committed employees
from diverse backgrounds are driven by Air Products' higher purpose
to create innovative solutions that benefit the environment,
enhance sustainability and reimagine what's possible to address the
challenges facing customers, communities, and the world. For more
information, visit www.airproducts.com or follow us on LinkedIn, X,
Facebook or Instagram.
Cautionary Note
This release contains "forward-looking statements" within
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are based on
management's expectations and assumptions as of the date of this
release and are not guarantees of future performance. While
forward-looking statements are made in good faith and based on
assumptions, expectations and projections that management believes
are reasonable based on currently available information, actual
performance and financial results may differ materially from
projections and estimates expressed in the forward-looking
statements because of many factors, including the risk factors
described in our Annual Report on Form 10-K for the fiscal year
ended September 30, 2023 and other
factors disclosed in our filings with the Securities and Exchange
Commission. Except as required by law, we disclaim any obligation
or undertaking to update or revise any forward-looking statements
contained herein to reflect any change in the assumptions, beliefs
or expectations or any change in events, conditions or
circumstances upon which any such forward-looking statements are
based.
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SOURCE Air Products