Air Liquide And Port of Rotterdam Launch Partnership to Foster Hydrogen-powered Trucks and Infrastructure
July 06 2020 - 12:15PM
Dow Jones News
Regulatory News:
Air Liquide (Paris:AI) and the Port of Rotterdam Authority
announce the launch of a jointly created initiative, which aims at
enabling 1,000 hydrogen-powered zero-emission trucks on the roads
connecting the Netherlands, Belgium, and West Germany by 2025.
Several partners representing the whole supply chain, from truck
manufacturers such as VDL Groep, Iveco/Nikola to transport
companies Vos Logistics, Jongeneel Transport and HN Post, as well
as leading fuel cell suppliers have already agreed to join. This is
one of the largest projects in Europe for the development of
hydrogen trucks and related infrastructure and will contribute to
improve air quality by reducing by an estimated amount of more than
100,000 tonnes CO(2) emissions per year, which is equivalent to 110
million kilometers driven.
In order to have 1,000 Hydrogen-powered trucks on the road, out
of which 500 are expected to be based in the Port of Rotterdam
area, the related infrastructure needs to be developed and
deployed, which envisages 25 high capacity hydrogen stations to
connect the Netherlands, Belgium, and West Germany. The project
also aims to include the necessary electrolysis capacity to produce
low carbon hydrogen. The companies represented in the initiative
will jointly perform the feasibility study of this whole value
chain.
To date, the project counts partners with complementary
expertise, including hydrogen production, distribution through
filling stations, truck manufacturers, transport companies, and
fuel cell manufacturers for heavy-duty applications. Air Liquide
and the Port of Rotterdam expect as well as invite more parties to
join this initiative in the coming months. Together they will
contribute to the reduction of carbon emissions of road
transportation with hydrogen as a clean and sustainable alternative
energy source. The final investment decision by the project
partners is expected at the end of 2022.
Hydrogen is one of the energy sources that constitutes a
solution to meet the challenge of clean transportation. It enables
the reduction of greenhouse gases, pollution in cities and
dependency on fossil fuels. It is particularly suited for
intensively used heavy duty vehicles.
François Jackow, Executive Vice President and a member of the
Air Liquide Group's Executive Committee, said: "Fighting climate
change is central to the mission of Air Liquide and we are
developing a wide range of solutions. In energy transition, we are
convinced that hydrogen is essential. For heavy-duty transport,
hydrogen will play a significant role and offer the path to a
sustainable, carbon-neutral age of mobility. This alliance
demonstrates the commitment of the parties to join forces towards
the common ambition to fight against climate change. Air Liquide
will bring to the project its unique expertise in the mastery of
the entire hydrogen chain developed over the past 50 years."
Allard Castelein, CEO of the Port of Rotterdam Authority, said:
"This project gives substance to our ambition to make transport
more sustainable. With this coalition of partners that complement
one another, we can give zero emission road transport a boost. In
doing so we take our responsibility as Europe's largest port and
help local, national and European authorities to realize their
ambitions."
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 80 countries with
approximately 67,000 employees and serves more than 3.7 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. 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 22 billion euros in 2019 and
its solutions that protect life and the environment represented
more than 40% of sales. Air Liquide is listed on the Euronext Paris
stock exchange (compartment A) and belongs to the CAC 40, EURO
STOXX 50 and FTSE4Good indexes.
www.airliquide.com
Follow us on Twitter @airliquidegroup
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200706005351/en/
CONTACT: Corporate Communications
media@airliquide.com
Investor Relations
IRTeam@airliquide.com
SOURCE: Air Liquide
Copyright Business Wire 2020
(END) Dow Jones Newswires
July 06, 2020 12:00 ET (16:00 GMT)
Air Liquide (EU:AI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Air Liquide (EU:AI)
Historical Stock Chart
From Sep 2023 to Sep 2024