Air Liquide and Shell Sign a Ten-Year Agreement for Renewable Electricity in Italy
May 18 2022 - 2:45AM
Business Wire
Regulatory News:
Air Liquide (Paris:AI) has signed a ten-year
contract with Shell Energy Europe Limited (SEEL) for the purchase
of renewable energy to power industrial and medical gas production
operations in the North East of Italy.
From 2023, and for ten years, Air Liquide will purchase 52
gigawatt-hours per year of solar photovoltaic renewable energy from
Shell Energy Europe in Italy. The equivalent solar photovoltaic
installed capacity necessary to deliver this quantity is 42
megawatt. The purchase of this renewable energy will allow Air
Liquide to cover a large part of the electricity consumption for
the production of industrial and medicinal gases in the North East
of Italy. The agreement will result in around 24,000 tonnes of
carbon dioxide emissions being saved a year, comparable to the
emissions generated by around 4,000 households.
Pascal Vinet, Senior Vice President and a member of the
Air Liquide Group’s Executive Committee supervising Europe
Industries activities, said: « With this new contract, Air
Liquide takes another step towards the energy transition, supplying
its operations with ever-increasing amounts of renewable
electricity. This agreement demonstrates, once again, our ability
to provide our customers with solutions contributing to CO2
emissions reduction and illustrates the Group commitment to
implement concrete actions to foster a low-carbon society, in line
with our Sustainability Objectives. »
Rupen Tanna, General Manager for Power at Shell Energy
Europe, said: « Across Shell Energy Europe, we are focused on
delivering a range of clean power solutions to help customers
reduce their emissions and we are delighted to help Air Liquide
progress their decarbonisation goals. We have a growing portfolio
of renewable energy and this supports the expansion of clean energy
developments in countries where we operate. »
Air Liquide has previously signed agreements for renewable power
in several geographies such as the United States, Spain, the
Netherlands and Belgium. This new contract signed in Italy
underlines Air Liquide's commitment to play a leading role in the
energy transition and reduce its carbon footprint, in line with its
sustainability objectives.
Shell Energy Europe is present in 14 European power markets,
offtakes renewable power from wind farms and solar parks in
mainland Europe and the UK, providing business customers with
innovative, reliable and cleaner energy solutions and helping them
navigate through the energy transition. Shell Energy Europe Limited
acts through its agent, Shell Trading and Shipping Company
Limited.
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 75 countries with
approximately 66,400 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.
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 23 billion euros in
2021. Air Liquide is listed on the Euronext Paris stock exchange
(compartment A) and belongs to the CAC 40, CAC 40 ESG, EURO STOXX
50 and FTSE4Good indexes.
www.airliquide.com Follow us on Twitter
@airliquidegroup
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