Air Liquide and Sasol Sign Long-term Contracts to Supply an Additional 110 MW of Renewable Energy to the Secunda Site
February 26 2024 - 2:30AM
Business Wire
Regulatory News:
Air Liquide (Paris:AI) and Sasol have signed new Power
Purchase Agreements (PPAs) with Enel Green Power RSA1 for the long
term supply of an additional capacity of 110 MW of renewable power
to Sasol’s Secunda site in South Africa. This is the fourth set of
PPAs signed by Air Liquide and Sasol after those announced in 2023.
Together, these PPAs represent a total renewable power capacity of
around 690 MW. For Air Liquide, these contracts will represent an
annual reduction in its CO2 emissions of approximately 1.2 million
tonnes, and contribute to Air Liquide’s targeted reduction by 30%
to 40% of the CO2 emissions associated with oxygen production in
Secunda by 2031.
Within the framework of this agreement, Enel Green Power will
create a local company with strong socio-economic development
commitments which will build a wind farm located in the Eastern
Cape province. This renewable energy production facility is
scheduled to be operational by 2026.
Nicolas Poirot, Chief Executive Officer of Africa
Middle-East & India, said: “These new renewable electricity
supply agreements are yet another sign of our strong joint
commitment to decarbonize the production of oxygen in Secunda since
Air Liquide took over Sasol’s units in 2021. These long-term
contracts will actively support the development of renewable energy
in South Africa, for the benefit of the country’s electrical system
and ultimately of the South African society in the context of a
Just Transition.”
Air Liquide acquired Sasol’s 16 oxygen production units in
Secunda and has been operating them since June 2021, in the
framework of a long-term supply contract with its partner.
Including another Air Separation Unit (ASU) it already operated for
Sasol, Air Liquide operates a total of 17 ASUs in Secunda, with a
total capacity of 47,000 tonnes/day of oxygen. Air Liquide plans to
reduce by 30 % to 40 % the CO2 emissions (Scope 2) arising from the
16 oxygen production units it acquired from Sasol through a
multi-year investment and modernization plan and a steep increase
of the site’s procurement in renewable energies.
Air Liquide is a world leader in gases, technologies and
services for industry and healthcare. Present in 72 countries with
67,800 employees, the Group serves more than 4 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 Group’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 27.5 billion euros
in 2023. 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.
1 Enel Green Power RSA is the joint venture that represents
partnership between Enel’s renewable arm Enel Green Power (EGP) and
Qatar Investment Authority (QIA) to build and operate renewable
plants in Sub-Saharan Africa.
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version on businesswire.com: https://www.businesswire.com/news/home/20240225788145/en/
Corporate Communications media@airliquide.com
Investor Relations IRTeam@airliquide.com
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