Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
PARIS - TotalEnergies (EPA:TTEF) SE and Air Liquide (OTC:AIQUY) have announced a collaboration to produce green hydrogen with the aim of reducing carbon emissions at TotalEnergies' refineries in Northern Europe. The partnership will involve the development of two major projects in the Netherlands, which are expected to cut CO2 emissions by up to 450,000 tons annually.
The first initiative includes a joint venture between the two companies to construct and operate a 250 MW electrolyzer near the Zeeland refinery. This facility, scheduled to start in 2029, is projected to produce about 30,000 tons of green hydrogen per year, primarily for Zeeland's refinery, and could reduce the site's carbon emissions by up to 300,000 tons annually.
Additionally, TotalEnergies has signed a tolling agreement with Air Liquide for a portion of its 200 MW ELYgator electrolyzer project in Maasvlakte, Netherlands. Under this agreement, TotalEnergies will supply renewable energy from the OranjeWind offshore wind farm to produce 15,000 tons of green hydrogen per year for its Antwerp platform. This project is expected to be operational by the end of 2027, potentially reducing CO2 emissions at the Antwerp site by 150,000 tons per year.
These efforts are part of TotalEnergies' broader strategy to decarbonize the hydrogen used in its European refineries by 2030. The company has contracted over 170,000 tons of green hydrogen annually for its operations across Europe, including France, Germany, Belgium, and the Netherlands.
Vincent Stoquart, President of Refining & Chemicals at TotalEnergies, emphasized the significance of the partnership with Air Liquide, which aligns with the company's ambition to decarbonize its European refineries. Emilie Mouren-Renouard of Air Liquide highlighted the role of such flagship projects in reducing emissions in sectors like industry and heavy mobility.
TotalEnergies, an integrated energy company with a focus on producing and marketing various forms of energy, is actively working towards sustainability and carbon neutrality. This partnership with Air Liquide represents a step towards achieving these goals.
The information in this article is based on a press release statement from TotalEnergies.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.