Air Products, based in Upper Macungie Township, Pennsylvania, has finalized a significant 15-year agreement with TotalEnergies to provide 70,000 tons of green hydrogen annually, starting in 2030. This deal is a crucial step in Air Products Chairman Seifi Ghasemi's vision to drive the global transition towards a clean-energy economy. Green hydrogen, produced using renewable energy to split water, offers a sustainable alternative to traditional hydrogen production methods that generate carbon emissions. Ghasemi believes that the demand for clean hydrogen will increase, especially in sectors like heavy transport, refining, and steelmaking. TotalEnergies, a prominent French energy company, will incorporate the green hydrogen supplied by Air Products into its refineries as part of its efforts to reduce carbon emissions. The partnership signifies the success of Air Products' investments in clean energy and reinforces the company's long-term strategy. CEO Ghasemi emphasizes the potential of hydrogen as a replacement for fossil fuels in various industries, underlining the environmental and economic benefits of this transition. Air Products, with a reported fiscal 2023 sales of $12.6 billion, operates in around 50 countries, showcasing its global presence in the clean energy sector. TotalEnergies' utilization of green hydrogen aligns with its broader portfolio, which includes products like oil, biofuels, natural gas, and renewable energy sources. The financial markets have responded positively to the news, with Air Products' shares trading on the NYSE and experiencing steady growth, reflecting investor confidence in the company's strategic direction.