TotalEnergies and Air Liquide have announced a significant investment of €600 million to produce green hydrogen in the Netherlands utilizing offshore wind energy. This initiative is projected to generate 45,000 tons of green hydrogen annually, leading to a reduction of 450,000 tons of carbon emissions for refineries. The partnership involves developing two green hydrogen projects, one of which includes a 250 MW capacity electrolyzer near the Zeeland refinery set to operationalize in 2029. Additionally, TotalEnergies will supply renewable energy from its OranjeWind offshore wind farm to support the Elygator electrolyzer project in Rotterdam, producing green hydrogen for a refinery platform in Antwerp, Belgium by the end of 2027. By actively embracing low-carbon hydrogen, TotalEnergies aims to meet its European decarbonization targets for refineries by 2030. The broader industry trend towards decarbonization highlights the importance of green hydrogen in hard-to-abate sectors. TotalEnergies' efforts in green hydrogen adoption extend beyond the Netherlands, with contracts signed in France, Germany, Belgium, and the Netherlands, totaling an annual production capacity of over 170,000 tons. The global refining industry's reliance on hydrogen, accounting for over 30% of global demand, underscores the significance of transitioning to low-carbon hydrogen. Energy consultancy Wood Mackenzie forecasts a 50% growth in low-carbon hydrogen demand by 2050 in the refining sector, potentially leading to a 35% reduction in carbon emissions.