TotalEnergies and Air Liquide Partner to Produce Renewable Hydrogen in France
Key Ideas
- TotalEnergies and Air Liquide are investing €150 million to produce renewable hydrogen at La Mède, aiming to reduce CO2 emissions by 130,000 tons annually.
- The project integrates a new hydrogen production unit with TotalEnergies' biorefinery, focusing on biodiesel and sustainable aviation fuel.
- TotalEnergies aims to significantly lower its carbon footprint in European refineries by 2030, highlighting a commitment to sustainability.
- Investors can find more insights on FR:TTE stock through TipRanks' Stock Analysis and receive investment ideas via the Smart Investor newsletter.
TotalEnergies has announced a partnership with Air Liquide to enhance its La Mède platform in France by producing renewable hydrogen, with the goal of reducing CO2 emissions by 130,000 tons annually. This collaborative effort involves a €150 million investment, which will enable Air Liquide to construct a hydrogen production unit that integrates with TotalEnergies' biorefinery operations, specifically focusing on biodiesel and sustainable aviation fuel. The initiative underscores TotalEnergies' commitment to reducing its carbon footprint in European refineries by 2030. This move towards renewable hydrogen production aligns with the companies' efforts towards sustainability and environmental responsibility. Investors interested in TotalEnergies, listed as FR:TTE, can access further analysis through TipRanks' Stock Analysis page. Additionally, individuals looking for investment opportunities and expert stock picks can subscribe to the Smart Investor newsletter for weekly updates and real-time notifications.