TotalEnergies and Air Products Sign Landmark Agreement for Green Hydrogen Supply in Europe
Key Ideas
  • TotalEnergies and Air Products agree on a 15-year deal for the annual supply of 70,000 tons of green hydrogen in Europe from 2030, aiming to reduce 700,000 tons of CO2 emissions yearly.
  • The agreement aligns with TotalEnergies' goal to cut net greenhouse gas emissions by 40% in its European refineries by 2030, following a global call for tenders for 500,000 tons of green hydrogen per year.
  • Air Products, committing over $15 billion to energy transition projects, will deliver green hydrogen to TotalEnergies' Northern European refineries, with plans for renewable power supply and further collaborations in the UK, Poland, and France.
  • The partnership marks a significant step in the decarbonization efforts of the energy industry, with TotalEnergies and Air Products fostering a cleaner and more sustainable future through long-term agreements and strategic initiatives.
TotalEnergies and Air Products have cemented a groundbreaking 15-year agreement for the supply of 70,000 tons of green hydrogen annually in Europe starting from 2030. This collaboration is a vital move towards reducing carbon emissions, with the green hydrogen anticipated to eliminate approximately 700,000 tons of CO2 each year. The deal is a response to TotalEnergies' call for tenders to source 500,000 tons of green hydrogen yearly to decarbonize its European refineries. Air Products will be responsible for delivering green hydrogen from its global network to TotalEnergies' Northern European refineries, showcasing a commitment to sustainability initiatives. This initiative also mirrors TotalEnergies' ambition to slash net greenhouse gas emissions from its oil and gas operations by 40% by 2030 compared to 2015 levels. Air Products, with a substantial investment exceeding $15 billion in large-scale energy transition undertakings, has been proactive in launching various low carbon hydrogen projects worldwide. The agreement with TotalEnergies marks a significant milestone in achieving decarbonization objectives, emphasizing the importance of long-term contracts and strategic partnerships in advancing the green hydrogen industry. Furthermore, TotalEnergies and Air Products have expanded their collaboration to include renewable power agreements, with plans for Power Purchase Agreements (PPAs) from solar projects in Texas and potential ventures in the UK, Poland, and France. This holistic approach strengthens the alliance between the two companies and reinforces their commitment to sustainable practices and the decarbonization roadmap. The partnership between TotalEnergies and Air Products symbolizes a pivotal shift towards sustainability in the energy sector. By embracing renewable energy sources and fostering innovative solutions, the companies aim to lead the way in decarbonizing heavy industries. This strategic alliance not only propels the transition to a greener future but also sets a precedent for other industry players to prioritize sustainability and environmental responsibility.
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