TotalEnergies and Air Products Sign Landmark Green Hydrogen Supply Agreement in Europe
Key Ideas
  • TotalEnergies and Air Products have entered a 15-year agreement for the supply of 70,000 tons of green hydrogen annually in Europe starting in 2030, aiming to reduce 700,000 tons of CO2 emissions yearly.
  • Air Products, a global hydrogen leader, has committed over $15 billion to energy transition projects and will deliver green hydrogen to TotalEnergies' refineries, contributing to TotalEnergies' target of cutting greenhouse gas emissions by 40% by 2030.
  • The partnership includes a renewable power supply agreement, with a Power Purchase Agreement for 150 MW from a Texas solar project, demonstrating a joint commitment to decarbonization and exploring further renewable power opportunities in the UK, Poland, and France.
  • TotalEnergies aims to reduce its European refineries' carbon footprint by leveraging green and low carbon hydrogen, potentially cutting around five million tons of CO2 emissions annually by 2030.
TotalEnergies and Air Products have joined forces in a significant 15-year agreement for the supply of 70,000 tons of green hydrogen per year in Europe, commencing in 2030. This partnership aligns with TotalEnergies' initiative to decarbonize its European refineries by utilizing green hydrogen, which is forecasted to prevent 700,000 tons of CO2 emissions annually. Air Products, renowned globally for its hydrogen expertise, has invested substantially in energy transition projects, positioning itself as a leading supplier in the low carbon hydrogen market. The collaboration also includes a commitment to renewable power, with a specific Power Purchase Agreement for 150 MW from a solar project in Texas, with plans for additional agreements in the UK, Poland, and France. TotalEnergies' overarching strategy is to diminish its refineries' carbon footprint by incorporating green and low carbon hydrogen, which is anticipated to result in a significant reduction of around five million tons of CO2 emissions by 2030.
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