Air Liquide Reports Revenue Decline but Exceeds Emission Reduction Target in FY2024
Key Ideas
  • Air Liquide reported a revenue of €27.06 billion for FY2024, slightly lower than the previous year, but still beat its CO2 emission reduction target.
  • The company is actively involved in green hydrogen projects, including partnerships with TotalEnergies in the Netherlands and securing grants for low-carbon hydrogen production.
  • Air Liquide's investments in renewable hydrogen infrastructure and packaging/delivery supply chain demonstrate its commitment to the hydrogen market.
  • These developments align with the company's efforts to advance sustainable energy solutions and play a significant role in the transition to a low-carbon economy.
Air Liquide recently disclosed its financial results for FY2024, revealing a revenue of €27.06 billion, which represented a slight decline of 2.1% compared to the previous financial year. Despite this decrease, the company celebrated surpassing its CO2 emission reduction target for the year. Air Liquide's focus on sustainability was further highlighted through various initiatives in the hydrogen sector. The company announced a collaboration with TotalEnergies to work on projects in the Netherlands aimed at producing around 45,000 metric tons per year of green hydrogen. Additionally, Air Liquide secured a substantial €110 million grant from the European Innovation Fund to advance its ENHANCE project, focusing on low-carbon hydrogen production from ammonia. Furthermore, the company is investing in renewable hydrogen infrastructure by constructing a hydrogen electrolyser at TotalEnergies' La Mède renewable fuel refinery. Another €50 million investment is allocated to establish a new hydrogen packaging and delivery supply chain to refuelling stations along the Seine Axis. These strategic moves demonstrate Air Liquide's strong commitment to the hydrogen market and sustainable energy solutions, positioning itself as a key player in the transition towards a greener and low-carbon economy.
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