Air Products and Chemicals, Inc. has seen a surge in its shares following the announcement of a significant 15-year partnership with TotalEnergies SE to supply 70,000 tons of green hydrogen annually in Europe, commencing from 2030. This agreement is aimed at reducing CO2 emissions by 700,000 tons per year at TotalEnergies' Northern European refineries. The deal is a response to TotalEnergies' call for tenders to procure 500,000 tons of green hydrogen yearly to decarbonize its European refineries, aligning with their target of cutting greenhouse gas emissions by 40% by 2030. Air Products, known for its commitment to energy transition projects, has allocated over $15 billion to such initiatives globally, positioning itself as a trusted provider of low-carbon hydrogen. Additionally, the companies have agreed on a memorandum of understanding for renewable power supply, including an initial PPA for 150 MW from a solar project in Texas. They are also exploring further PPA opportunities in the U.K., Poland, and France. Both TotalEnergies and Air Products are optimistic about the growth of the green hydrogen sector, with TotalEnergies' Chairman emphasizing the importance of decarbonization in their operations, while Air Products' CEO highlights the significant demand for clean hydrogen and its pivotal role in decarbonizing heavy industries. The market response has been positive, with Air Products' shares rising by 3.66% to $279.58.