Air Products and TotalEnergies Partner to Supply Green Hydrogen to Northern European Refineries
Key Ideas
- Air Products and TotalEnergies signed a 15-year agreement for the annual supply of 70,000 tonnes of green hydrogen to TotalEnergies' Northern European refineries starting in 2030.
- This partnership aims to reduce around 700,000 tonnes of CO2 emissions annually, aligning with TotalEnergies' goal to cut net greenhouse gas emissions by 40% from their oil and gas operations by 2030.
- TotalEnergies and Air Products are also exploring renewable power supply agreements, with an initial Power Purchase Agreement (PPA) for 150 MW produced at a solar project in Texas.
- The collaboration between the two companies signifies a significant step in the energy transition, emphasizing the importance of green hydrogen in decarbonizing heavy industries and contributing to a sustainable future.
TotalEnergies and Air Products have entered into a significant partnership to supply green hydrogen from Air Products' global network to TotalEnergies' Northern European refineries. The 15-year agreement, set to commence in 2030, will see the delivery of 70,000 tonnes of green hydrogen annually, aiding in the reduction of approximately 700,000 tonnes of CO2 emissions per year. This initiative is part of TotalEnergies' broader objective to slash net greenhouse gas emissions from their oil and gas operations by 40% by 2030 compared to 2015 levels.
The collaboration between the two companies marks a pivotal move towards a more sustainable energy landscape. Air Products' commitment of over $15bn to large-scale energy transition projects highlights its dedication to driving the use of low carbon hydrogen globally. The partnership also includes plans for the supply of renewable power, with an initial focus on a Power Purchase Agreement (PPA) for 150 MW generated from a solar project in Texas, indicating a broader shift towards cleaner energy sources.
Both TotalEnergies and Air Products view this partnership as a strategic step in advancing the energy transition and promoting the adoption of green hydrogen across industries. The long-term agreement underscores the growing demand for sustainable energy solutions and sets a precedent for further collaborative efforts to drive decarbonization in the oil and gas sector and beyond.
Topics
Europe
Projects
Renewable Energy
Renewable Power
Energy Transition
Carbon Reduction
Oil And Gas Industry
Long-term Agreement
Electricity Strategy
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