TotalEnergies and Air Products Forge Green Hydrogen deal
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French oil and gas company TotalEnergies has signed an agreement with Air Products, a US industrial gas company, to deliver green hydrogen. In a press release, TotalEnergies said it has signed a 15-year agreement to supply 70,000 tons of green hydrogen annually in Europe starting in 2030.
Under the agreement, Air Products will supply green hydrogen directly to TotalEnergies’ Northern European refineries from its global supply network. This hydrogen will help avoid approximately 700,000 tons of CO2 emissions annually.
Read more: EU’s new hydrogen project to generate $3.5B in private investments
The contract awarded to Air Products represents a significant step towards TotalEnergies’ goal of reducing net greenhouse gas emissions from its operated oil and gas operations (Scope 1+2) by up to 40% by 2030, compared to 2015 levels.
Patrick Pouyanné, Chairman and CEO of TotalEnergies, said, “Once again, we demonstrate our capacity to pioneer the energy transition and contribute to the emergence of a green hydrogen industry by offering long-term contracts with our six refineries and two biorefineries in Europe.”
TotalEnergies and Air Products have entered into a memorandum of understanding to procure renewable power, commencing with the signing of an initial Power Purchase Agreement (PPA) for 150 MW generated from a solar project in Texas.
Additionally, the companies intend to collaborate on exploring additional PPA prospects in the UK, Poland, and France.
Seifi Ghasemi, Air Products’ Chairman, President and CEO, added, “This contract validates our long-term strategy. Clearly, the demand is here and will grow significantly as we move forward, playing an essential role in decarbonizing heavy industry and other sectors.
TotalEnergies added in the press release that it aims to fully decarbonize the hydrogen used in its European refineries.
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