TotalEnergies, Air Products sign deal for green hydrogen supply
This first long-term deal follows TotalEnergies call for tenders for the supply of 500,000 tons per year of green hydrogen to decarbonize TotalEnergies European refineries.
TotalEnergies and Air Products have signed a 15-year agreement for the annual supply in Europe of 70,000 tons of green hydrogen starting in 2030. This first long-term deal follows TotalEnergies call for tenders for the supply of 500,000 tons per year of green hydrogen to decarbonize TotalEnergies European refineries.
Air Products claims to be worldwide leader in terms of hydrogen supply.
Under the agreement, Air Products will deliver at TotalEnergies Northern European refineries’ doorstep, green hydrogen from Air Products’ global supply network. This hydrogen will avoid around 700,000 tons of CO₂ each year. The official statement held that the contract awarded to Air Products is a first step towards achieving TotalEnergies’ objective of reducing net greenhouse gas emissions from its operated oil and gas operations by 40% by 2030 compared to 2015 levels.
Air Products has been a first mover, committing more than $15 billion dollars to real, large-scale energy transition projects and launching several large low carbon hydrogen projects in the world, making it a leading and reliable supplier.
“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. We are also happy to extend our partnership with Air Products by becoming ourselves a supplier of green power to Air Products and contributing to Air Products’ own decarbonization roadmap,” said Patrick Pouyanné, Chairman and CEO of TotalEnergies.
“Today, one of the largest energy companies in the world has committed to use renewable hydrogen to decarbonize its refineries in Northern Europe, and we at Air Products are honored and proud to be the producer and supplier of the green hydrogen required,” said Air Products’ Chairman, President and CEO Seifi Ghasemi.
At the same time, TotalEnergies and Air Products have signed a memorandum of understanding for the supply of renewable power, which entails the signing of a first Power Purchase Agreement (PPA) for 150 MW produced at a solar project in Texas. The parties also plan to explore together further PPA opportunities in the UK, Poland and France. This agreement, which strengthens the partnership between TotalEnergies and Air Products, will contribute to Air Products‘ decarbonization roadmap and is in line with TotalEnergies’ integrated electricity strategy along the value chain.
