Regulatory News:
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) 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.
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 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 (Scope 1+2) by 40% by 2030 compared to 2015 levels.
Air Products, worldwide leader in terms of hydrogen supply, 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.
“This deal with Air Products, the first signed following the
call for tenders launched last year, is a steppingstone towards our
goal of decarbonizing the hydrogen used in TotalEnergies’
refineries in Northern Europe by the end of the decade. We are
proud to partner with Air Products, a pioneer in low carbon
hydrogen production, under the leadership of Seifi Ghasemi. 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.
Noting that Air Products started on the journey of producing clean
hydrogen seven years ago, Seifi Ghasemi added, “We always believed
that if we made clean hydrogen available at commercial scale, the
demand would be there. This contract validates our long-term
strategy. Clearly the demand is here, and it will grow
significantly as we move forward, playing an essential role in
decarbonizing heavy industry and other sectors. I also want to
express my admiration for Mr. Patrick Pouyanné’s vision and courage
in acting as a first-mover towards creating a cleaner future for
the world.”
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.
TotalEnergies and the decarbonization of its European
refineries
TotalEnergies is committed to reducing the carbon footprint of
producing, converting and supplying energy to its customers. One of
the levers identified by the Company is to use green or low carbon
hydrogen to decarbonize its European refineries, a move that should
help reduce its CO2 emissions by around five million tons a year by
2030.
Aiming to fully decarbonize the hydrogen used in its European
refineries, the Company launched in September 2023, a call for
tenders for the supply of 500,000 tons per year of green
hydrogen.
About TotalEnergies
TotalEnergies is a global integrated energy company that
produces and markets energies: oil and biofuels, natural gas and
green gases, renewables and electricity. Our more than 100,000
employees are committed to provide as many people as possible with
energy that is more reliable, more affordable and more sustainable.
Active in about 120 countries, TotalEnergies places sustainability
at the heart of its strategy, its projects and its operations.
@TotalEnergies | TotalEnergies | TotalEnergies
| TotalEnergies
Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company”
in this document are used to designate TotalEnergies SE and the
consolidated entities that are directly or indirectly controlled by
TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also
be used to refer to these entities or to their employees. The
entities in which TotalEnergies SE directly or indirectly owns a
shareholding are separate legal entities. This document may contain
forward-looking information and statements that are based on a
number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be
inaccurate in the future and are subject to a number of risk
factors. Neither TotalEnergies SE nor any of its subsidiaries
assumes any obligation to update publicly any forward-looking
information or statement, objectives or trends contained in this
document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the
most recent Registration Document, the French-language version of
which is filed by TotalEnergies SE with the French securities
regulator Autorité des Marchés Financiers (AMF), and in the Form
20-F filed with the United States Securities and Exchange
Commission (SEC).
About Air Products
Air Products (NYSE:APD) is a world-leading industrial gases
company in operation for over 80 years focused on serving energy,
environmental, and emerging markets. The Company has two growth
pillars driven by sustainability. Air Products’ base business
provides essential industrial gases, related equipment and
applications expertise to customers in dozens of industries,
including refining, chemicals, metals, electronics, manufacturing,
and food. The Company also develops, engineers, builds, owns and
operates some of the world's largest clean hydrogen projects
supporting the transition to low- and zero-carbon energy in the
heavy-duty transportation and industrial sectors. Additionally, Air
Products is the world leader in the supply of liquefied natural gas
process technology and equipment, and provides turbomachinery,
membrane systems and cryogenic containers globally.
The Company had fiscal 2023 sales of $12.6 billion from
operations in approximately 50 countries and has a current market
capitalization of over $50 billion. Approximately 23,000
passionate, talented and committed employees from diverse
backgrounds are driven by Air Products’ higher purpose to create
innovative solutions that benefit the environment, enhance
sustainability and reimagine what's possible to address the
challenges facing customers, communities, and the world. For more
information, visit www.airproducts.com or follow us on LinkedIn, X,
Facebook or Instagram.
Cautionary Note
This release contains “forward-looking statements” within the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. These forward-looking statements are based on
management’s expectations and assumptions as of the date of this
release and are not guarantees of future performance. While
forward-looking statements are made in good faith and based on
assumptions, expectations and projections that management believes
are reasonable based on currently available information, actual
performance and financial results may differ materially from
projections and estimates expressed in the forward-looking
statements because of many factors, including the risk factors
described in our Annual Report on Form 10-K for the fiscal year
ended September 30, 2023 and other factors disclosed in our filings
with the Securities and Exchange Commission. Except as required by
law, we disclaim any obligation or undertaking to update or revise
any forward-looking statements contained herein to reflect any
change in the assumptions, beliefs or expectations or any change in
events, conditions or circumstances upon which any such
forward-looking statements are based.
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TotalEnergies Contacts Media Relations : +33 (0)1 47 44
46 99 l presse@totalenergies.com l @TotalEnergiesPR Investor
Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com Air
Products Contacts: Media Relations: (Global) Katie McDonald,
tel: (610) 481-3673; email: mcdonace@airproducts.com (Europe &
Africa) Nicola Long, tel: +44 1932 249532; email:
longn@airproducts.com Investor Relations: Sidd Manjeshwar, tel:
(610) 481-1872; email: manjessj@airproducts.com Mun Shieh, tel:
(610) 481-2951; shiehmh@airproducts.com
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