By Air Liquide (Paris:AI) and Vattenfall, a prominent electricity producer and retailer in Europe, have recently signed a Power Purchase Agreement (PPA) for 115 MW of renewable power capacity. This significant agreement expands Air Liquide’s renewable power supply in the Benelux region and demonstrates the company’s commitment to decarbonizing the European industry and reducing its carbon footprint.
The PPA, contracted for a period of 15 years starting in 2026, will bring Air Liquide’s total renewable power capacity in Benelux to approximately 270 MW. This capacity will provide energy equivalent to over 70% of the company’s current electricity consumption in the region. The renewable energy will be generated by Vattenfall’s Hollandse Kust Zuid (HKZ) offshore wind farm off the Dutch coast, which operates on a subsidy-free basis and at a world-scale level.
This PPA not only supports Air Liquide’s efforts in decarbonizing its industrial and medical activities in the region but also enables the company’s customers to reduce the carbon content of their end products, thus promoting a low-carbon economy in Europe. In total, the PPAs signed in the region will help Air Liquide reduce emissions related to power production by up to 8.5 million tonnes of CO(2) over the course of the contracts. This reduction is comparable to the emissions generated by more than 350,000 Dutch households.
Emilie Mouren-Renouard, Chief Executive Officer of the Europe Industries Hub, expressed the significance of this new large-scale PPA with Vattenfall. She highlighted how it marks an important milestone in securing renewable energy for Air Liquide, enabling the company to provide low-carbon solutions to its customers and support their decarbonization efforts. With the rapidly changing energy sector in Europe, Air Liquide is taking a leading role in the energy transition by actively supporting the development of renewable resources and fostering a low-carbon economy in Europe, in alignment with its Sustainable Development objectives.
Air Liquide Benelux
Air Liquide Benelux is a subsidiary of the Air Liquide Group, specializing in the production, distribution, and sale of industrial and medical gases, technologies, and services. Established in Belgium in 1906 and in the Netherlands in 1913, Air Liquide has a strong presence in the Benelux region with 22 industrial sites. The company employs over 1,200 people and serves more than 122,000 customers and patients.
About Air Liquide
Air Liquide is a global leader in gases, technologies, and services for Industry and Health. With a presence in 73 countries and a workforce of approximately 67,100 employees, the company caters to more than 3.9 million customers and patients worldwide. Oxygen, nitrogen, and hydrogen are fundamental molecules that play an essential role in various aspects of life, matter, and energy. Since its establishment in 1902, Air Liquide has been at the forefront of utilizing these molecules for its operations.
Strategy for the Future
Air Liquide focuses on taking action today while preparing for the future. Its strategic plan for 2025, called ADVANCE, aims to achieve global performance by combining financial and extra-financial dimensions. The company leverages its strong assets, including a resilient business model, innovative capabilities, and technological expertise, to explore new markets. With a commitment to sustainability, Air Liquide develops solutions that contribute to climate preservation and the energy transition, with a particular emphasis on hydrogen. Furthermore, the company also strives to advance healthcare, digitalization, and high technologies.
Financial Overview
In 2022, Air Liquide generated revenue exceeding 29.9 billion euros. As a testament to its success, the company is listed on the Euronext Paris stock exchange (compartment A) and is part of prestigious indexes such as CAC 40, CAC 40 ESG, EURO STOXX 50, and FTSE4Good.
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