MOSCOW (MRC) -- Air Liquide has outlined a series of new objectives in line with its growth trajectory, including firm targets to reduce its absolute CO2 emissions by 2025 and invest EUR8.0 billion (USD9.5 billion) in the hydrogen supply chain to ACT for a sustainable future, according to Kemicalinfo.
The company is aiming to accelerate its hydrogen developments to at least triple its turnover to more than EUR6 billion (USD7.1 billion) by 2035.
The major hydrogen plans were unveiled as part of the company’s environmental, social and governance (ESG) objectives.
With a focus on hydrogen, Air Liquide said it will reach its ambitious goals by investing approximately EUR8 billion (USD9.5 billion) in the low-carbon hydrogen supply chain and contributing to the development of a low-carbon hydrogen ecosystem for the industry and clean mobility.
Taking all of the above into consideration, Air Liquide said it hopes to bring its total electrolysis capacity to 3GW by 2030.
Announcing its ESG objectives, the company also said it is targeting carbon neutrality by 2050. As a first step in achieving the goal, the French industrial gas company is hoping to reduce its absolute carbon emissions by approximately 2025.
To decarbonise its assets, Air Liquide will leverage on capturing CO2, accelerating low-carbon hydrogen production through electrolysis or by using renewable feedstock such as biomethane.
Air Liquide will also deploy a broad range of low-carbon solutions for its clients to help them decrease their CO2 footprint. Such move includes low-carbon gases offering, accompanying customers in industrial process transformation, offering carbon capture expertise, and an asset takeover strategy with an objective to decarbonise them.
As MRC informed before, in early February 2021, Air Liquide (Paris:AI) and BASF, a world-leading chemical company, signed a contract in South Korea’s Yeosu National Industrial Complex to extend the term of their existing agreements over the long term. Within this context, Air Liquide leveraged the start-up in 2020 of its fourth hydrogen and carbon monoxide unit in this major industrial complex to increase by 20% the contractual volumes dedicated to BASF. Air Liquide’s first contract with BASF in Yeosu was signed 20 years ago. Since then, Air Liquide has significantly developed its industrial footprint in the Yeosu basin.
Besides, in September 2020, Air Liquide finalised an agreement with Sasol to acquire the biggest oxygen production site in the world with a plan to reduce its carbon dioxide (CO2) emissions by 30%. After the announcement on July 29, the international major industry gas company has now entered into a business purchase agreement with Sasol to acquire the oxygen production site in Secunda, South Africa.
We remind that Sasol's world-scale US ethane cracker with the capacity of 1.5 mln tonnes per year reached beneficial operation on 27 August 2019. Sasol's new cracker, the heart of LCCP, is the third and most significant of the seven LCCP facilities that came online and will provide feedstock to the company's six new derivative units at Sasol's Lake Charles multi-asset site.
Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 241,030 tonnes in January 2021 versus 217,890 tonnes a year earlier. Only shipments of low density polyethylene (LDPE) and high density polyethylene (HDPE) increased. At the same time, PP shipments to the Russian market reached 141,870 tonnes in January 2021 versus 123,520 tonnes a year earlier. Supply of homopolymer PP and PP block copolymers increased.