TotalEnergies, Air Products sign green hydrogen supply agreement
Published on: Jun 10, 2024
Starting in 2030, the 15-year partnership enables the annual supply of 70,000 tons of renewable hydrogen in Europe.
TotalEnergies and Air Products have signed a 15-year agreement for the annual supply of 70,000 tons of green hydrogen in Europe starting in 2030.
This first long-term deal follows the fir’ call for tenders for the supply of 500,000 tons per year of green hydrogen to decarbonize its 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.
This contract is a first step towards achieving the mobility company's goal of reducing net greenhouse gas emissions from its operated oil and gas operations by 40% by 2030 compared to 2015 levels.
“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,” said Patrick Pouyanné, Chairman and CEO of TotalEnergies.
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.
