Air Liquide plans to invest up to 850 million dollars to build, own and operate four Large Modular Air separation units as well as related infrastructure in the framework of a long-term binding #agreement with ExxonMobil for its planned #lowcarbon #hydrogen project in Baytown, TX. This will enable Air Liquide to increase its #oxygen #production capacity by 50% in Texas. Pending final investment decision, this major project would mark the largest industrial investment in the history of the Air Liquide Group. This new Air Liquide Baytown low-carbon platform would serve primarily ExxonMobil with vast amounts of low-carbon oxygen and nitrogen, as well as significant volumes of argon and rare gases such as krypton and xenon for Air Liquide’s other customers. Thanks to low carbon electricity supply and Air Liquide’s innovative solution, the CO2 footprint of oxygen production will be reduced by two-thirds. In line with Air Liquide’s Advance strategic plan, this #decarbonization project will also contribute to enhancing the Group’s Industrial Merchant footprint in the U.S. 👉 https://ow.ly/LZUG50SosIm
Great initiative. To what extent has Air Liquide considered the impacts of climate change on this investment over the longer term - the proposed location of the plant is in a highly vulnerable location from climate change and a struggling State electrical supply network. Is this the best location for such a large investment or could you do better and with lower risk elsewhere?
Admired Org. Wish Roaring Business. Cheers/Srini (Talent Acquisition, HRBP & Corporate Services), Hyderabad, India
Congratulations, investments make you happy
Un grande 👏
😍😍
Congratulations Air Liquide and Contract Partners. 👍
Amazing strides
Great NEWS!
Buenísimo 👏
Moving forward!