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Friday, 18 December 2020

AIR LIQUIDE TO SPEND BILLIONS ON H2

Air Liquide SA, the largest supplier of industrial gases, aims to spend billions of euros over the next ten years on hydrogen production to meet a surge in demand driven by a global shift to cleaner energy, its chief executive officer said on Wednesday.

The gas could account for 20% of worldwide energy consumption by 2050, with a market value of about $2.5 trillion, Benoit Potier told a French senate hearing on Wednesday. 

This means global investment of $5 trillion to $7.5 trillion, enabling carbon dioxide emissions to be cut by 6 billion tons - Link

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