TotalEnergies, Air Liquide and Vinci launch clean hydrogen infrastructure fund

LOTTE CHEMICAL

01/10/2021 06:58

PARIS, Oct 1 (Reuters) - French companies TotalEnergies
 TTEF.PA , Air Liquide  AIRP.PA  and Vinci  SGEF.PA  announced
the launch of what they said would be the world's largest clean
hydrogen infrastructure fund, as companies increase their
presence in the green energy sector.
    The companies said this fund aimed to reach 1.5  billion
euros ($1.74 billion), and had already secured initial
commitments of 800 million euros.
    "We believe that clean, renewable hydrogen will play a key
role in the energy transition, and TotalEnergies wants to be a
pioneer in its mass production," said TotalEnergies Chairman and
CEO Patrick Pouyanne.
    "We are currently working on several projects, notably to
decarbonize the grey hydrogen used in our European refineries by
2030. We are convinced that a collective effort is needed to
kick-start the hydrogen sector and take it to scale," he added.
    ($1 = 0.8637 euros)

 (Reporting by Benjamin Mallet;
Editing by Sudip Kar-Gupta)
 ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))