REG-TotalEnergies SE Decarbonization of European Refineries: A First Agreement Signed Between TotalEnergies and Air Products for the Delivery of Green Hydrogen

TotalEnergies SEAnnouncement

07/06/2024 15:15

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Decarbonization of European Refineries: A First Agreement Signed Between
TotalEnergies and Air Products for the Delivery of Green Hydrogen

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and Air Products have signed a
15-year agreement for the annual supply in Europe of 70,000 tons of green
hydrogen starting in 2030. This first long-term deal follows TotalEnergies’
call for tenders for the supply of 500,000 tons per year of green hydrogen to
decarbonize TotalEnergies’ 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 CO(2) each
year. The contract awarded to Air Products is a first step towards achieving
TotalEnergies' objective of reducing net greenhouse gas emissions from its
operated oil and gas operations (Scope 1+2) by 40% by 2030 compared to 2015
levels.

Air Products, worldwide leader in terms of hydrogen supply, has been a first
mover, committing more than $15 billion dollars to real, large-scale energy
transition projects and launching several large low carbon hydrogen projects
in the world, making it a leading and reliable supplier.

“This deal with Air Products, the first signed following the call for
tenders launched last year, is a steppingstone towards our goal of
decarbonizing the hydrogen used in TotalEnergies’ refineries in Northern
Europe by the end of the decade. We are proud to partner with Air Products, a
pioneer in low carbon hydrogen production, under the leadership of Seifi
Ghasemi. 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. We are also happy to extend our partnership with Air Products by
becoming ourselves a supplier of green power to Air Products and contributing
to Air Products’ own decarbonization roadmap,” said Patrick Pouyanné,
Chairman and CEO of TotalEnergies.

“Today, one of the largest energy companies in the world has committed to
use renewable hydrogen to decarbonize its refineries in Northern Europe, and
we at Air Products are honored and proud to be the producer and supplier of
the green hydrogen required,” said Air Products’ Chairman, President and
CEO Seifi Ghasemi. Noting that Air Products started on the journey of
producing clean hydrogen seven years ago, Seifi Ghasemi added, “We always
believed that if we made clean hydrogen available at commercial scale, the
demand would be there. This contract validates our long-term strategy. Clearly
the demand is here, and it will grow significantly as we move forward, playing
an essential role in decarbonizing heavy industry and other sectors. I also
want to express my admiration for Mr. Patrick Pouyanné’s vision and courage
in acting as a first-mover towards creating a cleaner future for the world.”

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. This agreement, which strengthens the
partnership between TotalEnergies and Air Products, will contribute to Air
Products‘ decarbonization roadmap and is in line with TotalEnergies’
integrated electricity strategy along the value chain.

TotalEnergies and the decarbonization of its European refineries

TotalEnergies is committed to reducing the carbon footprint of producing,
converting and supplying energy to its customers. One of the levers identified
by the Company is to use green or low carbon hydrogen to decarbonize its
European refineries, a move that should help reduce its CO(2) emissions by
around five million tons a year by 2030.

Aiming to fully decarbonize the hydrogen used in its European refineries, the
Company launched in September 2023, a call for tenders
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for the supply of 500,000 tons per year of green hydrogen.

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets
energies: oil and biofuels, natural gas and green gases, renewables and
electricity. Our more than 100,000 employees are committed to provide as many
people as possible with energy that is more reliable, more affordable and more
sustainable. Active in about 120 countries, TotalEnergies places
sustainability at the heart of its strategy, its projects and its operations.

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Cautionary Note

The terms “TotalEnergies”, “TotalEnergies company” or “Company” in
this document are used to designate TotalEnergies SE and the consolidated
entities that are directly or indirectly controlled by TotalEnergies SE.
Likewise, the words “we”, “us” and “our” may also be used to refer
to these entities or to their employees. The entities in which TotalEnergies
SE directly or indirectly owns a shareholding are separate legal entities.
This document may contain forward-looking information and statements that are
based on a number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be inaccurate in the
future and are subject to a number of risk factors. Neither TotalEnergies SE
nor any of its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends contained in
this document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the most
recent Registration Document, the French-language version of which is filed by
TotalEnergies SE with the French securities regulator Autorité des Marchés
Financiers (AMF), and in the Form 20-F filed with the United States Securities
and Exchange Commission (SEC).

About Air Products

Air Products (NYSE:APD
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) is a world-leading industrial gases company in operation for over 80 years
focused on serving energy, environmental, and emerging markets. The Company
has two growth pillars driven by sustainability. Air Products’ base business
provides essential industrial gases, related equipment and applications
expertise to customers in dozens of industries, including refining, chemicals,
metals, electronics, manufacturing, and food. The Company also develops,
engineers, builds, owns and operates some of the world's largest clean
hydrogen projects supporting the transition to low- and zero-carbon energy in
the heavy-duty transportation and industrial sectors. Additionally, Air
Products is the world leader in the supply of liquefied natural gas process
technology and equipment, and provides turbomachinery, membrane systems and
cryogenic containers globally.

The Company had fiscal 2023 sales of $12.6 billion from operations in
approximately 50 countries and has a current market capitalization of over $50
billion. Approximately 23,000 passionate, talented and committed employees
from diverse backgrounds are driven by Air Products’ higher purpose to
create innovative solutions that benefit the environment, enhance
sustainability and reimagine what's possible to address the challenges facing
customers, communities, and the world. For more information, visit
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Cautionary Note

This release contains “forward-looking statements” within the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based on management’s expectations and
assumptions as of the date of this release and are not guarantees of future
performance. While forward-looking statements are made in good faith and based
on assumptions, expectations and projections that management believes are
reasonable based on currently available information, actual performance and
financial results may differ materially from projections and estimates
expressed in the forward-looking statements because of many factors, including
the risk factors described in our Annual Report on Form 10-K for the fiscal
year ended September 30, 2023 and other factors disclosed in our filings with
the Securities and Exchange Commission. Except as required by law, we disclaim
any obligation or undertaking to update or revise any forward-looking
statements contained herein to reflect any change in the assumptions, beliefs
or expectations or any change in events, conditions or circumstances upon
which any such forward-looking statements are based.

TotalEnergies Contacts 

Media Relations : +33 (0)1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR 
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Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com 
(mailto:ir@totalenergies.com) 


Air Products Contacts: 

Media Relations:

(Global) Katie McDonald, tel: (610) 481-3673; email: mcdonace@airproducts.com 
(mailto:mcdonace@airproducts.com) 
(Europe & Africa) Nicola Long, tel: +44 1932 249532; email:
longn@airproducts.com 
(mailto:longn@airproducts.com) 


Investor Relations:

Sidd Manjeshwar, tel: (610) 481-1872; email: manjessj@airproducts.com 
(mailto:manjessj@airproducts.com) 
Mun Shieh, tel: (610) 481-2951; shiehmh@airproducts.com
(mailto:shiehmh@airproducts.com)



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