By Giulia Petroni 
 

Air Liquide SA said Tuesday that it is partnering with TotalEnergies SE to optimize performance at the French oil-and-gas major's hydrogen platform in Normandy, France and develop a low-carbon hydrogen network.

The French industrial-gas company said that it will take over and operate TotalEnergies' hydrogen production unit of 255 tons a day under a long-term contract agreement, ultimately connecting it to its network.

Financial details weren't disclosed.

The companies also plan to jointly develop a carbon capture and storage project that will decarbonize the hydrogen produced at the site.

Transferring the hydrogen production unit to Air Liquide is subject to the approval of competent authorities as well as the process of consulting employee representatives at the TotalEnergies Normandy platform.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

September 14, 2021 05:04 ET (09:04 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
Air Liquide (EU:AI)
Historical Stock Chart
Von Okt 2021 bis Nov 2021 Click Here for more Air Liquide Charts.
Air Liquide (EU:AI)
Historical Stock Chart
Von Nov 2020 bis Nov 2021 Click Here for more Air Liquide Charts.