Regulatory News:
Air Liquide (Paris:AI) and Faurecia today announce the
signature of a joint development agreement to design and produce
on-board liquid hydrogen storage systems for the automotive
industry. Through this technology partnership, the two companies
will accelerate the deployment of zero-emission heavy-duty
mobility.
Particularly well-suited for long-haul applications, liquid
hydrogen storage for fuel cell vehicles has a key role to
accelerate the transition toward carbon neutrality. With this
technology, the amount of hydrogen stored is double that of gaseous
hydrogen. As a consequence, heavy duty trucks operating on liquid
hydrogen have twice the autonomy of those operating on gaseous
hydrogen, and benefit from a short refueling time and optimized
payload.
The partnership will leverage the companies’ complementary
competencies from their respective core businesses which will be
fundamental to accelerate the technology’s time-to-market. On one
side, Air Liquide will bring its recognized expertise across the
entire liquid hydrogen value chain, including extreme
cryogenics, storage technology, refueling interface and
infrastructure know-how. On the other side, Faurecia will bring
its architecture and systems integration expertise, its
recognized skill in automotive testing and simulation, its global
automotive industrial know-how and footprint, as well as its strong
intimacy with vehicle manufacturers.
Benoît Potier, Chairman and Chief Executive Officer of
Air Liquide, declared: “Momentum is building around hydrogen,
generating worldwide interest. In this context, players from many
different sectors are joining forces to unlock the potential of
hydrogen. Our partnership with a world leader such as Faurecia aims
to accelerate the development of hydrogen mobility focusing on the
heavy-duty market, for which hydrogen is particularly suited.
Thanks to its innovation capacity and expertise, Air Liquide is
contributing to the development of hydrogen ecosystems on the
entire hydrogen value chain. In line with our sustainability
objectives, our ambition is to contribute actively to the emergence
of a low carbon society.”
Patrick Koller, Chief Executive Officer of Faurecia,
added: “This partnership is the first milestone of a great
journey with Air Liquide, a best-in-class partner in the field of
hydrogen. Teaming up these two complementary hydrogen specialists
will enable the development of cutting-edge liquid hydrogen storage
technologies for heavy mobility with a rapid
time-to-market.”
By 2030, fuel cell vehicle production could represent 2.5
million vehicles, of which 20% could be commercial trucks. Due to
intensive usage, by 2030, heavy-duty vehicles could represent close
to 60% of the hydrogen consumption for mobility markets.
About Air Liquide A world
leader in gases, technologies and services for Industry and Health,
Air Liquide is present in 78 countries with approximately 64,500
employees and serves more than 3.8 million customers and patients.
Oxygen, nitrogen and hydrogen are essential small molecules for
life, matter and energy. They embody Air Liquide’s scientific
territory and have been at the core of the company’s activities
since its creation in 1902.
Air Liquide’s ambition is to be a leader in its industry,
deliver long term performance and contribute to sustainability -
with a strong commitment to climate change and energy transition at
the heart of its strategy. The company’s customer-centric
transformation strategy aims at profitable, regular and responsible
growth over the long term. It relies on operational excellence,
selective investments, open innovation and a network organization
implemented by the Group worldwide. Through the commitment and
inventiveness of its people, Air Liquide leverages energy and
environment transition, changes in healthcare and digitization, and
delivers greater value to all its stakeholders.
Air Liquide’s revenue amounted to more than 20 billion euros in
2020. Air Liquide is listed on the Euronext Paris stock exchange
(compartment A) and belongs to the CAC 40, EURO STOXX 50 and
FTSE4Good indexes.
For more information please visit: www.airliquide.com
Air Liquide’s commitment to
hydrogen In full support of the 2015 Paris agreement,
the Air Liquide commitments address the urgency of climate change
and energy transition, targeting carbon neutrality by 2050. As a
pioneer in hydrogen, the Group is convinced that hydrogen is a
cornerstone of the energy transition. In the past 50 years, the
Group has developed unique expertise enabling it to master the
entire supply chain, from production and storage to distribution,
contributing to the widespread use of hydrogen as a clean energy
carrier for a wide range of applications such as industrial usages
and clean mobility.
Air Liquide is committed to reaching several goals, investing
approximately 8 billion Euro in the low-carbon hydrogen full value
chain by 2035, and a total of 3 GW electrolysis capacity by
2030.
About Faurecia Founded in
1997, Faurecia has grown to become a major player in the global
automotive industry. With 266 industrial sites, 39 R&D centers
and 114,000 employees in 35 countries, Faurecia is a global leader
in its four areas of business: seating, interiors, Clarion
Electronics and clean mobility. The Group’s strong technological
offering provides carmakers with solutions for the cockpit of the
future and sustainable mobility. In 2020, the Group reported total
turnover of €14.7 billion. Faurecia is listed on the Euronext Paris
market and is a component of the CAC Next 20 index. Find out more
at: www.faurecia.com
Faurecia’s vision for
hydrogen Societal and political pressure on the
automotive industry to reduce emissions has never been higher. As
stringent new regulations come into force around the world, and
with demand for electrified vehicles constantly increasing,
Faurecia has made sustainable mobility a strategic priority.
Hydrogen mobility is rapidly gaining momentum and Faurecia is at
the heart of a growing ecosystem of partners supporting its
industrialization and adoption at scale. Faurecia has a clear
roadmap to develop hydrogen solutions adapted to different use
cases in passenger cars, commercial vehicles, logistics, industries
and beyond over the coming decade. The Group covers 75% of the
hydrogen powertrain with hydrogen storage systems, as well as fuel
cell stack systems through Symbio, our joint venture with Michelin.
Faurecia ambitions to become a world leader in hydrogen mobility
and targets €3.5bn sales by 2030.
By 2050, the Group aims to be CO2 neutral for total emissions
including the use phase of our products.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211011005689/en/
AIR LIQUIDE Corporate Communications
media@airliquide.com
Investor Relations IRTeam@airliquide.com
FAURECIA Press Eric Fohlen-Weill, Director of
Corporate Communication / eric.fohlen-weill@faurecia.com
Analysts/Investors Marc Maillet, Director of Investor
Relations / marc.maillet@faurecia.com Matthieu Fernandez, Deputy
Investor Relations / matthieu.fernandez@faurecia.com
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