HomeNewsAir Liquide and TotalEnergies to invest more than €1 B in green hydrogen

Air Liquide and TotalEnergies to invest more than €1 B in green hydrogen

2/18/2025

French oil major TotalEnergies will develop two green hydrogen (H2) projects with industrial gases company Air Liquide, aiming to help decarbonize Total's Dutch and Belgian refineries, they said on Tuesday.

The two projects to build electrolyzers represent a combined investment of > €1 B ($1.1 B) and will cut carbon dioxide (CO2) emissions from TotalEnergies' refineries by up to 450,000 metric tpy, the companies said in a statement.

When produced using renewable electricity and through the electrolysis of water—rather than by stripping it from natural gas and releasing CO2—H2 is a greener fuel as it leaves only water and oxygen as byproducts when burned.

This is leading many European governments to include the fuel in plans to replace oil or natural gas in their economies by 2050.

However, high costs and uncertain demand have led many energy companies to freeze projects and pull back investment.

TotalEnergies CEO Patrick Pouyanne has said he would continue to use renewable H2 as a feedstock in Total's refineries to reduce net CO2 emissions, though he is reluctant to expand the H2 refueling station fleet from trucks to serving passenger cars before sufficient demand shows it is worthwhile financially.

The first joint project, a 200-megawatt (MW) electrolyzer in Rotterdam, will be supplied by TotalEnergies’ wind farms off the Dutch coast and will start operating from the end of 2027, Total said.

It represents a global investment of about €600 MM for both companies, which have made subsidy requests under European and national programs.

Air Liquide and Total will also establish a joint venture to build a 250-MW electrolyzer project in the Zeeland province of the Netherlands.

($1 = €0.9557)

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