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PARIS–(BUSINESS WIRE)–Regulatory Information:
Air Liquide (Paris:AI):
Air Liquide Korea and Lotte Chemical entered a three way partnership to scale-up the hydrogen provide chain for mobility markets in South Korea. The businesses will co-invest via the three way partnership in a brand new technology of huge scale hydrogen filling facilities in Daesan and Ulsan. Additionally they anticipate a number of synergies and envision the event of a number of alternatives to foster the rise of the hydrogen financial system in Korea.
Air Liquide joins forces with Lotte, one of many largest teams in South Korea, to co-invest in a brand new technology of huge scale hydrogen filling facilities in South Korea. The primary two items will probably be strategically situated within the industrial basins of Daesan and Ulsan to serve the densely populated areas of Seoul metropolitan space and Gyeonggi province within the Northwest, and Ulsan/Daegu/Busan metropolitan areas and Gyeongsang provinces within the southeast.
Every actor will deliver their complementary strengths. Air Liquide will deliver its experience in design, manufacturing and operation of key hydrogen applied sciences together with for hydrogen conditioning and distribution, and hydrogen refueling stations. Lotte Chemical will deliver its entry to giant portions of hydrogen, from its personal off-gas sources situated in South Korea’s important industrial basins of Daesan and Ulsan. These websites are strategically situated to host the conditioning hubs and refueling stations, and leverage demand in hydrogen for its personal fleet of vehicles group broad. The three way partnership will probably be established with Air Liquide Korea and Lotte Chemical investing 60% and 40% on this entity respectively.
Supported by a powerful political dedication, applied via its “Hydrogen Economic system Roadmap”, South Korea is a frontrunner within the shift in direction of a hydrogen financial system and clear mobility. The demand for hydrogen devoted to mobility in South Korea is anticipated to achieve 100 tonnes per day by 2025 and over 1,000 tonnes per day by 2030.
François Abrial, Member of the Air Liquide Group’s Government Committee supervising Asia Pacific, stated: “We’re happy to enter into this strategic alliance with Lotte Chemical, a serious industrial participant, to affix forces and speed up the event of the hydrogen sector in South Korea. Air Liquide is dedicated to actively contribute and make investments throughout the complete hydrogen chain, from manufacturing to storage, in addition to distribution and software developments for finish usages. According to its sustainability targets, which embrace reaching carbon neutrality by 2050, Air Liquide’s ambition is to contribute actively to the emergence of a low-carbon society.”
A world chief in gases, applied sciences and providers for Business and Well being, Air Liquide is current in 75 nations with roughly 66,400 staff and serves greater than 3.8 million clients and sufferers. Oxygen, nitrogen and hydrogen are important small molecules for all times, matter and power. They embody Air Liquide’s scientific territory and have been on the core of the corporate’s actions since its creation in 1902.
Taking motion as we speak whereas getting ready the long run is on the coronary heart of Air Liquide’s technique. With ADVANCE, its strategic plan for 2025, Air Liquide is focusing on a world efficiency, combining monetary and extra-financial dimensions. Positioned on new markets, the Group advantages from main belongings similar to its enterprise mannequin combining resilience and power, its capability to innovate and its technological experience. The Group develops options contributing to local weather and the power transition—notably with hydrogen—and takes motion to progress in areas of healthcare, digital and excessive applied sciences.
Air Liquide’s income amounted to greater than 23 billion euros in 2021. Air Liquide is listed on the Euronext Paris inventory change (compartment A) and belongs to the CAC 40, CAC 40 ESG, EURO STOXX 50 and FTSE4Good indexes.
www.airliquide.com
Comply with us on Twitter @airliquidegroup
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