TotalEnergies, Air Products in hydrogen deal

TotalEnergies 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.

Air Products Chairman, President and CEO Seifi Ghasemi (left) and TotalEnergies Chairman and CEO Patrick Pouyanné at the 7 June 2024 signing. (Image: Air Products)

Under the agreement, Air Products will deliver green hydrogen to TotalEnergies’ Northern European refineries. The company said 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, a worldwide leader in terms of hydrogen supply, has committed more than US$15 billion dollars to large-scale energy transition projects and launched several large low carbon hydrogen projects in the world.

“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,” said Patrick Pouyanné, Chairman and CEO of TotalEnergies.

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.