Feb 18 (Reuters) - French industrial gases company Air Liquide on Tuesday announced a joint investment with French oil major TotalEnergies to develop two large-scale, low-carbon hydrogen production plants in the Netherlands.
The two projects represent a combined investment of more than 1 billion euros ($1.05 billion), Air Liquide's press release said.
The first project, a 200 megawatt (MW) electrolyser in Rotterdam, will be supplied by TotalEnergies’ wind farms off the Dutch coast and start operating from the end of 2027, Total said.
It represents a global investment of about 600 million euros for each partner. Both have made requests for support under European and national subsidy programmes.
The two companies also announced the creation of an equally held joint venture to build a 250 MW electrolyser project in the Zeeland province.
"Flagship projects such as the ones we are announcing today will play a key role in reducing emissions, particularly in hard-to-abate sectors such as industry and heavy mobility," said Emilie Mouren-Renouard, in charge of Europe operations within Air Liquide.
These projects will cut CO2 emissions from TotalEnergies’ refineries in Belgium and the Netherlands by up to 450,000 metric tons a year, Total said.
($1 = 0.9557 euros)
Reporting by Alban Kacher Editing by David Goodman
Source: Reuters