Integrated Annual Report 2025

When tech makes an impact

EXPANDING OUR INDUSTRIAL INFRASTRUCTURE IN LOUISIANA

In Taft, Air Liquide is committing up to 200 million U.S. dollars to upgrade an Air Separation Unit (ASU). The project will include linking to its existing network and extending its pipeline by about 30 miles along the Gulf Coast. This investment accompanies the renewal of a long-term contract with Dow at the St. Charles Operations site, where Air Liquide will continue providing oxygen and nitrogen. The upgraded ASU, now more tightly connected to the Mississippi River pipeline system, will make gas production and delivery more efficient for Dow and other industrial customers in the area.

This network reinforcement also supports the expansion of new assets in the state, including the recently inaugurated Large Modular Air Separation (LMA) facility in Geismar, which supplies oxygen, nitrogen and argon to industrial customers along the Mississippi River. By expanding its robust industrial pipeline network throughout Texas and Louisiana, Air Liquide can serve a broader portfolio of customers, provide more options to balance loadings and secure supply, and create a platform for future growth.

$200M committed to upgrade and expandAir Liquide's industrial infrastructure in Louisiana

+$50M in investment to support the semiconductor boom in the Southeastern U.S.

STRENGTHEN OUR AMERICAN FOOTHOLD

Together, these projects demonstrate how Air Liquide translates long-term market trends into concrete action. By expanding hydrogen and air gases capacity, densifying pipeline networks, and embedding operations close to customers’ most critical assets, the Group is strengthening its industrial platform in the USA.

These investments enhance flexibility, operational performance and supply security across key industrial basins. They align with the broader reshoring and friend-shoring momentum reshaping USA. industrial activity, as manufacturers return production capacity to the country. They also illustrate Air Liquide's ability to capture opportunities by leveraging existing infrastructure and long-standing customer relationships.

As a result, the USA continues to play a central role in Air Liquide’s Americas footprint - both as a driver of near-term growth and as a foundation for long-term value creation in strategically critical industries.