ArcelorMittal's site in the industrial basin of Ghent in Belgium

€100 M ALLOCATED EACH YEAR TO REDUCING THE CO₂ EMISSIONS OF OUR PRODUCTS AND THOSE OF OUR CUSTOMERS

The climate at the heart of Air Liquide’s strategy

Global warming is a critical concern from a social and economical point of view. We have reached a turning point in ensuring a successful energy transition. At a time when policymakers, companies and investors across the world are working on the economic recovery, an opportunity has emerged to really make a difference and to focus on the ideal growth models that we envision for the future.

At Air Liquide, we have committed for some time to limiting our own environmental footprint and that of our customers. We draw on our capacity for innovation to invent more sustainable solutions. We are therefore taking ambitious actions to reduce the carbon intensity of our activities by 30% by 2025⁽¹⁾, notably through the signature of long-term renewable electricity purchase agreements to power our production sites, such as in Texas and more recently in Spain, and by improving the energy efficiency of our plants. At the same time, we have stepped up innovative initiatives to support the industry in switching to cleaner solutions. In South Africa, the Group is currently completing the acquisition of the largest oxygen production site in the world, with the aim of reducing its CO₂ emissions by 30 to 40% by 2030. In the steel industry, we are working on a project with ArcelorMittal in Belgium to capture carbon emissions from steel production and recycle them into bioethanol. Another example, in the maritime industry, is our TurboBrayton solution which reliquefies natural gas evaporations from tankers and thus limits the emissions of this greenhouse gas.

We strive to focus on useful and responsible innovation in every aspect of our business. Innovation opens up new possibilities to drive a low-carbon society as well as new markets for future growth.

(1) Based on 2015 emission levels