Invitation to our general meeting 2025

TotalEnergies La Mède project

Air Liquide announced a renewable hydrogen production project at La Mède (France) in the frame of a long- term contract with TotalEnergies. A new hydrogen production unit will enable the production of renewable hydrogen from recycled biogenic by-products from the TotalEnergies biorefinery, instead of using fossil hydrocarbons as feedstock. The renewable hydrogen produced will be used mainly by the biorefinery for the production of biofuels and Sustainable Aviation Fuels (SAF). This project will contribute to the emergence of a new renewable hydrogen ecosystem in the Fos-sur- Mer area.

Two large-scale electrolyzer projects in the Netherlands

In a major step towards decarbonizing European industry, Air Liquide announces two large-scale electrolyzer projects to produce renewable and low-carbon hydrogen in Europe. The first project, ELYgator, is an Air Liquide 200 MW electrolyzer near Rotterdam (the Netherlands), leveraging already secured renewable electricity from offshore windfarms.

It will supply renewable and low- carbon hydrogen mainly TotalEnergies’ industrial platform and also other European industrial and heavy-duty mobility needs. In addition, Air Liquide and TotalEnergies announce the creation of a joint-venture to develop a 250 MW electrolyzer to supply the Zeeland refinery site (the Netherlands).

European fundings

Several major Air Liquide projects related to the energy transition were granted European subsidies in 2024:

• > 160 million euros from the CEF-E program for the d'Artagnan project, which includes CO₂ transportation pipelines and a terminal for the liquefaction and loading of CO₂ onto vessels in the port of Dunkirk (France);
• > 220 million euros from the European Innovation Fund for the ACCSION project run by Air Liquide and the Cementir Holding group, which concerns one of the leading onshore carbon capture and storage (CCS) value chains in Europe and will significantly reduce the CO₂ emissions of the Aalborg Portland cement plant (Denmark);
• > 110 million euros from the European Innovation Fund for the ENHANCE project which, for Air Liquide, consists of building, owning and operating a large-scale ammonia cracking plant to produce low-carbon hydrogen and an innovative hydrogen liquefier in Antwerp (Belgium).

Divestitures in Africa

Air Liquide finalized on July 22, 2024, the sale to Adenia Partners Ltd of the Group’s activities in twelve countries in Africa: Benin, Burkina Faso, Cameroon, Congo, Côte d'Ivoire, Gabon, Ghana, Madagascar, Mali, Democratic Republic of Congo, Senegal and Togo. These activities represented an annual revenue of approximately 60 million euros, less than 10% of the Group’s revenue in Africa.