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Total and Air Products sign major hydrogen off-take deal

RICHARD HEAP

June 7, 2024

French oil giant TotalEnergies has signed a 15-year deal to buy 70,000 tonnes of green hydrogen a year from 2030 from chemicals company Air Products.

This is the first long-term deal that TotalEnergies has signed following its call for potential suppliers of a total of 500,000 tonnes of green hydrogen annually to help it decarbonise its European refineries.

Patrick Pouyann√©, Chairman and chief executive of TotalEnergies, said: “We are proud to partner with Air Products, a pioneer in low carbon hydrogen production, under the leadership of Seifi Ghasemi. Once again, we demonstrate our capacity to pioneer the energy transition and contribute to the emergence of a green hydrogen industry by offering long-term contracts with our six refineries and two biorefineries in Europe.”

Seifi Ghasemi, president and chief executive at Air Products, said: “We always believed that if we made clean hydrogen available at commercial scale, the demand would be there. This contract validates our long-term strategy. Clearly the demand is here, and it will grow significantly as we move forward, playing an essential role in decarbonizing heavy industry and other sectors.”

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