Air Liquide signed record volumes of PPAs in 2024, securing over 2,500 GWh of low-carbon electricity per year

In 2024, Air Liquide signed a record amount of multi-year power purchase agreements (PPAs) across Asia, Europe and South America, adding more than 2,500 GWh per year of low-carbon and renewable electricity to previously secured capacities. These agreements, most of them effective from January 2025, will decarbonize Air Liquide’s existing plants and support the Group's future decarbonized growth. This comes in addition to PPAs already signed, and marks an additional significant step towards Air Liquide's commitment to achieving carbon neutrality by 2050. 

These PPAs, obtained across key countries (China, France, Germany, Spain and Argentina) with terms ranging from 3 to 20 years, will enable Air Liquide to reduce its own CO2 emissions by an estimated 1.2 million tonnes per year. Furthermore, these agreements pave the way for decarbonized growth projects, particularly supporting the deployment of new technologies like electrolyzers in France (Normand’Hy) or Germany (Trailblazer). This also allows Air Liquide to fulfill demand by a growing number of customers for industrial gases with a lower carbon footprint, supporting their own decarbonization efforts.

Diana Schillag, member of Air Liquide's Executive Committee notably in charge of Sustainable Development, said:

As part of our ADVANCE strategic plan, sourcing low-carbon electricity is instrumental to reduce our CO2 emissions while providing our customers with low-carbon solutions, supporting their own decarbonization efforts. The record amount of low-carbon electricity secured in 2024 in key regions demonstrates Air Liquide’s pragmatic approach to decarbonisation. It highlights the Group’s agility in using the best levers at hand to reduce emissions as effectively as possible, particularly in carbon-intensive countries.

The sourcing of massive amounts of low-carbon electricity is one of the three levers of Air Liquide's decarbonization roadmap, which also includes modernizing assets to reduce energy consumption and deploying carbon capture and storage technologies.