Air Liquide Confirms Industrial Hydrogen as Core Growth Driver
Air Liquide has reaffirmed its commitment to industrial hydrogen as a core growth driver, despite a 2.4% fall in group revenues in the third quarter due to currency impacts and lower energy prices.
The company's core growth engines include US hydrogen infrastructure assets, electronics, healthcare, and the energy transition, such as the 200MW ELYgator electrolyser project in the Netherlands.
- Investment in strategic and bolt-on acquisitions, like DIG Airgas in South Korea and NovaAir in India
- $50m investment to upgrade existing hydrogen infrastructure in the US
This investment will expand pipeline capacity and integrate new distribution systems, strengthening Air Liquide's footprint in Texas, where it already operates pipeline infrastructure and its La Porte hydrogen facility.
No direct quote available in the text.
Author's summary: Air Liquide invests in hydrogen infrastructure.
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