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French trio TotalEnergies, Air Liquide and Vinci to create $1.7 billion hydrogen fund

By October 1, 2021December 16th, 2021No Comments

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French trio TotalEnergies, Air Liquide and Vinci to create $1.7 billion hydrogen fund

Oct 1, 2021 • Upstream

France’s TotalEnergies, Air Liquide and Vinci Group are partnering several other international companies to launch what they claim will be the world’s largest “clean hydrogen” infrastructure fund

TotalEnergies revealed on Friday that the group aims to build a €1.5 billion ($1.74 billion) fund to invest in low-carbon and renewable hydrogen infrastructure, noting that it has already received commitments totalling €800 million.

“We believe that clean, renewable hydrogen will play a key role in the energy transition, and TotalEnergies wants to be a pioneer in its mass production,” chief executive Patrick Pouyanne said.

“We are currently working on several projects, notably to decarbonise the grey hydrogen used in our European refineries by 2030. We are convinced that a collective effort is needed to kick-start the hydrogen sector and take it to scale.”

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