Nel ASA (NLLSF)

[TPX]

Air Liquide and Sinopec sign MoU to accelerate hydrogen in China

6 November 2019

Air Liquide is partnering with Asia’s largest refiner Sinopec to accelerate the deployment of hydrogen mobility solutions in China, the French industrial gases group said today.

In the presence of French President Emmanuel Macron and China President Xi Jinping, the two companies signed a Memorandum of Understanding (MoU) in which they will study the development of the hydrogen mobility network.

The agreement will also see Air Liquide and Sinopec study the enhancement of the regulatory framework intrinsic to the development of hydrogen energy in China.

Air Liquide will provide Sinopec with its hydrogen supply chain expertise, from production and storage to distribution, in order to provide competitive hydrogen supply solutions to the Chinese clean mobility markets.

“We are delighted to strengthen our long-term partnership with Sinopec in order to accelerate the rollout of concrete solutions for the development of hydrogen energy infrastructure in China,” Benoît Potier, Air Liquide Chairman and CEO, said.

“This initiative represents an important milestone for hydrogen mobility in this major country, home to the largest automotive market in the world.”

“This partnership also illustrates Air Liquide’s contribution to the challenge of the energy transition and clean mobility by offering alternative energy solution, in line with the group’s climate objectives.”

DAI Houliang, Chairman of Sinopec, added, “Sinopec strives for a sustainable energy future for China and the world with our mission of ‘better energy for better living’.”

“In the green and low carbon transition of China, we believe that hydrogen will play an important role and we are able to contribute to the hydrogen energy development in China, together with our distinguished partners like Air Liquide.”

A member of the Hydrogen Council since September 2018, Sinopec adheres to its vision that hydrogen is key to foster the energy transition.

In view of the rapid development of the hydrogen and fuel cell industry in China, Air Liquide and Sinopec are aligned on the need to develop a hydrogen energy infrastructure network.

https://www.gasworld.com/air-liquide-and-sinopec-sign-mou/2018028.article