Air Liquide Subsidiary Gets Loan for Low-Carbon Hydrogen Production
July 18 2023 - 11:57AM
Dow Jones News
By Pierre Bertrand
Air Liquide said on Tuesday that its subsidiary Shanghai
Chemical Industry Park Industrial Gases Co. signed a bilateral
green loan for around 67 million euros ($75.3 million) as part of a
low-carbon hydrogen production project.
The funds relate to the subsidiary's project to build two
low-carbon hydrogen production units and associated infrastructure
in the Shanghai Chemical Industry Park, the French industrial gases
company said.
The new units will replace a third-party coal-based gasification
unit and will cut annual carbon-dioxide emissions by 350,000 tons,
equivalent to electricity-related emissions of 1 million Chinese
households, Air Liquide said.
BNP Paribas was the sole lending bank, Air Liquide said, adding
that it is the first green loan to support low-carbon hydrogen
production in alignment with the new China-European Union Common
Ground Taxonomy.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
July 18, 2023 12:42 ET (16:42 GMT)
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