Air Liquide Launches Its Biomethane Activity in China
July 12 2022 - 1:45AM
Business Wire
Regulatory News:
Air Liquide (Paris:AI) invested and will operate its first
biomethane production unit in China by the end of 2022. Located in
Huai’an City, in the Jiangsu Province, the unit will have a
production capacity of 75 GWh per year. This project demonstrates a
circular economy and low-carbon approach, in line with the Group’s
Sustainable Objectives and strategic plan ADVANCE.
This new unit will produce biogas from agricultural and
livestock waste coming from local farms and purify it into
biomethane. With a total production capacity of 75 GWh/y, the unit
will inject the biomethane into the city gas grid to be used for
household consumption and also generate electricity for its own
consumption and injection into the electrical grid.
The biomethane unit will follow a circular economy approach. The
digestate, a byproduct material resulting from the biogas
production, will be processed to produce bio-fertilizers. These
bio-fertilizers will be used in the local agriculture, which,
besides food products, will also generate some waste that will be
processed in this unit to produce biomethane.
Biomethane has a high potential in China in particular as the
Chinese government supports projects promoting the valorization of
waste as part of its financial plans for the development of rural
regions.
Air Liquide has developed competencies throughout the whole
biomethane value chain, starting with biogas production from waste,
to its purification into biomethane, liquefaction, storage, and
transportation to distribution. Air Liquide now has 21 biomethane
operational production units in the world for a yearly production
capacity of about 1.4 TWh.
Emilie Mouren-Renouard, Member of the Air Liquide
Executive Committee, supervising Innovation and Development, said:
“We are pleased to start this first biomethane project in China,
a dynamic market, and to continue expanding this activity with our
partners in key countries. Biomethane follows a circular economy
approach and contributes to the reduction of CO2 emissions, thus to
the development of a low-carbon society. This investment is in line
with the priorities of our strategic plan ADVANCE for 2025, which
links inseparably growth and sustainable future.”
Global Markets &
Technologies
The GM&T World Business Unit delivers technological
solutions - molecules, equipment and services - to support the fast
moving markets of energy transition and deep tech, in order to
contribute to Air Liquide sustainable growth. GM&T employs
2,400 people worldwide, and generated a 2021 revenue of 669 million
euros.
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 75 countries with
approximately 66,400 employees and serves more than 3.8 million
customers and patients. Oxygen, nitrogen and hydrogen are essential
small molecules for life, matter and energy. They embody Air
Liquide’s scientific territory and have been at the core of the
company’s activities since its creation in 1902.
Taking action today while preparing the future is at the heart
of Air Liquide’s strategy. With ADVANCE, its strategic plan for
2025, Air Liquide is targeting a global performance, combining
financial and extra-financial dimensions. Positioned on new
markets, the Group benefits from major assets such as its business
model combining resilience and strength, its ability to innovate
and its technological expertise. The Group develops solutions
contributing to climate and the energy transition—particularly with
hydrogen—and takes action to progress in areas of healthcare,
digital and high technologies.
Air Liquide’s revenue amounted to more than 23 billion euros in
2021. Air Liquide is listed on the Euronext Paris stock exchange
(compartment A) and belongs to the CAC 40, CAC 40 ESG, EURO STOXX
50 and FTSE4Good indexes.
www.airliquide.com Follow us on Twitter
@airliquidegroup
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220711005727/en/
Corporate Communications media@airliquide.com
Investor Relations IRTeam@airliquide.com
C3 AI (NYSE:AI)
Historical Stock Chart
From Jun 2024 to Jul 2024
C3 AI (NYSE:AI)
Historical Stock Chart
From Jul 2023 to Jul 2024