Air Liquide plans to triple its hydrogen revenue by 2035 | Photo credits: © Air Liquide
March 22 (Reuters) – Industrial gas specialist Air Liquide plans to at least triple its hydrogen revenue to more than 6 billion euros by 2035, the group said on Tuesday. when presenting its new medium-term objectives.
As one of the largest hydrogen producers in the world, Air Liquide intends to benefit from the acceleration of the energy transition and will invest around 8 billion euros in the low-carbon hydrogen value chain by 2035. , the company said in a statement.
“Building the future (..) also means acting as a leader in the decarbonization of the industry”, declared Benoît Potier, Chairman and CEO of Air Liquide.
The company, which supplies gases such as oxygen, nitrogen and hydrogen to factories and hospitals, also sees its sales grow by 5 to 6% on average per year until 2025 and its operating margin s improve by about 160 basis points over four years.
For 2022, the sales growth forecast of 5 to 6% is slightly below the consensus published by the company (+6.2% on a comparable basis). (Report Kate Entringer and Olivier Cherfan in Gdansk; French version Elena Vardon, edited by Jean-Michel Bélot)