Air Liquide to invest €8bn in hydrogen by 2035
Firm aims to up its R&D spending as it looks to grow sales of the low-carbon fuel
Industrial gases group Air Liquide will invest €8bn ($8.8bn) in the hydrogen value chain by 2035, according to its latest strategy document. Air Liquide spends more than €300mn on innovation every year, with more than 50pc dedicated to the energy transition and digital technology. It plans an average increase in industrial investment decisions of 45pc each year over the 2022-2025 period. As a result of these investments the firm estimates it will see sales in hydrogen rise from current levels of €2bn/yr to €6bn/yr by 2035. €6bn/yr – Targeted hydrogen sales by 2035 “In this high-potential market, the group intends to maintain its leading position by targeting the heavy mobility sector
![](/images/white-fade.png)
Also in this section
26 July 2024
European offtakers and strategic investors start to unlock North African country’s vast potential as a green hydrogen and ammonia supplier
25 July 2024
Investment in 100MW green hydrogen facility in Germany comes as oil major’s wider transition strategy comes under scrutiny
24 July 2024
World’s largest green fertiliser supply agreement puts Villeta project in Paraguay on track for FID later this year
23 July 2024
Awards experience 20% increase in nominations this year, with submissions from 27 countries