Air Liquide: Kaetanobus and Toyota Motor Europe Agreement on Hydrogen-May 17, 2022 08:51

(AOF)-Air Liquide, Portuguese bus maker Caetano Bus and Toyota Motor Europe have signed a memorandum of understanding to offer an integrated offer for hydrogen mobility. This includes the development of infrastructure and vehicle fleets aimed at accelerating hydrogen deployment for both light and heavy vehicles. This partnership reflects the common ambitions of the three partners to contribute to the decarbonization of transportation and accelerate the development of local hydrogen ecosystems for many applications in terms of mobility.


Key Point

-Born in 1902, the second largest industrial and medical gas in the world after Lindeplux Air.

-Sales of € 23.3 billion consisting of three branches: 96% gas and industrial services, engineering and construction, followed by GMT-Global Markets and Technology.

-Revenue balance by region – 38% in the Americas, 33% in Europe and 22% in Asia Pacific.

-A business model based on multi-year contracts (1/3 of the revenue generated by 20-year contracts) and long-term industrial partnerships. It provides good visibility of future results and operating profit of over 20%.

-Open Capital. 33% are individual shareholders and 2.5% are employees. François Jackow is the new Group Managing Director since June 2022.

-A sound balance sheet with a net debt rating of A has dropped to € 10.4 billion, or 58.5% of shareholders’ equity.


-Advance the 2015 strategy with three priorities 1-Financial performance: Annual sales increase by 5-6%, profitability of more than 10% of capital used, investment from 2022 to 2025 Reduction of absolute CO2 emissions from 2025 by decision, half of which is devoted to energy transfer-2-Industrial decarbonization by supply of low carbon industrial gas, CO2 capture and management-3-5 Technological innovations for the profession: hydrogen mobility, electronics, health, industrial merchants, high technology-space, cryogenic, quantum …;

-The Innovation Strategy is funded by +300 million euros and aims for operational excellence, openness to core business or disruptive technology. Global Network of 6 Innovation Campuses, Academic Innovation Center with +400 Partnerships / Dedicated Labs: Digital Factory for Data Expertise, Alizent for IoT, m-Lab for Molecular, i-Lab for deciphering Trends, Part 60 % Is for energy transition … / Partnership with Chinese fund CSE and Accelair fund to fund venture capital ALIAD.

-CO2 capture, electrolysis hydrogen production, biomethane use / € 8 billion investment in hydrogen value chain by 2035, SME in partnership with Rothschild & CO and Solar Impulse to provide environmental solutions Invested in a € 200 million fund to support and participate in the Global Decarbonization Hydrogen Financing Fund (€ 1.2 billion investment in the short term, along with Baker Hughes, Charg Industries, Plug Power, TotalEnergies and Vinci , Has a leverage effect of 15 billion euros);

-The ability to pass on higher energy prices to customers.

-At the end of 2021, industrial investment opportunities will be € 3.3 billion, 40% of which will be in energy conversion.

French chemistry at full acceleration

After France reopened (135 chemistry projects spent € 2 billion), the country presented the France 2030 plan to give chemistry place pride. This perception supports the visibility of the sector, which plans to hire 120,000 people over the next five years. This is a significant increase when considering the total workforce (about 200,000). Corresponds to the aging of the active ingredients of chemicals. The goal is also to support the dynamics of the sector, which has enjoyed an average annual growth of 1.4% over 15 years, compared to a 1.2% decline across the industry. The rise of new sectors (batteries, biosources and materials for biotechnology products, activities related to the circular economy, etc.) is reshaping the market.