Air Liquide: Lime Production Decarbonization Project-May 9, 2022 08:47

(AOF)-Air Liquide and Royst use innovative technology and owners of Air Liquide’s Cryocap CO2 capture facility to decarbonize the Royst lime production plant in Letty, Hauts-de-France. I signed a memorandum of understanding for the purpose. In this regard, Air Liquide and Royst have submitted a joint request for funding from the European Innovation Fund Support Program for large-scale projects. This partnership marks a new step in building a low-carbon industrial ecosystem in the larger part of Dunkirk.


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 specialties Innovations for the field: hydrogen mobility, electronics, health, industrial merchants, high technology-space, cryogenic, quantum …;

-Innovation Strategy Raised +300 Million Euros for Operational Excellence, Openness to Core Business or Disruptive Technologies: Global Network of 6 Innovation Campus, Academic Innovation Center with +400 Partnerships / Dedicated Lab : Digital factory for data expertise, Alident for IoT, m-Lab for Molecular, i-Lab for deciphering Trends, 60% for energy transition … / Partnering with Chinese funds CSE and Accelair fund, Funding Venture Capital ALIAD.

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

-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.