French oil major TotalEnergies will develop two green hydrogen projects with industrial gases company Air Liquide, aiming to help decarbonise Total’s Dutch and Belgian refineries, they said on Tuesday.
The two projects to build electrolysers represent a combined investment of more than 1 billion euros ($1.1 billion) and will cut CO2 emissions from TotalEnergies’ refineries by up to 450,000 metric tons annually, the companies said in a statement.
When produced using renewable electricity and through the electrolysis of water – rather than by stripping it from natural gas and releasing CO2 – hydrogen is a greener fuel as it leaves only water and oxygen as byproducts when burned.
This is leading many European governments to include the fuel in plans to replace oil or natural gas in their economies by 2050.
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