Air Liquide and TotalEnergies to invest more than 1 billion euros in electrolyser projects

(Reuters) – French industrial gases company Air Liquide on Tuesday announced a joint investment with French oil major TotalEnergies to develop two large-scale, low-carbon hydrogen production plants in the Netherlands.

The two projects represent a combined investment of more than 1 billion euros ($1.05 billion), Air Liquide’s press release said.

The first project, a 200 megawatt (MW) electrolyser in Rotterdam, will supply TotalEnergies’ windfarms off the Dutch coast from the end of 2027, it said.

The two companies also announced the creation of a joint venture to build a 250 MW electrolyser project in the Zeeland province.

($1 = 0.9557 euros)

(Reporting by Alban Kacher; Editing by David Goodman)