on AIR LIQUIDE (EPA:AI)
Air Liquide Strengthens Gulf Coast Presence with $50 Million Hydrogen Investment
Air Liquide has announced a strategic expansion in the U.S. Gulf Coast, investing nearly $50 million to support new hydrogen supply agreements with two major U.S. refiners. This move aims to boost its presence in Texas and enhance its hydrogen infrastructure.
The investment will focus on upgrading existing pipeline systems and introducing new compression and distribution equipment. This strategy leverages Air Liquide's current assets, minimizing new developments while increasing supply capabilities.
Air Liquide's infrastructure connects to the world's largest hydrogen cavern in Texas, positioning the company to meet the substantial supply demands of large industries efficiently. This expansion underlines Air Liquide's commitment to evolving industrial needs and strengthening its leadership in the region.
R. P.
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