Air Liquide and Houpu Create a Joint Venture to Develop the Hydrogen Distribution Infrastructure in China

PARIS–(BUSINESS WIRE)–Regulatory News:

Air Liquide (Paris:AI) and Chengdu Huaqi Houpu Holding co., Ltd
(“Houpu”), finalized the creation of a joint venture for the
development, production and distribution of hydrogen refilling stations
for Fuel Cell Electric Vehicles: Air Liquide Houpu Hydrogen Equipment
co., Ltd.

This joint venture will enable the companies to develop projects
together
with a view to promoting the development of a network of
hydrogen stations in China. This collaboration will combine Air
Liquide’s global technological expertise in clean hydrogen mobility
solutions with Houpu’s leadership in the production and construction of
natural gas refilling stations on the Chinese market.

Thanks to this unique combination of know-how, Air Liquide and Houpu
will be able to provide their customers with state-of-the-art hydrogen
solutions and address fast-growing demand for environmentally friendly
solutions on the Chinese market. This partnership illustrates Air
Liquide’s contribution to the challenge of the energy transition and
clean mobility by offering alternative energy solutions.

This agreement is aligned with the Chinese government’s 13th five-year
plan, which aims to support clean mobility through, in particular, the
development and sale of fuel cell electric vehicles.

François Darchis, Senior Vice-President and member of the Air
Liquide group Executive Committee, supervising Innovation, said: “The
creation of this joint venture with Houpu illustrates the willingness of
the Chinese market players to contribute to decarbonize transportation,
reduce urban pollution and preserve the environment. Air Liquide is
facilitating the development of hydrogen mobility and its adoption by
users. This commitment, in line with the Group’s climate objectives, is
all the more significant given that China is the world’s largest car
market.”

Air Liquide in China

Air Liquide in China operates nearly 90 plants and employs more than
4,000 employees today. With a strong presence in the key coastal
industrial areas, Air Liquide is now expanding into the center, south
and west. Its main business activities include industrial and medical
gas operations, Engineering & Construction (designing, manufacturing and
installing air separation units/hydrogen facilities), as well as
Innovation activities.

Air Liquide commitment to Hydrogen Energy

In the past 50 years, Air Liquide has developed unique expertise
enabling it to master the entire hydrogen supply chain, from production
and storage to distribution and the development of applications for end
users, thus contributing to the widespread use of hydrogen as a clean
energy source, for mobility in particular. Air Liquide has designed and
installed more than 120 stations around the world to date.

Hydrogen is an alternative to meet the challenge of clean transportation
and thus contributes to the improvement of air quality. Used in a fuel
cell, hydrogen combines with oxygen in the air to produce electricity,
emitting only water. It does not generate any pollution at the point of
use: zero greenhouse gases, zero particles and zero noise. Hydrogen
provides a concrete response to the challenges posed by sustainable
mobility and local pollution in urban areas.

Chengdu Huaqi Houpu Holding co., Ltd

Houpu is a Chinese listed company (300,471) that provides clean energy
refueling equipment and related services. More than 5,000 natural gas
refilling equipment are supplied to more than 2,800 customers worldwide.
In the field of natural gas and hydrogen energy refilling, Houpu’s
capability covers the whole value chain including engineering, equipment
research and manufacture, integration, installation and after-sales
service.

 

A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 80 countries with
approximately 66,000 employees and serves more than 3.6 million
customers and patients. Oxygen, nitrogen and hydrogen are
essential small molecules for life, matter and energy. They embody
Air Liquide’s scientific territory and have been at the core of
the company’s activities since its creation in 1902.

 

Air Liquide’s ambition is to be a leader in its industry, deliver
long term performance and contribute to sustainability. The
company’s customer-centric transformation strategy aims at
profitable growth over the long term. It relies on operational
excellence, selective investments, open innovation and a network
organization implemented by the Group worldwide. Through the
commitment and inventiveness of its people, Air Liquide leverages
energy and environment transition, changes in healthcare and
digitization, and delivers greater value to all its stakeholders.

 

Air Liquide’s revenue amounted to 21 billion euros in 2018 and its
solutions that protect life and the environment represented more
than 40% of sales. Air Liquide is listed on the Euronext Paris
stock exchange (compartment A) and belongs to the CAC 40, EURO
STOXX 50 and FTSE4Good indexes.

www.airliquide.com
Follow
us on Twitter @airliquidegroup

Contacts

Corporate Communications
media@airliquide.com
+33
(0)1 40 62 58 49

Investor Relations
Paris – France
+33
(0)1 40 62 50 87
Philadelphia – USA
+1 610 263 8277

Hydrogen
Energy Communications

communication-h2e@airliquide.com
+33
(0)1 40 62 52 73