Air Liquide issues €500 million green bond for sustainable energy projects

French industrial gas supplier Air Liquide has issued a new €500 million green bond to finance or refinance flagship energy transition and sustainable projects, in particular in low-carbon hydrogen, carbon capture and low-carbon air gases.

With this issuance, the group is raising €500 million with a 10-year maturity at a yield of 3.466%, Air Liquide said, adding that the transaction was executed under its Euro Medium Term Note (EMTN) program. This issuance follows the group’s inaugural 2021 green bond issue.

Jérôme Pelletan, Group Chief Financial Officer, commented: “The success of this second green bond issuance illustrates the investors’ confidence in Air Liquide’s ability to implement technologies and pioneer projects that contribute to the decarbonization of our activities as well as help our customers lower their carbon footprint.”

“This is in line with our strategic plan ADVANCE, which inseparably links financial and extra-financial performances. The technologies Air Liquide masters notably in the fields of low-carbon hydrogen, carbon capture and low-carbon air gases actively and concretely contribute to a transition to a low-carbon society.”

To note, Air Liquide is involved in multiple sustainable energy projects and partnerships, with its latest endeavour being a collaboration with the Dutch infrastructure provider Vopak.

The two parties signed a memorandum of understanding (MoU) at the beginning of 2024 to study and explore the joint development of low-carbon ammonia supply chains in Singapore. This includes the potential development of ammonia cracking facilities, associated ammonia storage and handling infrastructure at Vopak’s Banyan terminal, as well as the distribution of low-carbon hydrogen through a hydrogen pipeline network.

According to Air Liquide and Vopak, this collaboration aims to support Singapore’s National Hydrogen Strategy, focusing on driving advanced hydrogen technologies with high commercial readiness to establish low-carbon hydrogen supply chains.