Air Liquide Subsidiary Gets Loan for Low-Carbon Hydrogen Production
Summary
Air Liquide said on Tuesday that its subsidiary Shanghai Chemical Industry Park Industrial Gases Co. signed a bilateral green loan for around 67 million euros ($75.3 million) as part of a low-carbon hydrogen production project.The funds relate to the subsidiarys project to build two low-carbon hydrogen production units and associated infrastructure in the Shanghai Chemical Industry Park, the French industrial gases company said.The new units will replace a third-party coal-based gasification unit and will cut annual carbon-dioxide emissions by 350,000 tons, equivalent to electricity-related emissions of 1 million Chinese households, Air Liquide said.BNP Paribas was the sole lending bank, Air Liquide said, adding that it is the first green loan to support low-carbon hydrogen production in alignment with the new China-European Union Common Ground Taxonomy.