Air Liquide Leads The Way With €500M Green Bond For Energy Transition

Air Liquide Leads The Way With €500 Million Green Bond For Energy Transition - Carbon Herald

After issuing its first green bond in 2021, Air Liquide, a French company that supplies industrial gases, has introduced a new green bond worth €500 million to support or renew important projects related to energy transition and sustainability. 

This funding will be specifically used for initiatives such as low-carbon hydrogen, carbon capture, and low-carbon air gases.

The transaction was carried out within the company’s Euro Medium Term Note (EMTN) program, which targets European, Chinese, and American companies. With this strategic move, the company is securing €500 million with a 10-year term at a 3.466% yield. 

Relevant: Air Liquide To Build Carbon Capture Unit In The Port Of Rotterdam

By issuing a green bond, Air Liquide is not only raising capital for environmentally friendly projects but also demonstrating its commitment to driving the energy transition forward. This infusion of capital will enable the company to accelerate the development and deployment of technologies that will contribute to a more sustainable energy landscape.

According to Jérôme Pelletan, the Group’s CFO, the positive reception of the second green bond issuance reflects investors’ trust in Air Liquide’s capacity to develop innovative technologies and lead initiatives that support the reduction of carbon emissions in their operations while also aiding their customers in reducing the environmental impact.

He shares, “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.”

Read more: Air Liquide, Fluxys Belgium, And Port of Antwerp-Bruges Get EU Funding For CO2 Infrastructure

Air Liquide acknowledges the significance of tackling climate change and is actively working to reduce its carbon footprint. 

As part of its efforts, the company is participating in various green energy initiatives and collaborations, such as their recent collaboration with Vopak, a Dutch infrastructure company, to explore the development of eco-friendly ammonia supply networks in Singapore.

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