L’Air Liquide S.A AIQUY and Dow recently renewed their industrial gas supply arrangement at Stade, Germany, one of Lower Saxony’s largest chemical production facilities.
Per the deal, Air Liquide will supply industrial gases under a long-term deal while investing nearly 40 million euros in asset modernization to improve operating efficiency and reduce CO2 emissions. Air Liquide has been supplying industrial gases to Dow in Stade for more than 20 years.
As part of the arrangement, Air Liquide will upgrade its existing production assets – two Air Separation Units and one Partial Oxidation facility – as well as add a new CO2 recycling solution. This will allow the circular use of the CO2 produced, resulting in a 15% gain in energy efficiency and a reduction in emissions of around 15,000 tons per year, accounting for 80% of the Air Liquide site’s direct CO2 emissions. The renovation of these assets will be finished by 2024.
The required industrial transformation will need not only ground-breaking greenfield projects but also step-by-step modifications and modernization of existing plants. This is why, as part of Air Liquide’s long-term extension of the supply deal with Dow, the company has opted to invest in modernizing its Stade assets.
The solution applied will recycle CO2 from an existing production plant, allowing the company to improve energy efficiency while also lowering CO2 emissions. This investment aligns with Air Liquide’s ADVANCE strategic plan, which includes the goal of lowering the Group’s carbon emissions by one-third by 2035.
Shares of Air Liquide have gained 15.9% over the past year against a 20.7% decline of its industry.
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Air Liquide’s Current Ranking and Top Picks in the Industry
Air Liquide currently carries a Zacks Rank #4 (Sell).
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