Air Products To Build Europe's Largest Blue Hydrogen Plant And Strengthens Long-Term Agreement
Portfolio Pulse from Benzinga Newsdesk
Air Products announced plans to build Europe's largest blue hydrogen plant in Rotterdam, the Netherlands, expected to be operational by 2026. The plant will serve ExxonMobil's Rotterdam refinery and other customers via Air Products' hydrogen pipeline network. The project is part of long-term agreements with ExxonMobil and the Dutch State. The plant will also feature a carbon capture and CO2 treatment facility, which will help reduce Air Products' direct emissions and contribute to meeting the Dutch National Climate Agreement targets.
November 06, 2023 | 2:41 pm
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POSITIVE IMPACT
Air Products' new blue hydrogen plant and carbon capture facility in Rotterdam will help reduce its direct emissions and contribute to climate targets. The project is part of long-term agreements with ExxonMobil and the Dutch State.
The new plant will enhance Air Products' product portfolio and strengthen its position in the hydrogen market. The carbon capture facility will help reduce its direct emissions, which could improve its reputation and attract environmentally conscious investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The new blue hydrogen plant in Rotterdam, part of long-term agreements between Air Products, ExxonMobil, and the Dutch State, will contribute to the Dutch National Climate Agreement targets.
The new plant will contribute to the Dutch National Climate Agreement targets, which could have a positive impact on the overall European market, including the Vanguard FTSE Europe ETF (VGK).
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
ExxonMobil will be served by Air Products' new blue hydrogen plant in Rotterdam. The project is part of long-term agreements between the two companies and the Dutch State.
The new plant will provide ExxonMobil with blue hydrogen, which could help the company reduce its carbon footprint and meet its net-zero emissions goal. This could improve its reputation and attract environmentally conscious investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80