REGULATED PRESS RELEASE

from AIR LIQUIDE (EPA:AI)

Air Liquide voluntary low-carbon electricity sourcing gains momentum, with 3 TWh per year of additional PPAs started in 2025

PRESS RELEASE

Paris, January 22, 2026

Air Liquide voluntary low-carbon electricity sourcing gains momentum, with 3 TWh per year of additional PPAs started in 2025

Air Liquide confirms the effectiveness of its voluntary low-carbon electricity sourcing program, a core lever of its Climate Transition Plan, delivering concrete and impactful results. In 2025, significant 3 TWh per year multi-year Power Purchase Agreements (PPAs) were started, securing its long term decarbonization trajectory.

This proactive approach is particularly focused on geographies with carbon intensive power grids to maximize emission reduction and impact, such as China and South Africa. In 2025, the Group also signed its first PPAs in India, covering a new geography with a highly carbon-intensive energy mix.

Since 2020, as part of its Climate objectives, the Group has signed PPAs that represent a total reduction of 3.5 million tonnes of CO2 per year, with full ramp-up expected by 2027. This also allows Air Liquide to provide its customers with gases with a lower carbon footprint, thereby supporting their own decarbonization goals.

Air Liquide sources more than 40%1 of its total purchased power from low-carbon sources, underscoring its commitment to structurally transforming its energy mix on a global scale. The sourcing of massive amounts of low-carbon electricity is one of the three levers of its decarbonization roadmap, which also includes asset management to reduce energy consumption, but also carbon capture and storage.

This sourcing approach is further complemented by the electrification of the few remaining non-electrified Air Separation Units (ASUs). For example, the electrification of the Shaanxi ASU announced in December 2025 combined with low-carbon energy sourcing are projected to yield a significant annual reduction of the Group’s emissions by up to 550,000 tonnes.

Diana Schillag, member of Air Liquide's Executive Committee notably in charge of Sustainable Development, stated: “The ongoing deployment of our voluntary low-carbon electricity sourcing program is concrete evidence of our commitment to transforming our energy mix, securing additional low-carbon capacity on top of grid transition in geographies where we operate. Our goal is to maximize the impact of our actions on overall emissions reduction. It highlights the Group’s agility in using the best levers at hand to lower emissions as effectively as possible, particularly in carbon-intensive countries, while providing our customers with low-carbon solutions and supporting their own decarbonization efforts.”

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Air Liquide is a world leader in gases, technologies and services for industry and healthcare. Present in 60 countries with approximately 66,500 employees, the Group serves more than 4 million customers and patients. Oxygen, nitrogen and hydrogen are essential small molecules for life, matter and energy. They embody Air Liquide’s scientific territory and have been at the core of the Group’s activities since its creation in 1902.

Taking action today while preparing the future is at the heart of Air Liquide’s strategy. With ADVANCE, its strategic plan, Air Liquide is targeting a global performance, combining financial and extra-financial dimensions. Positioned on new markets, the Group benefits from major assets such as its business model combining resilience and strength, its ability to innovate and its technological expertise. The Group develops solutions contributing to climate and the energy transition — particularly with hydrogen — and takes action to progress in areas of healthcare, electronics and high technologies.

Air Liquide’s revenue amounted to more than 27 billion euros in 2024. Air Liquide is listed on the Euronext Paris stock exchange (compartment A) and belongs to the CAC 40, CAC 40 ESG, EURO STOXX 50, FTSE4Good and DJSI Europe indexes.

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Notes

  1. 2024 figures.

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