Air Liquide's Turbo-Brayton Solution Acclaimed by the Maritime Transport Industry to Reduce Greenhouse Gas Emissions
19 Février 2020 - 9:15AM
Dow Jones News
Regulatory News:
Air Liquide (Paris:AI) is continuing to develop sales of its
Turbo-Brayton cryogenic equipment, with around 50 units sold over
the last two years for a total value of almost 180 million euros.
This innovative solution, which was developed for the maritime
transport industry and avoids greenhouse gas emissions, is
acclaimed by customers and sales are growing strongly.
The technology, developed by Air Liquide and based on the
Turbo-Brayton principle, reliquefies LNG (Liquefied Natural Gas)
boil-off on vessels transporting that product, thereby
significantly reducing greenhouse gas emissions during
transportation. Thanks to this technology, Air Liquide is helping
its customers to reduce their environmental impact. Indeed, the
approximately 50 Turbo-Brayton cryogenic units sold have the
potential to avoid more than 240,000 tons of CO(2) -equivalent
emissions per year. This equipment is designed to be installed on
LNG carriers, both on newly built ships and for retrofitting
existing vessels.
This Air Liquide technology was first used in the space industry
to cryogenically preserve biological samples on the International
Space Station (ISS), before being adapted for the maritime
transport industry. It can also be applied to biomethane. For
example, it is used to liquefy biomethane generated through the
anaerobic digestion of household and agricultural waste. In liquid
form, the biomethane can be transported easily to its point of use,
as a fuel in NGV stations (Natural Gas for Vehicles) or in ferry
terminals. Air Liquide has sold two such units in the Nordics.
Emilie Mouren-Renouard, Member of Air Liquide's Executive
Committee in charge of Innovation, Digital & IT, Intellectual
Property and the Global Markets & Technologies WBU, said: "This
commercial success illustrates the Group's capacity to support its
customers by developing efficient solutions that help them lower
the environmental impact of their activities. Air Liquide has long
been innovating for a low-carbon society. Our Climate Objectives
are now the most ambitious in our sector and these new
technologies, which are acclaimed by our customers, contribute to
reducing CO(2) emissions."
Global Markets & Technologies
The Global Markets & Technologies (GM&T) World Business
Unit delivers technological solutions (molecules, equipment and
services) to support the rising markets of energy transition and
deep tech, in order to drive Air Liquide's sustainable growth.
GM&T employs 2,000 people world-wide and generated a 2019
revenue of EUR552 million
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 80 countries with
approximately 67,000 employees and serves more than 3.7 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
company's activities since its creation in 1902.
Air Liquide's ambition is to be a leader in its industry,
deliver long term performance and contribute to sustainability. The
company's customer-centric transformation strategy aims at
profitable, regular and responsible growth over the long term. It
relies on operational excellence, selective investments, open
innovation and a network organization implemented by the Group
worldwide. Through the commitment and inventiveness of its people,
Air Liquide leverages energy and environment transition, changes in
healthcare and digitization, and delivers greater value to all its
stakeholders.
Air Liquide's revenue amounted to 22 billion euros in 2019 and
its solutions that protect life and the environment represented
more than 40% of sales. Air Liquide is listed on the Euronext Paris
stock exchange (compartment A) and belongs to the CAC 40, EURO
STOXX 50 and FTSE4Good indexes.
www.airliquide.com
Follow us on Twitter @airliquidegroup
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CONTACT: Corporate Communications
media@airliquide.com
+33 (0)1 40 62 58 49
Global Markets & Technologies Communications
Grenoble - France
+ 33 (0)4 76 43 59 28
Investor Relations
Paris - France
+33 (0)1 40 62 50 87
Philadelphia - USA
+1 610 263 8277
SOURCE: Air Liquide
Copyright Business Wire 2020
(END) Dow Jones Newswires
February 19, 2020 03:00 ET (08:00 GMT)
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