Air Liquide invests in innovative hydrogen storage technology
PARIS -- April 18, 2013
Air Liquide (Paris:AI) announces an equity investment in the Australian
company HYDREXIA through its subsidiary ALIAD, which is dedicated to
investments in technology start-ups.
Founded in 2006 and based in Brisbane, Australia, HYDREXIA is a spin-offof
the University of Queensland. In 7 years, this young and innovative company
has developed effective and reliable hydrogen storage technology using a new
magnesium alloy in a solid form called “hydride”.
The hydrogen storage in the form of magnesium hydrides is a technology that
has been known since 1975, with its industrialization and commercialization
being slowed down until now because of the high production cost. This new
alloy should make it possible for the production of fixed or mobile stocks at
a competitive price compared to existing technologies, combined with a higher
This technology is to be used for industrial hydrogen markets such as glass,
steel and chemicals. In concrete terms, Air Liquide could deliver hydrogen
stored in the form of hydride to its customers rather than in cylinder or
François Darchis, Senior Vice-President and a Member of the Air Liquide
Executive Committee, said: “Storage in the form of magnesium hydride should
allow us to offer our industrial customers a particularly innovative solution.
Air Liquide has chosen to invest not only in the development of its own
technologies but also, notably through ALIAD, in young innovative companies
working in closely related fields. Innovation is at the heart of our strategy
and allows Air Liquide to strengthen its competitiveness and open new
Air Liquide Investments in the future and demonstration (ALIAD), is a 100%
AirLiquide subsidiary integrated in the Group’s new network Advanced Business
and Technologies entrepreneurial companies.
ALIAD contributes to the Group’s growth and competitiveness by investing in
young innovative companies offering new technologies. By placing investments
in a dedicated subsidiary, AirLiquide ensures itself all the means for
developing these projects with the necessary flexibility and reactivity.
Hydrogen storage under the form of magnesium hydride
Magnesium hydrides are materials that offer storage and transport technology
for hydrogen in a reliable low pressure solid form. Careful selection of the
composition and microstructure of the metallic hydrides allows for the rapid
absorption of hydrogen at moderate temperatures and pressure. Stored hydrogen
can be safely released by simply heating the alloy. These unique hydrides make
it possible to store and, in a reverse manner, release large quantities of
hydrogen and support thousands of cycles.
Air Liquide and Hydrogen
Air Liquide masters the hydrogen chain from the conception and construction of
large capacity production units right up to implementation at the customers’
sites all over the world.
Globally, Air Liquide operates more than 200 hydrogen production sites of
which 40 are large scale units. In 2012, Air Liquide produced 11.5 billion m3
The Group currently operates several hydrogen pipelines totaling nearly
Air Liquide is the world leader in gases for industry, health and the
environment, and is present in 80countries with close to 50,000employees.
Oxygen, nitrogen, hydrogen and rare gases have been at the core of Air
Liquide’s activities since its creation in 1902. Using these molecules, Air
Liquide continuously reinvents its business, anticipating the needs of current
and future markets. The Group innovates for the good of society while
delivering profitable growth and consistent performance.
Innovative technologies that curb polluting emissions, lower industry’s energy
use, recover and reuse natural resources or develop the energies of tomorrow,
such as hydrogen, biofuels or photovoltaic energy… Oxygen for hospitals, home
healthcare, fighting nosocomial infections… Air Liquide combines many products
and technologies to develop valuable applications and services not only for
its customers but also for society.
A partner for the long term, Air Liquide relies on employee commitment,
customer trust and shareholder support to pursue its vision of sustainable,
competitive growth. The diversity of Air Liquide’s teams, businesses, markets
and geographic presence provides a solid and sustainable base for its
development and strengthens its ability to push back its own limits, conquer
new territories and build its future.
Air Liquide explores the best that air can offer to preserve life, staying
true to its Corporate Social Responsibility and sustainable development
approach. In 2012, the Group’s revenues amounted to €15.3billion of which
82% were generated outside France. AirLiquide is listed on the Paris Euronext
stock exchange (compartment A) and is a member of the CAC 40 and Dow Jones
Euro Stoxx 50 indexes.
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