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Air Liquide to Invest Billions in Bet on Hydrogen Boom

  • Hydrogen could total 20% of global energy by 2050, CEO says
  • CEO calls French government’s hydrogen plan ‘a good start’
Benoit Potier
Benoit PotierPhotographer: Christophe Morin/Bloomberg

Air Liquide SA, the largest supplier of industrial gases, aims to spend billions of euros over the next ten years on hydrogen production to meet a surge in demand driven by a global shift to cleaner energy, its chief executive officer said on Wednesday.

The gas could account for 20% of worldwide energy consumption by 2050, with a market value of about $2.5 trillion, Benoit Potier told a French senate hearing on Wednesday. This means global investment of $5 trillion to $7.5 trillion, enabling carbon dioxide emissions to be cut by 6 billion tons.