Air Liquide to invest €8bn in hydrogen by 2035

Firm aims to up its R&D spending as it looks to grow sales of the low-carbon fuel

Industrial gases group Air Liquide will invest €8bn ($8.8bn) in the hydrogen value chain by 2035, according to its latest strategy document. Air Liquide spends more than €300mn on innovation every year, with more than 50pc dedicated to the energy transition and digital technology. It plans an average increase in industrial investment decisions of 45pc each year over the 2022-2025 period. As a result of these investments the firm estimates it will see sales in hydrogen rise from current levels of €2bn/yr to €6bn/yr by 2035. €6bn/yr – Targeted hydrogen sales by 2035 “In this high-potential market, the group intends to maintain its leading position by targeting the heavy mobility sector