ROTTERDAM - Air Products (NYSE:APD), a leading industrial gases provider, has signed a 10-year Power Purchase Agreement (PPA) with Eneco, a significant move in its pursuit of sustainability. This agreement will see Air Products sourcing a majority of its energy for liquid nitrogen and oxygen production in The Netherlands from the Vlagtwedde Solar PV farm, one of the country's renewable energy sources.
This strategic partnership aims to notably reduce emissions, with the anticipated impact equivalent to the carbon footprint of around 45,000 households over the contract's duration. This initiative is part of Air Products' broader commitment to minimize its carbon footprint in The Netherlands and contribute to a sustainable future. The company's sustainability efforts in the region also include plans for Europe's largest blue hydrogen facility and a renewable energy import terminal in the Port of Rotterdam, as well as a green hydrogen truck refueling station.
Harco van den Berg, Air Products' Business Manager Benelux, stated, "This 10-year PPA is a significant milestone in our journey towards sustainability. We are excited to partner with Eneco, and we believe this collaboration will contribute to our goals of decarbonizing the industrial gases sector."
Eneco's B2B Director, Dick Velings, emphasized the importance of more sustainably generated power to achieve climate neutrality. He expressed enthusiasm about the partnership, highlighting its role in enabling Air Products and its customers to become more sustainable.
Air Products, with over 80 years of operation, focuses on serving various markets, including energy and environmental sectors.
The information in this article is based on a press release statement from Air Products.
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