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(Alliance News) - Philippines subsidiaries of Royal Dutch Shell PLC and Air Liquide SA on Thursday signed a long-term contract for the supply of hydrogen to Shell's Tabangao refinery in Batangas, Philippines.
Air Liquide - the French industrial gases supplier - said it will invest EUR30 million in the construction of a state-of-the-art hydrogen manufacturing facility that will be built on the Tabangao refinery in Batangas.
The facility, owned and operated by Air Liquide, will be fitted with a CO2 recovery unit that mitigates direct carbon emission levels by capturing and liquefying the CO2 for other uses.
This new large scale project is in line with Air Liquide's climate objectives and commitment to supporting key customers and strategic partners with more sustainable solutions, it said.
"This gas supply contract reflects the long-term partnership and the mutual trust between Air Liquide and Shell," said Francois Abrial, member of the Air Liquide's executive committee supervising Asia Pacific.
"We are confident in our ability to create value for our key customers in the Philippines and deliver superior performance that considers both business interests and environmental sustainability," added Abrial.
Air Liquide shares were trading 0.4% higher in Paris on Thursday at EUR126.05 each, while Shell A and B shares in London were both down 0.3% at 2,299.50 pence and at 2,292.00p, respectively.