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Air Liquide Signs New Green Loan Agreement Author/Source: Sinochem News Network Date: 2023-05-05 Views: 39 Recently, Air Liquide’s Shanghai Chemical Industry Park Industrial Gases Co., Ltd. signed a green loan agreement worth 500 million yuan with BNP Paribas (China) Co., Ltd., to finance two new hydrogen production units and related infrastructure at its site in the Shanghai Chemical Industry Park. This green loan follows the China-EU Common Classification Catalog for Sustainable Finance, establishes strict standards for hydrogen production, and sets emission thresholds for low-carbon hydrogen production. At the same time, this is the world’s first green loan to support low-carbon hydrogen production. These two new hydrogen production units will replace the existing third-party coal-based hydrogen production facilities, and they will enable the reduction of 350,000 tons of carbon dioxide emissions per year – an amount equivalent to the electricity-related emissions from 1 million households. Air Liquide is a pioneer in the field of green loans; it issued the first social responsibility investment bonds in 2012 to fund the expansion of its home healthcare business. In 2019, Air Liquide signed a syndicated credit line related to sustainable development, and in 2021 it issued green bonds, raising 500 million euros specifically for financing and refinancing sustainable projects. Bo Haitian, President and CEO of Air Liquide China, said: “This is our first green loan to support the production of low-carbon hydrogen, demonstrating our commitment to innovation in sustainable financing.” Under the ADVANCE strategic plan, the group will continue to develop reliable and competitive solutions to help customers reduce their carbon footprint. ”(