L Air Liquide - AIQUY STOCK NEWS

Air Liquide has launched its first Sustainability Report, detailing its ESG commitments and extra-financial results. This report highlights significant achievements in reducing carbon intensity by 24% since 2015, with a goal of 30% reduction by 2025. The company is also focused on enhancing healthcare access, having improved oxygen accessibility for over 1 million people. Furthermore, Air Liquide is making strides in gender equity, achieving 31% female representation among its management. The report illustrates the Group's ongoing integration of sustainability in its growth strategy.

Air Liquide and Sogestran have established a joint venture to enhance large-scale liquid CO₂ shipping and barging solutions for future Carbon Capture and Storage (CCS) projects in Europe. This venture aims to strengthen Air Liquide’s carbon management strategies, facilitating the transport of captured CO₂ from industrial plants to storage sites. The agreement is pending antitrust clearance, expected to be finalized by mid-2022.

Air Liquide announces the availability of its Pre-Q1 2022 sales communication document, accessible on its corporate website under the 'Investors' section. This document assists in financial modeling ahead of the Q1 2022 revenue report set for April 27, 2022. The company, a global leader in gases and services for industry and health, recorded over 23 billion euros in revenue for 2021 and operates in 75 countries, serving more than 3.8 million customers. Air Liquide is committed to sustainability and aims for long-term performance.

Air Liquide and EQIOM have initiated the 'K6' project to transform EQIOM's Lumbres plant into a carbon-neutral cement facility in Europe. This project aims to capture approximately 8 million tons of CO₂ over ten years and has received €150 million in funding from the European Commission, selected from over 300 applications. Air Liquide will provide oxygen and utilize its Cryocap^TM technology for CO₂ capture. The project will also support the development of a carbon capture and storage ecosystem near Dunkirk.

The Combined General Meeting of Air Liquide (Paris:AI) is scheduled for May 4, 2022, at 3 p.m. in Paris. Shareholders will receive materials, including a voting form and agenda, ahead of the meeting. Key agenda items include the approval of 2021 financial statements and dividend distribution. The company emphasizes shareholder participation, allowing votes in person, by proxy, or via the internet. The meeting will also cover governance evolution and future strategies. Additional highlights include share ownership percentages and upcoming financial dates.

Air Liquide has entered a share purchase agreement for 1,200,000 shares, equating to 0.25% of its share capital. This agreement, signed on March 23^rd, 2022, aligns with its Share Buyback Program approved on May 4^th, 2021. The initial purchase price is set at €150.74 per share, totaling approximately €180.9 million. Shares will be partially canceled and used for employee share plans. This initiative underscores Air Liquide's commitment to enhancing shareholder value and long-term performance.

Air Liquide has launched its new strategic plan, ADVANCE, targeting growth through sustainable development by 2025. The plan emphasizes financial and non-financial performance with objectives of 5-6% annual sales growth, a return on capital employed (ROCE) exceeding 10% by 2023, and starting to reduce CO2 emissions in absolute terms around 2025. Investment is planned at 16 billion euros through 2025, focusing significantly on energy transition. Air Liquide aims to be a leader in decarbonization, targeting carbon neutrality by 2050.

Air Liquide and Eni have formed a collaboration to explore decarbonization solutions in the Mediterranean, focusing on hard-to-abate industrial sectors. This partnership aims to facilitate CO₂ capture, transport, and storage, which are crucial for achieving European emission reduction goals. Air Liquide will leverage its proprietary Cryocap™ technology to capture up to 95% of CO₂ emissions, while Eni will identify suitable permanent CO₂ storage locations. Both companies are committed to reducing industrial carbon emissions and achieving carbon neutrality by 2050.