Hydrogen1

<div style="text-align: justify;"><span style="font-family: Arial; font-size: small;">As a pioneer in hydrogen, Air Liquide is convinced that this molecule will be decisive in the energy transition. The Group is responding to the urgency of climate change and is committed to achieving carbon neutrality by 2050. Hydrogen will be key to achieving this goal by making it possible to meet two major challenges to which Air Liquide is committed: decarbonizing heavy industry and revolutionizing clean mobility.</span></div>

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Hydrogen2

<div style="text-align: justify;"><font face="Arial" size="2">Thanks to its unique hydrogen expertise developed in industry (space, aeronautics, heavy industry) over the last 50 years, Air Liquide masters the entire value chain: production, transport, storage and distribution.</font></div><div style="text-align: justify;"><font face="Arial" size="2"><br></font></div><div style="text-align: justify;"><font face="Arial" size="2">This unique positioning and technological expertise, particularly in extreme cryogenics, makes Air Liquide a key player in the implementation of hydrogen projects, enabling it to meet all the needs of its customers in many sectors of activity.</font></div><div style="text-align: justify;"><font face="Arial" size="2"><br></font></div><div style="text-align: justify;"><font face="Arial" size="2">Hydrogen sales currently represent 1.2 million tons per year for a turnover of 2 billion euros.</font></div><div style="text-align: justify;"><font face="Arial" size="2"><br></font></div><div style="text-align: justify;"><font face="Arial" size="2">Hydrogen has many uses.&nbsp; As a high density energy carrier, non-toxic, non-corrosive and non-polluting, hydrogen can be used in fuel cells to generate heat and electricity. It is also a useful raw material for many industrial sectors. It can be stored on a large scale and transported in liquid or gaseous form.</font></div>

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Hydrogen3

<div style="text-align: left;"><font face="Arial"><b style="">A major lever for the decarbonization of industry</b></font></div><div style="text-align: justify;"><font face="Arial"><b style=""><br></b></font></div><div style="text-align: justify;"><font face="Arial" size="2">Through its Large Industries business line, Air Liquide already serves customers in the world's main industrial basins. This proximity, combined with our expertise and technologies, allows us to develop synergies between the industrial and mobility markets, to ensure the availability of hydrogen in large quantities.</font></div><div style="text-align: justify;"><font face="Arial" size="2"><br></font></div><div style="text-align: justify;"><font face="Arial" size="2">Hydrogen can be used in many industrial sectors that are challenging to decarbonize, for its energy potential or as a raw material:</font></div><div style="text-align: justify;"><ul><li><font face="Arial" size="2">Refining, to desulfurize hydrocarbons</font></li><li><font face="Arial" size="2">Chemistry, to produce methanol and synthetic fuels</font></li><li><font face="Arial" size="2">Metallurgy, for heat treatment</font></li><li><font face="Arial" size="2">But also in Electronics, as a carrier gas, research and analysis, welding, cement production, glassmaking...</font></li></ul></div>

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Hydrogen4

<div style="text-align: left;"><font face="Arial"><b>Revolutionizing clean transportation</b></font></div><div style="text-align: justify;"><font face="Arial" size="2"><br></font></div><div style="text-align: justify;"><font face="Arial" size="2">Hydrogen is at the heart of the clean transport revolution. As a precursor of hydrogen mobility, Air Liquide, through its Hydrogen Energy activity, has been using its existing industrial facilities, technologies and expertise to develop applications for transportation and in particular hydrogen stations for over 20 years. Hydrogen-powered electric vehicles are equipped with fuel cells that produce electricity on board the vehicle from the onboard hydrogen. With a recharge time of less than 5 minutes, allowing an autonomy of more than 600 km, hydrogen energy is particularly well suited to captive fleets: cabs, buses, utility vehicles, forklifts, etc.</font></div><div style="text-align: justify;"><font face="Arial" size="2"><br></font></div><div style="text-align: justify;"><font face="Arial" size="2">Thanks to hydrogen, Air Liquide is supporting the transition of the transport sector towards environmentally friendly mobility, in particular through its expertise in liquid hydrogen, which is particularly well suited to intensive mobility. The most promising markets for heavy mobility are road freight, maritime and aviation.</font></div><div style="text-align: justify;"><font face="Arial" size="2"><br></font></div><div style="text-align: justify;"><font face="Arial" size="2">Reducing emissions from heavy transport (trucks, buses, boats, planes, etc.) also makes it possible to considerably improve air quality and limit noise levels in dense areas.</font></div><div style="text-align: justify;"><font face="Arial" size="2"><br></font></div><div style="text-align: justify;"><font face="Arial" size="2">Air Liquide continues to develop large-scale projects and strategic alliances to accelerate the transition to hydrogen for mobility.</font></div>

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Hydrogen5

<div style="text-align: left;"><font face="Arial"><b>Producing low-carbon hydrogen</b></font></div><div style="text-align: justify;"><font face="Arial" size="2"><br></font></div><div style="text-align: justify;"><font face="Arial" size="2">In this context, a major challenge for Air Liquide is to scale up the production of renewable and low-carbon hydrogen to decarbonize our activities and those of our customers committed to the energy transition.</font></div><div style="text-align: justify;"><font face="Arial" size="2"><br></font></div><div style="text-align: justify;"><font face="Arial" size="2">Our technologies and our capacity for innovation enable us to offer, depending on market needs, renewable or low-carbon hydrogen produced</font></div><div style="text-align: justify;"><font face="Arial" size="2"><br></font></div><div style="text-align: justify;"><ul><li><font face="Arial" size="2">By electrolysis from renewable energies (wind, solar, hydro) or low-carbon sources</font></li><li><font face="Arial" size="2">By methane or biomethane reforming with CO2 capture and storage</font></li></ul></div><div style="text-align: justify;"><font face="Arial" size="2"><br></font></div><div style="text-align: justify;"><font face="Arial" size="2">Thanks to electrolysis, renewable energies - intermittent by nature - can be converted into hydrogen. As the molecule can be stored and transported so that it can be accessed at any time, hydrogen is a way of not losing the renewable energy produced during peak production periods.</font></div>

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Hydrogen6

<span style="font-family: Arial; font-size: small; text-align: justify;">As a pioneer in hydrogen, Air Liquide is convinced that this molecule will be decisive in the energy transition. The Group is responding to the urgency of climate change and is committed to achieving carbon neutrality by 2050. Hydrogen will be key to achieving this goal by making it possible to meet two major challenges to which Air Liquide is committed: decarbonizing heavy industry and revolutionizing clean mobility.</span>

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