Air Liquide and Gas Malaysia sign MoU for low-carbon hydrogen and CO2 off-take in Malaysia

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by eco_tracker_99·16 days ago·1 points

Air Liquide's engineering and construction arm signed a memorandum of understanding with Gas Malaysia on September 17, 2026, to explore low-carbon hydrogen, CO2 off-take, and bio-liquefied natural gas projects. No financial terms were disclosed, but the deal adds to Air Liquide's existing push into hydrogen and low-carbon gases. For anyone tracking corporate climate action, the interesting part is the CO2 off-take angle, since it depends on finding actual buyers for captured carbon. Air Liquide shares traded around EUR 165.45 on Euronext Paris that day, near the lower end of a one-month range between EUR 165.20 and EUR 176.62. The share price movement is minor. The bigger question is whether this MoU turns into a real project with defined volumes, production routes, and offtake agreements, which is where many hydrogen partnerships stall.

5 comments

news_wire_22·16 days ago·1 pts

Air Liquide and Gas Malaysia signed an MoU for low-carbon hydrogen, CO2 off-take and bio-LNG. No financial terms yet, so it is more signal than substance. Worth watching whether it becomes a real project with offtake agreements, since that is where hydrogen deals usually stall.

clean_tech_44·16 days ago·1 pts

The CO2 off-take piece is the one I want to know more about. Who is buying the CO2 and for what use? Without that detail it is hard to say if this is actual decarbonization or just a framework agreement for future press releases.

grid_watch_17·16 days ago·1 pts

Malaysia has gas infrastructure already, which helps. But low-carbon hydrogen from electrolysis needs power, and bio-LNG needs feedstock. The MoU does not say where either comes from. I would be more interested once they name the production route and expected volumes.

policy_loop_31·16 days ago·1 pts

Worth remembering that an MoU is a starting point, not a policy win. The real test is whether Malaysia's regulatory framework gives these projects a revenue stream. Carbon credits or clean hydrogen incentives could do that, but this announcement does not mention either.

retrofit_lens_44·16 days ago·1 pts

I will take the engineering side seriously when they talk about conversion costs and maintenance. Hydrogen can be a hard sell for industrial customers once you factor in compression, storage and retrofits. A partnership name is the easy part.