JOINT PRESS RELEASE
Paris, Tokyo, November 15, 2023

Air Liquide and ENEOS partner to accelerate thedevelopment of low-carbon hydrogen and energy
transition in Japan
Air Liquide, a world leader in gases, technologies and services for Industry and Health, and ENEOS
Corporation, Japan’s leading energy company, have signed a Memorandum of Understanding (MoU) tocollaborate on accelerating the development of low-carbon hydrogen in Japan and contribute to the energy
transition. This partnership intends to capitalize on ENEOS' strong energy infrastructure and market
presence in Japan as well as on Air Liquide's more than 60 years of expertise across the entire hydrogenvalue chain - from production, liquefaction, transport, storage and distribution to usages - as well as
mastery of Carbon Capture, Utilization and Storage (CCUS).
This partnership will span the whole value chain of low-carbon hydrogen. Upstream, the partners will study
the development of low-carbon hydrogen production, using both CCUS and electrolysis technologies.
Furthermore, they will examine possible collaboration in the development of an international liquid hydrogen
supply chain to serve the Japanese market from abroad. Downstream, the partnership will envisage jointinitiatives to develop hydrogen mobility in Japan, including through a hydrogen refueling station
infrastructure. In addition, Air Liquide and ENEOS will explore a collaboration in innovation along thehydrogen supply chain.
Armelle Levieux, member of Air Liquide’s Executive Committee and Vice President of Innovation supervisingHydrogen activities, said: “Air Liquide is proud to partner with ENEOS, Japan’s leading energy company. This
collaboration, which will span the whole value chain of renewable and low-carbon hydrogen, will combine thestrengths of two leaders in their field. As such, it can significantly contribute to the development of hydrogenas a key element of decarbonization of industry and mobility in Japan. This partnership is yet another signthat Air Liquide is accelerating in the energy transition. It is in line with our strategic plan ADVANCE, whichclosely links financial and extra-financial performances.”
Tomohide Miyata Representative Director, Executive Vice President, ENEOS, said: “Under the ENEOS Group’s
Long-Term Vision to 2040, we are taking on the challenge of achieving both “a stable supply of energy andmaterials” and “the realization of a carbon-neutral society”. We believe the collaboration with Air Liquide,
which is one of the world's largest industrial gas companies, will also serve as a basis for leading energy
transition and continue to support energy supply in Japan in a carbon neutral society. ENEOS is currently
considering MCH* as our main hydrogen carrier, but through this MOU, we also pursue the exploration ofliquefied hydrogen in the future to contribute to the formation of a decarbonized society. ”*MCH (Methylcyclohexane) is a Liquid Organic Hydrogen Carrier (LOHC) which is liquid at ambient temperature and pressure with thevolume being 1/500th of gaseous hydrogen. This makes it easy to handle, store and transport.

Air Liquide Contacts

ENEOS Contacts

Corporate Communications
media@airliquide.com

Public Relation Department
pr@eneos.com+81-3-6257-7150

Investor Relations
IRTeam@airliquide.com

Joint Press Release Air Liquide - ENEOSAbout Air Liquide
A world leader in gases, technologies and services for Industry and Health, Air Liquide is present in 73 countries with approximately
67,100 employees and serves more than 3.9 million customers and patients. Oxygen, nitrogen and hydrogen are essential small
molecules for life, matter and energy. They embody Air Liquide’s scientific territory and have been at the core of the company’sactivities since its creation in 1902.
Taking action today while preparing the future is at the heart of Air Liquide’s strategy. With ADVANCE, its strategic plan for 2025, Air
Liquide is targeting a global performance, combining financial and extra-financial dimensions. Positioned on new markets, theGroup benefits from major assets such as its business model combining resilience and strength, its ability to innovate and its
technological expertise. The Group develops solutions contributing to climate and the energy transition—particularly withhydrogen—and takes action to progress in areas of healthcare, digital and high technologies.
Air Liquide’s revenue amounted to more than 29.9 billion euros in 2022. Air Liquide is listed on the Euronext Paris stock exchange(compartment A) and belongs to the CAC 40, CAC 40 ESG, EURO STOXX 50, FTSE4Good and DJSI Europe indexes.

For more information, visit www.airliquide.com
About ENEOS
ENEOS Group is Japan’s leading energy company with manufacturing and sales facilities throughout the world. The Group has
developed businesses in the energy and non-ferrous metals segments, from upstream to downstream. While fulfilling ourresponsibility of providing a stable supply of energy and materials both now and in the future, we will realize a carbon neutral society
through energy transition. This is also a great challenge for mankind, and we, the ENEOS Group, will maximize our corporate value by
steadily taking on the challenge.
As we take on this difficult challenge, the ENEOS Group has set “supporting ‘today’s normal,’taking the lead for ‘tomorrow’s normal’”as our new commitment to realizing the ENEOS Group Philosophy and positioned the Third Medium-Term Management Plan as thekey period which will determine the success or failure of the transition toward the Long-Term Vision. In order to earn even greater
trust from our stakeholders, the ENEOS Group, as a leading company creating tomorrow’s normal, practices management withsufficient awareness of capital cost and capital efficiency.
For more information, visit https://www.eneos.co.jp/english/

Joint Press Release Air Liquide - ENEOS