L'Air Liquide S.A. and Sogestran Group signed an agreement to form joint venture. It will provide large-scale liquid CO2 shipping and barging solutions tailored to the needs of future Carbon Capture and Storage (CCS) projects in Europe. This joint venture will strengthen Air Liquide's offering on the carbon management value chain, including capture, aggregation, processing, and transport to permanent storage locations.

CCS represents one of the fundamental tools in the decarbonization process in particular for the most carbon-intensive industrial sectors. In this context, shipping will be essential to transport CO2 from industrial plants with major CO2 emissions, where carbon is captured, to sequestration sites, where it will be permanently stored. Combining Air Liquide's expertise in CO2 with Sogestran's experience in high value-added transportation of goods, the joint venture will transport CO2 in its liquid form due to newly-designed shipping and barging solutions, invested and operated through this collaboration.