A new fund to finance infrastructure projects designed to foster the development of decarbonated hydrogen is set to be created by Pierre-Etienne Franc.

It’s been announced today (5th Feb) that Franc will leave his Vice-President of Hydrogen Energy World Business Line role at Air Liquide to pursue the entrepreneurial project.

In a statement, Air Liquide said it envisages becoming a partner in the fund.

Erwin Penfornis will replace Franc as Vice-President of the Hydrogen Energy World Business Line, effective 1st April, 2021.

Air Liquide said the appointment comes in a context of strong acceleration of the group’s activities in the field of hydrogen energy.

The French industrial gas giant said Penfornis has spent most of his career working in hydrogen.