Solvay’s Board of Directors was informed of Engie’s decision to propose Jean-Pierre Clamadieu as its Chairman following his election as Board Member at the French company’s next Shareholder meeting on May 18, 2018.
Jean-Pierre Clamadieu will remain the Chief Executive Officer of Solvay, focused on the implementation of the Group’s strategic priorities, while assuming his future non-executive position at Engie.
“The Board of Solvay and myself warmly congratulate Jean-Pierre for this nomination, which we discussed in full transparency. We are now accelerating the process to identify Jean-Pierre’s successor to pursue the successful strategy that we launched a few years ago. We appreciate Jean-Pierre’s commitment to facilitate a smooth transition,” said Nicolas Boël, Chairman of the Board of Solvay.
Both internal and external candidates will be considered during this succession process with the objective to conclude the transition by the end of the year.
France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).
The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.
At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?