Our subsidiary Plastic Omnium New Energies will then develop and control the entire chain, from storing to generating electricity linked to hydrogen propulsion, positioning the Group as a key player in clean mobility.

Additionally, since 2017 the Group has been a member of the Hydrogen Council Steering Committee and Plastic Omnium is now positioned as a player in the field of electric propulsion. A bold challenge which proves once again that innovation is an integral part of Plastic Omnium's DNA.

Hydrogen is a key factor for energy transition

Plastic Omnium has long been committed to the development of clean solutions and has been exploring this new route for several years. The Group has opted for drive units using a hydrogen-powered fuel cell, for a number of reasons:

• the autonomy it gives each vehicle: an average of 700km;

• filling times (a few minutes);

• the system's weight (150kg, or 2 to 3 times lighter than a battery).

This means that the fuel cell has the same advantages as a combustion engine, but without the drawbacks of pollution.

The market for fuel-cell vehicles should reach maturity somewhere between 2025 and 2030. €100 million has already been invested since 2015 in this technology; €100 million follow.

Today, Plastic Omnium New Energies has almost 130 employees throughout France, Israel, Belgium and Switzerland.