Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United States
  4. Nyse
  5. Linde plc
  6. News
  7. Summary
    LIN   IE00BZ12WP82

LINDE PLC

(LIN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Linde : Starts Up Major New Hydrogen Facility in the U.S. Gulf Coast

10/21/2021 | 06:02am EST

DGAP-News: Linde plc / Key word(s): Miscellaneous
Linde Starts Up Major New Hydrogen Facility in the U.S. Gulf Coast

21.10.2021 / 12:00
The issuer is solely responsible for the content of this announcement.


Linde Starts Up Major New Hydrogen Facility in the U.S. Gulf Coast

Guildford, UK, October 21, 2021 - Linde (NYSE:LIN; FWB:LIN) announced today it has started up a new world-scale hydrogen production facility in Texas, bringing Linde's total U.S. Gulf Coast hydrogen capacity to approximately 1.5 billion cubic feet per day.

Linde's new plant has started supplying high-purity hydrogen to the Phillips 66 Sweeny Refinery in Old Ocean, Texas, under a long-term supply agreement. The new facility is located on Linde's approximately 600-kilometer U.S. Gulf Coast hydrogen pipeline, which runs from Lake Charles, Louisiana, to Freeport, Texas, and has now been extended to connect with the Sweeny Refinery. In addition to supplying Phillips 66, the new facility will meet the growing demand for hydrogen from other customers in the region.

"Over the past five years we have significantly expanded our already robust hydrogen supply system in the U.S. Gulf Coast," said Jeff Barnhard, Vice President South Region, Linde. "Supported by multiple supply sources and an innovative high-purity hydrogen storage cavern, this infrastructure enables us to provide our customers with reliable long-term supply. We are proud to have started up this major project on budget despite the macro challenges we encountered."

Linde is a global leader in the production, processing, storage and distribution of hydrogen. It has the largest liquid hydrogen capacity and distribution system in the world. The company operates the world's first high-purity hydrogen storage cavern plus pipeline networks totaling approximately 1,000 kilometers globally, to reliably supply its customers. Linde is at the forefront in the transition to clean hydrogen and has installed approximately 200 hydrogen fueling stations and 80 hydrogen electrolysis plants worldwide. The company offers the latest electrolysis technology through its world class engineering organization, key alliances and partnerships.

About Linde

Linde is a leading global industrial gases and engineering company with 2020 sales of $27 billion (?24 billion). We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain and protect our planet.

The company serves a variety of end markets including chemicals & refining, food & beverage, electronics, healthcare, manufacturing and primary metals. Linde's industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.

For more information about the company and its products and services, please visit www.linde.com


Contacts:
 
Investor Relations
Juan Pelaez
Phone: +1 203 837 2213
Email: juan.pelaez@linde.com
Media Relations
Anna Davies
Phone: +44 1483 244705
Email: anna.davies@linde.com


21.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Linde plc
The Priestley Centre, 10 Priestley Road
GU2 7XY Guildford
United Kingdom
Phone: +1-203-837-2210
E-mail: Investor_Relations@Linde.com
Internet: www.linde.com
ISIN: IE00BZ12WP82
WKN: A2DSYC
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Moscow, NYSE, Luxembourg Stock Exchange (Euro MTF)
EQS News ID: 1242512

 
End of News DGAP News Service

1242512  21.10.2021 

fncls.ssp?fn=show_t_gif&application_id=1242512&application_name=news&site_id=zonebourse_sftp

ę EQS 2021
All news about LINDE PLC
08:49aLinde Included in Dow Jones Sustainability World Index for 19th Consecutive Year
AQ
12/02Linde Included in Dow Jones Sustainability World Index for 19th Consecutive Year
EQ
12/02LINDE PLC : Ex-dividend day for
FA
11/30LINDE PLC : Release of a capital market information
EQ
11/26Citigroup Reinstates Linde at Buy With $381 Price Target
MT
11/23LINDE PLC : Release of a capital market information
EQ
11/18LINDE PLC : Change in Directors or Principal Officers, Financial Statements and Exhibits (..
AQ
11/16LINDE PLC : Release of a capital market information
EQ
11/12LINDE PLC : Notification and public disclosure of transactions by persons
EQ
11/12LINDE PLC : Deutsche Bank reiterates its Buy rating
MD
More news
Analyst Recommendations on LINDE PLC
More recommendations
Financials (USD)
Sales 2021 30 205 M - -
Net income 2021 4 242 M - -
Net Debt 2021 12 221 M - -
P/E ratio 2021 39,1x
Yield 2021 1,31%
Capitalization 165 B 165 B -
EV / Sales 2021 5,88x
EV / Sales 2022 5,52x
Nbr of Employees 72 159
Free-Float 92,7%
Chart LINDE PLC
Duration : Period :
Linde plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LINDE PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 23
Last Close Price 324,00 $
Average target price 356,00 $
Spread / Average Target 9,88%
EPS Revisions
Managers and Directors
Stephen F. Angel Chief Executive Officer & Director
Matthew J. White Chief Financial Officer & Executive Vice President
Wolfgang W. Reitzle Chairman
Earl Newsome Chief Information Officer-Americas IT
Sanjiv Lamba Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
LINDE PLC20.79%165 347
AIR PRODUCTS AND CHEMICALS, INC.5.20%63 654
NIPPON SANSO HOLDINGS CORPORATION35.18%9 570
AIR WATER INC.-3.33%3 379
SK MATERIALS CO., LTD.12.60%3 069
LINDE INDIA LIMITED155.17%2 818