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    LIN   IE00BZ12WP82

LINDE PLC

(LIN)
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Linde : to Contribute to EU's Hydrogen Strategy as a Member of the European Clean Hydrogen Alliance

08/24/2020 | 08:40am EST

Guildford, UK - Linde (NYSE: LIN; FWB: LIN) announced today that it has been selected by the European Commission as a new member of the European Clean Hydrogen Alliance. Linde will contribute to the work of the Alliance through its long-standing expertise in hydrogen mobility, production, processing and distribution plus its leading position in the clean hydrogen industry.

The European Commission founded the European Clean Hydrogen Alliance as part of the new industrial strategy for Europe in March this year and hosted its official launch with an event in July. The Alliance brings together leading European industrial companies as well as representatives from politics and civil society. It is strongly anchored in the hydrogen value chain, covering renewable and low-carbon hydrogen from production via transmission to mobility, industry, energy, and heating applications. The Alliance aims to support the scaling up of production and demand for renewable and low-carbon hydrogen, coordinate action, and provide a broad forum to engage civil society.

'We are very pleased to join the European Clean Hydrogen Alliance,' said David Burns, Vice President, Linde Clean Hydrogen. 'We look forward to contributing our extensive expertise and proven capabilities in this space to support the development of the clean hydrogen market in Europe.'

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 also operates the world's first high-purity hydrogen storage cavern, coupled with an unrivalled pipeline network of approximately 1,000 kilometers to reliably supply its customers. Linde is at the forefront in the transition to clean hydrogen and has installed over 190 hydrogen fueling stations and 80 hydrogen electrolysis plants worldwide. The company offers the latest electrolysis technology through its newly formed joint venture ITM Linde Electrolysis.

About Linde

Linde is a leading global industrial gases and engineering company with 2019 sales of $28 billion (EUR25 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

juan.pelaez@linde.com

+1-203-837-2213

Media Relations

Anna Davies

anna.davies@linde.com

+44-1483-244-705

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
LINDE 0.00%End-of-day quote.1.52%
LINDE PLC -1.60% 316.38 Delayed Quote.-7.00%
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Financials (USD)
Sales 2021 30 175 M - -
Net income 2021 4 241 M - -
Net Debt 2021 12 263 M - -
P/E ratio 2021 41,0x
Yield 2021 1,32%
Capitalization 164 B 164 B -
EV / Sales 2021 5,83x
EV / Sales 2022 5,43x
Nbr of Employees 72 159
Free-Float -
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Stephen F. Angel Chief Executive Officer & Director
Matthew J. White Chief Financial Officer & Executive Vice President
Wolfgang W. Reitzle Chairman
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