PRESS RELEASE : Linde and Snam Sign Agreement to Jointly Develop Clean Hydrogen Projects

 
 DGAP-News: Linde plc / Key word(s): Miscellaneous 
Linde and Snam Sign Agreement to Jointly Develop Clean Hydrogen Projects 
 
2020-12-07 / 12:00 
The issuer is solely responsible for the content of this announcement. 
 
*Linde and Snam Sign Agreement to Jointly Develop Clean Hydrogen Projects* 
 
Guildford, UK, December 7, 2020- Linde (NYSE: LIN; FWB: LIN) announced today 
it has signed a memorandum of understanding (MoU) with Snam to jointly 
develop clean hydrogen projects and related infrastructure in Europe. Snam, 
a world leading energy infrastructure company, owns and operates the largest 
natural gas transmission network in Europe, having approximately 42,000 
kilometers of pipeline across the continent. 
 
Linde and Snam will work together to promote key technologies along the 
hydrogen value chain and develop opportunities for joint investments in 
commercial projects in the areas of production, distribution, compression 
and storage. 
 
"Hydrogen is expected to play a significant role in achieving the European 
Green Deal goals," said Steve Angel, Chief Executive Officer, Linde. "We are 
pleased to collaborate with Snam, a recognized leader at the forefront of 
the energy transition, in the development of the clean hydrogen economy in 
Europe." 
 
"With this agreement, we combine the know-how and innovative capabilities of 
both Linde and Snam in order to contribute to scaling-up hydrogen and 
reaching climate goals, aligned with the European Hydrogen Strategy," said 
Marco Alverà, Chief Executive Officer, Snam. "The collaboration with one of 
the world's leading companies in the sector strengthens our role as operator 
along the hydrogen value chain and lays the foundation for new joint 
projects." 
 
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 unrivaled pipeline 
network of circa 1,000 kilometers to reliably supply its customers. Linde 
has installed close to 200 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 
GmbH. 
 
*About Linde * 
Linde is a leading global industrial gases and engineering company with 2019 
sales of $28 billion (&euro25 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 [1]. 
 
*Contacts:* 
*Investor Relations *        *Media Relations* 
Juan Pelaez                  Anna Davies 
Phone: [phone]       Phone: [phone] 
Email: [e-mail] Email: [e-mail] 
 
2020-12-07 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. 
 
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Archive at www.dgap.de 
Language:    English 
Company:     Linde plc 
             The Priestley Centre, 10 Priestley Road 
             GU2 7XY Guildford 
             United Kingdom 
Phone:       [phone] 
E-mail:      [e-mail] 
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: 1153207 
 
End of News DGAP News Service 
 
1153207 2020-12-07 
 
 
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(END) Dow Jones Newswires

December 07, 2020 06:00 ET (11:00 GMT)