Linde Expands Agreement with Celanese to Provide Decarbonization Solutions

Rhea-AI Summary

Linde has expanded its agreement with Celanese Corporation to supply carbon dioxide and hydrogen to its Clear Lake, Texas facility. This expansion allows Celanese to use captured carbon dioxide and hydrogen for methanol production, significantly reducing carbon intensity. The supply is expected to begin in the first half of 2023. This partnership aligns with Celanese's goals of minimizing operational impact and enhancing environmental sustainability. Linde aims to assist customers in producing essential chemicals with a lower carbon footprint while simultaneously reducing its own emissions.

Positive

• Expansion of agreement with Celanese enhances Linde's product offerings.
• Lower carbon intensity methanol production aligns with global sustainability goals.
• Potential for reduced carbon emissions through supply of captured carbon dioxide.

Negative

• None.

GULDFORD, UK / ACCESSWIRE / February 7, 2022 / Linde (NYSE:LIN; FWB:LIN) announced today it has expanded its existing agreement with Celanese Corporation, a global chemical and specialty materials company, and will begin supplying carbon dioxide and hydrogen to the Celanese manufacturing facility in Clear Lake, Texas.

Linde currently supplies oxygen, nitrogen and carbon monoxide to the Clear Lake facility. Under the terms of the expanded agreement, Linde will now also supply carbon dioxide captured in its nearby carbon monoxide production facility. Celanese will use the carbon dioxide, plus hydrogen, as an alternative feedstock to produce methanol with a significantly lower carbon intensity in their Fairway Methanol LLC joint venture. By using the carbon dioxide captured from Linde's facility, the hydrogen supplied by Linde will also have a lower carbon intensity. Supply is expected to commence in the first half of 2023.

"Celanese is taking strategic steps aimed at reducing our operational impact globally, and the work we are doing with recycled carbon dioxide at our Clear Lake facility is a significant step forward in our efforts to preserve the environment and be a responsible community partner," said John Fotheringham, Senior Vice President, Acetyls, Celanese. "By working with Linde, we expect to produce lower carbon intensity methanol with a high capital efficiency at a competitive cost."

"Linde's products and technologies can assist customers in finding ways to produce essential chemicals with a lower carbon intensity," said Jeff Barnhard, Vice President South Region, Linde. "By capturing the carbon dioxide from our production facility and providing this to Celanese for use in their process, we are helping them to reduce their carbon footprint while also lowering Linde's own carbon emissions."

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 & energy, food & beverage, electronics, healthcare, manufacturing, metals and mining. 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

SOURCE: Linde plc

View source version on accesswire.com:
https://www.accesswire.com/687550/Linde-Expands-Agreement-with-Celanese-to-Provide-Decarbonization-Solutions

FAQ

What is the recent agreement between Linde and Celanese?

Linde has expanded its agreement with Celanese to supply carbon dioxide and hydrogen for lower carbon intensity methanol production.

When will Linde start supplying carbon dioxide and hydrogen to Celanese?

Supply is expected to commence in the first half of 2023.

How does Linde's new supply agreement benefit the environment?

The agreement allows for the production of methanol with significantly lower carbon intensity, reducing carbon emissions.

What products will Linde supply to Celanese under the expanded agreement?

Linde will supply carbon dioxide captured from its nearby production facility and hydrogen.

What are the main goals of the partnership between Linde and Celanese?

The partnership aims to reduce operational impact and carbon footprint while enhancing capital efficiency in methanol production.