STOCK TITAN

Linde Increases Hydrogen Production in Southeast United States

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Linde (NASDAQ:LIN) has increased the liquid hydrogen production capacity at its McIntosh, Alabama facility to 30 tons per day, investing approximately $90 million in the project. The expansion aims to meet the rising demand for hydrogen from both existing and new customers in various end markets, including manufacturing, electronics, space launch, and mobility. This move strengthens Linde's position as the largest supplier of liquid hydrogen in the U.S., enhancing its network density in the southeastern region.
Positive
  • None.
Negative
  • None.

WOKING, UK / ACCESSWIRE / December 5, 2023 / Linde (NASDAQ:LIN) announced today it has increased the liquid hydrogen production capacity at its facility in McIntosh, Alabama.

Linde's McIntosh facility will now produce up to 30 tons per day of liquid hydrogen for the local merchant market. The plant will meet increasing demand for hydrogen from Linde's existing and new customers in end markets including manufacturing and electronics. It will also supply hydrogen to Linde's space launch and mobility customers.

The expansion complements Linde's existing hydrogen business in the southeastern U.S. and increases network density in the region. Linde invested approximately $90 million in the project.

"Over the past decade we have continued to expand our robust hydrogen production and supply network in the U.S., establishing Linde as the largest supplier of liquid hydrogen in the country," said Todd Lawson, Vice President East Region, Linde. "As demand for liquid hydrogen continues to grow, we are proud to leverage our technology and expertise to safely start up this project on time and on budget."

About Linde

Linde is a leading global industrial gases and engineering company with 2022 sales of $33 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, decarbonize and protect our planet.

The company serves a variety of end markets such as chemicals & energy, food & beverage, electronics, healthcare, manufacturing, metals and mining. Linde's industrial gases and technologies are used in countless applications including production of clean hydrogen and carbon capture systems critical to the energy transition, life-saving medical oxygen and high-purity & specialty gases for electronics. 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/813335/linde-increases-hydrogen-production-in-southeast-united-states

FAQ

What is the latest announcement from Linde (NASDAQ:LIN)?

Linde (NASDAQ:LIN) has increased the liquid hydrogen production capacity at its McIntosh, Alabama facility to 30 tons per day, investing approximately $90 million in the project.

What is the purpose of the expansion at Linde's McIntosh facility?

The expansion aims to meet the rising demand for hydrogen from both existing and new customers in various end markets, including manufacturing, electronics, space launch, and mobility.

How does the expansion strengthen Linde's position in the U.S.?

This move strengthens Linde's position as the largest supplier of liquid hydrogen in the U.S., enhancing its network density in the southeastern region.

Linde plc Ordinary Share

NASDAQ:LIN

LIN Rankings

LIN Latest News

LIN Stock Data

218.85B
477.50M
0.2%
85.62%
1.03%
Specialty Chemicals
Industrial Inorganic Chemicals
Link
United States of America
WOKING SURREY