Linde Signs Agreement to Supply High-Purity Industrial Gases to PT Freeport Indonesia

Rhea-AI Summary

Linde (NYSE:LIN) has entered a long-term agreement with PT Freeport Indonesia to deliver high-purity industrial gases to a new copper smelter and refinery in Manyar, Indonesia. Linde will also build, own, and operate an air separation unit (ASU) to supply oxygen and nitrogen. This facility, set to start in mid-2024, will be among the largest ASUs in Indonesia and aims to enhance energy efficiency. The copper smelter will process concentrates from Freeport's Grasberg mine, supporting the growing demand for copper in electrification.

Positive

• Long-term agreement with PT Freeport Indonesia to supply high-purity industrial gases.
• Construction of a large air separation unit (ASU) will enhance operational capacity and energy efficiency.
• The new copper smelter will be the largest copper processing site in the world.

Negative

• None.

WOKING, UK / ACCESSWIRE / July 20, 2022 / Linde (NYSE:LIN)(FWB:LIN) today announced it has signed a long-term agreement to supply high-purity industrial gases to PT Freeport Indonesia, a leading mining company in Indonesia.

Linde will build, own and operate an air separation unit (ASU) to supply oxygen and nitrogen to PT Freeport Indonesia's new copper smelter and refinery in Manyar, Indonesia. The new copper smelter, the largest copper processing site in the world, will process concentrates from PT Freeport Indonesia's Grasberg mine. The new on-site facility is expected to start up in mid-2024 and will be one of the largest ASUs in Indonesia.

"Copper plays a key role in the electrification of transportation and industrial processes. We are excited to help PT Freeport expand its processing capacity in Indonesia," said Moloy Banerjee, President, ASEAN & South Asia, Linde. "By deploying Linde's advanced technology, we will deliver a customized plant which will significantly improve energy efficiency."

"Linde's track record for the safe and reliable supply of industrial gases made it our partner of choice as we expand our operations," said Tony Wenas, President Director, PT Freeport Indonesia.

About Linde

Linde is a leading global industrial gases and engineering company with 2021 sales of $31 billion (€26 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/709172/Linde-Signs-Agreement-to-Supply-High-Purity-Industrial-Gases-to-PT-Freeport-Indonesia

FAQ

What is the recent agreement between Linde and PT Freeport Indonesia?

Linde has signed a long-term agreement to supply high-purity industrial gases to PT Freeport Indonesia's new copper smelter in Manyar, Indonesia.

What will Linde build for PT Freeport Indonesia?

Linde will build, own, and operate an air separation unit (ASU) to supply oxygen and nitrogen to the new copper smelter.

When is the new facility expected to start operations?

The new facility is expected to start up in mid-2024.

What significance does the new copper smelter have?

The new copper smelter will be the largest copper processing site in the world, processing concentrates from the Grasberg mine.