Linde Signs Agreements to De-captivate Two Air Separation Units and Expand Supply of Industrial Gases to Tata Steel Limited in India
Linde has signed agreements to acquire and operate two additional air separation units (ASUs) and expand industrial gas supply to Tata Steel in Odisha, India. The deal will more than double Linde's on-site capacity at Tata Steel's Kalinganagar facility, where it currently operates two plants. The new ASUs, expected to transfer in 2025, will supply oxygen, nitrogen, and argon to support Tata Steel's expansion project and serve the local merchant market. Linde has also secured renewable energy agreements to reduce Scope 2 emissions, aligning with its 2035 GHG reduction targets.
Linde ha firmato accordi per acquisire e gestire due ulteriori unità di separazione dell'aria (ASU) ed espandere la fornitura di gas industriale a Tata Steel in Odisha, India. L'accordo raddoppierà la capacità on-site di Linde presso l'impianto di Tata Steel a Kalinganagar, dove attualmente opera due impianti. Le nuove ASU, previste per il trasferimento nel 2025, forniranno ossigeno, azoto e argon per supportare il progetto di espansione di Tata Steel e servire il mercato locale. Linde ha anche ottenuto accordi per l'energia rinnovabile per ridurre le emissioni di Scope 2, in linea con i suoi obiettivi di riduzione delle emissioni di gas serra nel 2035.
Linde ha firmado acuerdos para adquirir y operar dos unidades de separación de aire (ASU) adicionales y expandir el suministro de gases industriales a Tata Steel en Odisha, India. Este acuerdo más que duplicará la capacidad en el sitio de Linde en la planta de Tata Steel en Kalinganagar, donde actualmente opera dos plantas. Las nuevas ASU, que se espera transferir en 2025, suministrarán oxígeno, nitrógeno y argón para apoyar el proyecto de expansión de Tata Steel y atender el mercado local. Linde también ha asegurado acuerdos de energía renovable para reducir las emisiones de Scope 2, alineándose con sus objetivos de reducción de GHG para 2035.
린데(Linde)는 오디샤, 인도에 있는 타타 스틸(Tata Steel)에 산업 가스 공급을 확장하고 두 개의 추가 공기 분리 장치(ASU)를 인수 및 운영하기 위한 계약을 체결했습니다. 이 거래로 린데의 카링가나가르(Kalinganagar) 시설에서의 현장 용량이 두 배 이상 증가하게 되며, 현재 두 개의 공장을 운영하고 있습니다. 새로운 ASU는 2025년에 이전될 예정이며, 타타 스틸의 확장 프로젝트를 지원하고 지역 상업 시장에 산소, 질소 및 아르곤을 공급할 것입니다. 린데는 또한 Scope 2 배출량을 줄이기 위한 재생 가능 에너지 계약을 체결하여 2035년 GHG 감축 목표에 맞추고 있습니다.
Linde a signé des accords pour acquérir et exploiter deux unités de sépération d'air (ASU) supplémentaires et élargir l'approvisionnement en gaz industriels pour Tata Steel en Odisha, Inde. Cette opération va plus que doubler la capacité sur site de Linde à l'installation de Kalinganagar de Tata Steel, où elle exploite actuellement deux installations. Les nouvelles ASU, dont la transition est prévue en 2025, fourniront de l'oxygène, de l'azote et de l'argon pour soutenir le projet d'expansion de Tata Steel et desservir le marché local. Linde a également sécurisé des accords sur l'énergie renouvelable pour réduire les émissions de Scope 2, en phase avec ses objectifs de réduction des GES pour 2035.
Linde hat Vereinbarungen unterzeichnet, um zwei zusätzliche Luftzerlegungsanlagen (ASUs) zu erwerben und den industriellen Gasversorger Tata Steel in Odisha, Indien, zu erweitern. Der Deal wird Lindes On-Site-Kapazität am Kalinganagar-Werk von Tata Steel mehr als verdoppeln, wo derzeit zwei Anlagen betrieben werden. Die neuen ASUs, deren Übertragung für 2025 geplant ist, werden Sauerstoff, Stickstoff und Argon bereitstellen, um das Expansionsprojekt von Tata Steel zu unterstützen und den lokalen Marktplatz zu bedienen. Linde hat außerdem Vereinbarungen über erneuerbare Energien gesichert, um die Scope-2-Emissionen zu reduzieren und sich an seinen Zielen zur Reduzierung von Treibhausgasemissionen im Jahr 2035 auszurichten.
- More than doubles on-site production capacity through acquisition of two new ASUs
- Secures long-term supply agreement with major customer Tata Steel
- Expands market presence in growing Indian industrial gas cluster
- Additional revenue potential from local merchant market sales
- None.
Insights
This strategic expansion with Tata Steel represents a significant growth opportunity for Linde in India's rapidly developing industrial sector. The de-captivation of two ASUs and expanded supply agreement will more than double Linde's on-site capacity in the region, creating multiple revenue streams through both the long-term Tata Steel contract and merchant market sales.
The deal's structure aligns with Linde's asset-light strategy by acquiring already-under-construction facilities, reducing capital risk. The integration of renewable energy sources not only supports environmental goals but potentially provides cost advantages and ESG compliance. The expansion in Odisha, one of India's key industrial hubs, strengthens Linde's market position and network density, likely leading to operational synergies and increased market share.
The acquisition of these ASUs in Odisha's industrial cluster is strategically significant. By doubling capacity and securing a long-term supply agreement with a major steel producer, Linde gains important operational leverage in a high-growth region. The ability to serve both Tata Steel's expansion needs and the merchant market creates a robust dual revenue model.
The integration of renewable energy for plant operations positions Linde advantageously in India's evolving industrial landscape, where environmental compliance is increasingly important. This move strengthens Linde's competitive position in India's industrial gas market, particularly in the steel sector, while supporting the company's global sustainability initiatives.
WOKING, UK / ACCESSWIRE / October 24, 2024 / Linde (NASDAQ:LIN) announced that it has signed agreements to de-captivate two air separation units (ASUs) and expand its existing supply of industrial gases to Tata Steel Limited in Odisha, India.
Linde already supplies industrial gases from its existing two on-site plants to Tata Steel's iron and steel making facility at the Kalinganagar Industrial Complex. It will now acquire two additional large ASUs, more than doubling its on-site capacity. Both ASUs are currently under construction and the transfer of the plants is expected to take place in 2025. Linde has also signed a long-term agreement with Tata Steel for the supply of oxygen, nitrogen and argon to support the customer's major capacity expansion project.
In addition to supplying Tata Steel, the new ASUs will meet demand for industrial gases from the local merchant market. Linde has signed agreements for the supply of renewable energy to the plant, reducing Scope 2 emissions in line with Linde's 2035 absolute GHG emissions reduction target.
"The new agreements to support Tata Steel's major capacity expansion build on our existing long-term relationship and further strengthen our position as a supplier of critical industrial gases to the steel industry," said Moloy Banerjee, President ASEAN & South Asia, Linde. "The project meets our strict investment criteria and will deliver sustainable growth for Linde, while enhancing our network density in one of India's most important and fast-growing industrial gas clusters."
About Linde
Linde is a leading global industrial gases and engineering company with 2023 sales of
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 linde.com
Contacts: |
|
Investor Relations | Media Relations |
SOURCE: Linde plc
View the original press release on accesswire.com
FAQ
When will Linde's new ASUs for Tata Steel in India become operational?
What gases will Linde (LIN) supply to Tata Steel's Kalinganagar facility?
How many ASUs will Linde operate at Tata Steel's Kalinganagar site after the agreement?