STOCK TITAN

Linde Starts Up Supply of Industrial Gases to PT Freeport Indonesia

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

Linde (NASDAQ:LIN) has initiated industrial gas supply to PT Freeport Indonesia, investing $120 million in a new on-site air separation unit (ASU). This facility, the largest ASU in Indonesia and Linde's largest in southeast Asia, will supply oxygen and nitrogen to PT Freeport's new copper smelter in Manyar, one of the world's largest copper processing sites. The ASU will also provide liquefied industrial gases to customers in East Java, expanding Linde's network density. The gases will help improve copper smelting efficiency by increasing production capacity while reducing fuel consumption and emissions.

Linde (NASDAQ:LIN) ha avviato la fornitura di gas industriali a PT Freeport Indonesia, investendo 120 milioni di dollari in una nuova unità di separazione dell'aria (ASU) in loco. Questa struttura, la più grande ASU in Indonesia e la più grande di Linde nel sud-est asiatico, fornirà ossigeno e azoto al nuovo impianto di fusione del rame di PT Freeport a Manyar, uno dei principali siti di lavorazione del rame al mondo. L'ASU offrirà anche gas industriali liquefatti ai clienti in Giava Orientale, espandendo la rete di Linde. I gas contribuiranno a migliorare l'efficienza della fusione del rame aumentando la capacità produttiva, riducendo nel contempo il consumo di carburante e le emissioni.

Linde (NASDAQ:LIN) ha iniciado el suministro de gases industriales a PT Freeport Indonesia, invirtiendo 120 millones de dólares en una nueva unidad de separación de aire (ASU) en el lugar. Esta instalación, la ASU más grande de Indonesia y la más grande de Linde en el sureste asiático, suministrará oxígeno y nitrógeno a la nueva fundición de cobre de PT Freeport en Manyar, uno de los sitios de procesamiento de cobre más grandes del mundo. La ASU también proporcionará gases industriales licuados a clientes en Java Oriental, ampliando la densidad de la red de Linde. Los gases ayudarán a mejorar la eficiencia en la fusión del cobre al aumentar la capacidad de producción mientras se reduce el consumo de combustible y las emisiones.

린데 (NASDAQ:LIN)은 PT 프리포트 인도네시아에 산업 가스 공급을 시작하며 현장 공기 분리 장치(ASU)에 1억 2천만 달러를 투자했습니다. 이 시설은 인도네시아에서 가장 큰 ASU이자 동남아시아에서 린데의 최대 시설로, PT 프리포트의 새로운 구리 제련소에 산소와 질소를 공급할 것입니다. 이 ASU는 또한 동자바의 고객들에게 액체 산업 가스를 제공하여 린데의 네트워크 밀도를 확장할 것입니다. 이 가스는 생산 능력을 증가시키면서 연료 소비와 배출가스를 줄여 구리 제련 효율성을 향상시키는 데 기여할 것입니다.

Linde (NASDAQ:LIN) a lancé l'approvisionnement en gaz industriels pour PT Freeport Indonesia, en investissant 120 millions de dollars dans une nouvelle unité de séparation de l'air (ASU) sur site. Cette installation, la plus grande ASU en Indonésie et la plus grande de Linde en Asie du Sud-Est, fournira de l'oxygène et de l'azote à la nouvelle fonderie de cuivre de PT Freeport à Manyar, l'un des plus grands sites de transformation du cuivre au monde. L'ASU fournira également des gaz industriels liquéfiés à des clients en Java Oriental, élargissant ainsi la densité du réseau de Linde. Les gaz contribueront à améliorer l'efficacité de la fusion du cuivre en augmentant la capacité de production tout en réduisant la consommation de combustible et les émissions.

Linde (NASDAQ:LIN) hat die Industriegaslieferung an PT Freeport Indonesia aufgenommen und 120 Millionen Dollar in eine neue Lufttrennungseinheit (ASU) vor Ort investiert. Diese Einrichtung, die größte ASU in Indonesien und die größte von Linde in Südostasien, wird Sauerstoff und Stickstoff an das neue Kupferschmelzwerk von PT Freeport in Manyar liefern, einem der größten Kupferverarbeitungsstandorte der Welt. Die ASU wird auch verflüssigte Industriegase an Kunden in Ostjava bereitstellen und damit die Netzwerkdichte von Linde erhöhen. Die Gase werden dazu beitragen, die Effizienz der Kupferschmelze zu verbessern, indem sie die Produktionskapazität erhöhen und gleichzeitig den Brennstoffverbrauch und die Emissionen reduzieren.

Positive
  • $120 million investment in new ASU facility, largest in Indonesia
  • Strategic expansion into growing copper processing market
  • Additional revenue stream from bulk customers in East Java
  • Enhanced network density in key industrial market
Negative
  • None.

Insights

The $120 million investment in Indonesia's largest ASU facility marks a significant strategic expansion for Linde in Southeast Asia's industrial gas market. The deal with PT Freeport Indonesia provides two key revenue streams: a long-term contract for the copper smelter supply and merchant gas sales in East Java's industrial market. The facility's dual-purpose capability - serving both the anchor customer and merchant market - optimizes capital efficiency and enhances regional network density.

The timing aligns well with growing global copper demand driven by renewable energy and electric vehicle trends. The plant's advanced technology focus on efficiency and emissions reduction also positions Linde favorably in the increasingly ESG-conscious industrial gas market. This investment strengthens Linde's market leadership in the region while providing stable, long-term returns through contracted revenue streams.

WOKING, UK / ACCESSWIRE / October 29, 2024 / Linde (NASDAQ:LIN) announced it has started up the supply of industrial gases to PT Freeport Indonesia, a leading mining company in Indonesia and subsidiary of Freeport-McMoRan Inc.

Linde has invested $120 million to build, own and operate a new on-site air separation unit (ASU), the largest in Indonesia and Linde's largest ASU in southeast Asia. Linde's new plant is now supplying oxygen and nitrogen to PT Freeport Indonesia's new copper smelter and refining facility in Manyar, one of the largest copper processing sites in the world. Linde's new ASU will also supply liquefied industrial gases to new and existing bulk customers in East Java, increasing the company's network density.

"As demand for copper continues to increase globally, we are proud to support PT Freeport Indonesia's expansion," said Moloy Banerjee, President, ASEAN & South Asia, Linde. "Industrial gases help improve the efficiency of copper smelting by increasing production capacity while lowering fuel consumption and emissions. Linde's new on-site facility uses our advanced technology to supply essential industrial gases safely and reliably to all our customers in an important industrial market."

About Linde

Linde is a leading global industrial gases and engineering company with 2023 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 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 the original press release on accesswire.com

FAQ

How much did Linde invest in the new Indonesia ASU facility?

Linde invested $120 million to build, own and operate the new air separation unit (ASU) in Indonesia.

What will Linde's new ASU facility in Indonesia supply?

The ASU will supply oxygen and nitrogen to PT Freeport Indonesia's copper smelter and refining facility, as well as liquefied industrial gases to bulk customers in East Java.

Where is Linde's new ASU facility located in Indonesia?

The ASU facility is located in Manyar, Indonesia, serving PT Freeport Indonesia's copper smelter and refining facility.

What are the benefits of Linde's industrial gases for copper smelting?

The industrial gases help improve copper smelting efficiency by increasing production capacity while lowering fuel consumption and emissions.

Linde plc Ordinary Share

NASDAQ:LIN

LIN Rankings

LIN Latest News

LIN Stock Data

217.81B
477.50M
0.2%
85.97%
1.11%
Specialty Chemicals
Industrial Inorganic Chemicals
Link
United States of America
WOKING SURREY