Linde to Supply Green Hydrogen to Evonik in Singapore
Linde (NYSE:LIN) has entered a long-term agreement to supply green hydrogen to Evonik, a prominent specialty chemicals company, for their methionine production in Singapore. Linde will establish a nine-megawatt alkaline electrolyzer plant on Jurong Island, which will also cater to the local hydrogen market. This project, set to launch in 2024, aligns with Singapore's National Hydrogen Strategy and aims to support the nation's goal of achieving net zero emissions by 2050. The deal underlines Linde's commitment to enhancing sustainable operations, with Evonik anticipating improved efficiency and reduced carbon footprint through this collaboration.
- Long-term agreement to supply green hydrogen to Evonik, enhancing revenue stability.
- Establishment of the largest electrolyzer plant in Singapore, promoting growth potential.
- Supports Evonik's expansion plans and sustainability goals, possibly improving customer relationships.
- None.
WOKING, UK / ACCESSWIRE / April 20, 2023 / Linde (NYSE:LIN) announced today that it has signed a long-term agreement to supply green hydrogen to Evonik, a leading specialty chemicals company.
Linde will build, own and operate a nine-megawatt alkaline electrolyzer plant on Jurong Island, Singapore. The plant will produce green hydrogen, which Evonik will use to manufacture methionine, an essential component in animal feed. The new supply agreement supports the planned expansion of Evonik's existing facility and will help Evonik limit its greenhouse gas emissions in Singapore.
In addition to supplying Evonik, Linde will use the Jurong Island electrolyzer plant to supply the local merchant market with green hydrogen in response to growing demand. The new plant is expected to come on stream in 2024 and will be the largest electrolyzer ever installed in Singapore.
"We welcome the opportunity to help Evonik sustainably grow its operations on Jurong Island through the safe and reliable supply of green hydrogen," said Moloy Banerjee, President ASEAN & South Asia, Linde. "This project is an example of Linde's alignment with Singapore's National Hydrogen Strategy and our support of the country's goal to achieve net zero emissions by 2050."
"Increasing our methionine production capacity in Singapore is an important step for Evonik," said Dr. Jan-Olaf Barth, Head of Evonik's Essential Nutrition Product Line. "In addition to increasing our production capacity, we will implement innovative new processes in close cooperation with Linde to improve process efficiency and reduce our carbon footprint."
About Linde
Linde is a leading global industrial gases and engineering company with 2022 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 www.linde.com
Contacts: | |
| Investor Relations Juan Pelaez Phone: +1 203 837 2213 Email: juan.pelaez@linde.co | Media Relations Anna Davies Phone: +44 1483 244705 Email: anna.davies@linde.com |
SOURCE: Linde plc
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