Linde plc Ordinary Share - LIN STOCK NEWS

Linde has launched a new hydrogen production facility in Texas, enhancing its U.S. Gulf Coast capacity to approximately 1.5 billion cubic feet per day. The facility supplies high-purity hydrogen to the Phillips 66 Sweeny Refinery under a long-term agreement and connects to a 600-kilometer hydrogen pipeline. This expansion reflects Linde's commitment to supporting growing hydrogen demands while maintaining reliable supply systems. Despite macroeconomic challenges, the project was completed on budget, underscoring Linde's leadership in the clean hydrogen transition.

Linde (NYSE:LIN) will announce its third quarter 2021 financial results on October 28, 2021, at 06:00 EDT. A conference call will be held at 10:00 EDT, accessible to the public in a listen-only format. Investors can call in using specific toll-free numbers based on their location. The earnings release and related materials will be available on the company’s investor relations page. Linde, with 2020 sales of $27 billion, provides high-quality industrial gases across various sectors including healthcare and manufacturing.

Linde has been included in the FTSE4Good Index for the sixth consecutive year, recognized for its strong sustainability practices. This index, managed by FTSE Russell, evaluates over 7,200 companies against stringent environmental, social, and governance (ESG) criteria aligned with the UN Sustainable Development Goals. Linde's commitment to sustainability is highlighted by its initiatives to enhance customer environmental performance and internal ESG efforts. In 2020, Linde reported sales of $27 billion, serving various sectors including healthcare and manufacturing.

Linde (NYSE: LIN) announced plans to expand its air separation plant in Mims, Florida, increasing production capacity by nearly 50% to meet growing demand for industrial gases across various sectors like aerospace and healthcare. This expansion, expected to be completed in 2023, follows a previous project that doubled capacity in 2020. The company aims to enhance supply for contracts related to space launch propellant and other industries, highlighting its commitment to safe and reliable service.

Linde has entered a long-term agreement with a major semiconductor manufacturer to supply industrial gases for a new $600 million manufacturing facility in Phoenix, Arizona. Linde will construct and operate on-site plants to deliver ultra-high-purity nitrogen, oxygen, and argon, tailored to the semiconductor industry’s stringent requirements. The initial phase of operations is scheduled to commence in the second half of 2022. This partnership is expected to significantly bolster the manufacturing capacity of the customer in the U.S., aligning with Linde’s mission to enhance productivity across various sectors.

Linde (NYSE: LIN) has released its 2020 Sustainable Development Report, which outlines its commitment to environmental, social, and governance (ESG) principles. The report reveals a 16% reduction in greenhouse gas emissions intensity since 2018, with a goal of 35% reduction by 2028. Linde also highlights its community engagement, with over 300 projects aiding education and health during the pandemic. The report emphasizes the company's core values and its ongoing efforts towards sustainability and productivity.

Linde (NYSE: LIN) has secured a long-term agreement with Infineon Technologies for on-site production and storage of high-purity green hydrogen at Infineon's Villach site in Austria. This initiative will mark the first use of green hydrogen in Infineon's semiconductor manufacturing process, aiming to reduce greenhouse gas emissions.

The project includes a two-megawatt electrolyzer plant and a compact air separation unit, expected to commence operations in 2022. Linde, a leader in clean hydrogen solutions, continues its commitment to sustainable manufacturing in the industrial gases sector.

Linde plc (LIN) reported second-quarter 2021 results with significant growth. Sales reached $7.6 billion, a 19% increase year-over-year. Operating profit was $1.1 billion, with adjusted operating profit at $1.8 billion, up 39%. The operating margin expanded by 350 basis points to 24.2%. Earnings per share (EPS) rose 84% to $1.60, while adjusted EPS was $2.70, up 42%. The full-year adjusted EPS guidance was raised to $10.10 - $10.30, indicating a strong outlook for growth.

Linde has inaugurated its new on-site facility in Qinzhou, China, supplying oxygen and industrial gases to Shanghai Huayi's chemical complex. The facility includes three air separation units with a capacity of 7,500 tons of oxygen and 5,000 tons of nitrogen per day. This $200 million investment enhances efficiency and reduces energy consumption and carbon emissions. Will Li, Linde's Head of Greater China, emphasizes the milestone in their partnership with Shanghai Huayi, anticipating further collaboration in expanding their network in China.