Linde on the lookout for “tuck-in” acquisitions
Industrial gases major Linde has said it is committed to making “tuck-in” acquisitions around the world.
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Industrial gases major Linde has said it is committed to making “tuck-in” acquisitions around the world.
The supply of helium from Gazprom’s Amur Gas Processing Plant in Russia is starting to impact market pricing for the industrial gas majors supplying Asia.
Linde’s clean energy projects are seeing a slow down in momentum as the company aims to ensure only ‘high quality’ projects are taken to final investment decision (FID).
Linde managed to shrug off a challenging and largely “stagnant” economic climate to post an adjusted operating profit of $2.3bn (up 6%) in the first quarter.
Linde revealed today that it will invest $150m into an on-site air separation unit (ASU) in Boden, northern Sweden, to supply industrial gases to the world’s first large-scale green steel production plant.
Linde has achieved a “leadership” score for its approach to both water security and climate change.
Linde has increased the production capacity at its air separation unit (ASU) in Mims, Florida, by 50% in response to growing demand for industrial gases in the region.
Air Liquide reported group sales up by 2.1% on a comparable basis in its first-quarter (Q1) financial results released today (24th April).
Industrial gas major Linde has signed two agreements with China South Steel, a member of one of the world’s largest steel enterprises, China Baowu Steel Group Corporation.
Linde company White Martins will start-up a new electrolyser to produce green hydrogen at its existing facility in Jacarei, São Paulo.
