Linde posts $2.3bn profit in first quarter
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 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 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.
SIAD Americas, a wholly owned subsidiary of SIAD Macchine Impianti (SIAD MI), will construct four air separation units (ASUs) for three US-based customers.
Hanwha Ocean, Hanwha Aerospace and Amogy have teamed up to tackle maritime decarbonisation.
Storing energy mechanically on an industrial scale in pure high-pressure nitrogen and reusing it efficiently when needed is the declared goal of start up Hypnetic.
Amogy is currently working on the first maritime application of ammonia power.
Industrial gases specialist Messer has built a new nitrogen plant on the grounds of electronics giant Harman to produce nitrogen on-site for the manufacturing of electronic products.
Sanjiv Lamba, CEO of Linde plc, takes gasworld inside the high-performance culture at the company and explains why ‘limitless’ doesn’t just embody the team’s mantra, but the vast opportunities ahead in industrial gases and decarbonisation.
Zephyr Energy is weighing up funding proposals for its Salt Wash Helium project as market interest in helium-related companies intensifies in the Utah Paradox Basin.