DGAP-News: Linde Leverages Technology to Sign Long-Term Agreement with Largest Refiner in India

Linde Leverages Technology to Sign Long-Term Agreement with Largest Refiner in India

Guildford, UK, April 23, 2020 - Linde (NYSE: LIN; FWB: LIN) today announced that it has leveraged its extensive technology portfolio to sign a new contract with Indian Oil Corporation Limited (IOCL), the largest refiner in India.

Praxair India Private Limited, a wholly owned subsidiary of Linde, will build, own and operate an air separation unit (ASU) to supply oxygen and nitrogen to its incumbent customer, IOCL, for its refinery at Paradip, Orissa. The project will help support the expansion of the existing refinery into an integrated petrochemical complex. Following planned completion of the ASU in October 2021, the plant will have a combined total gas capacity of 660 tons per day. Praxair India currently supplies hydrogen and nitrogen to the IOCL refinery at Paradip.

The ability to leverage the combined technology and applications of the Linde AG and Praxair businesses was key to creating a comprehensive proposal.

"We are excited to further support our customer, IOCL, as it invests in its future expansion," said Moloy Banerjee, Head of South Asia, Linde. "This is another milestone project for Linde in India, reflecting our commitment to continue investing in the country. We are proud to have developed a world class solution for IOCL, leveraging Linde's global technology and operational capabilities. Our strong track record in safely and reliably delivering industrial gases gives us an edge over our competition. We are pleased to be selected by IOCL and look forward to working together towards our mutual success in the years ahead."

About Linde
Linde is a leading global industrial gases and engineering company with 2019 sales of $28 billion (€25 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 and protect our planet.

The company serves a variety of end markets including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing and primary metals. Linde's industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. 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.