DGAP-News: Linde Starts Up Plants to Supply Celanese and Other Customers in the U.S. Gulf Coast
DGAP-News: Linde plc
/ Key word(s): Miscellaneous
Linde Starts Up Plants to Supply Celanese and Other Customers in the U.S. Gulf Coast Guildford, UK, July 7, 2020 - Linde (NYSE: LIN; FWB: LIN) today announced it has started up a state-of-the-art hydrogen and carbon monoxide facility in Clear Lake, Texas (TX), as well as a new air separation unit in LaPorte, TX. The plants will supply oxygen, nitrogen and carbon monoxide to Celanese, under a previously announced long-term agreement, and hydrogen to other customers via Linde's U.S. Gulf Coast pipeline system. The new air separation unit is also connected to Linde's nitrogen and oxygen pipeline network which enables safe and reliable supply to Celanese as well as other customers in the area. "We are proud to be a key supplier to Celanese and further strengthen our relationship through various long-term projects with this world-class company," said Jeff Barnhard, Vice President South Region, Linde. "The new plants, along with our pipeline network, are uniquely positioned to safely and reliably supply Celanese and other valued customers in the U.S. Gulf Coast. These projects will also support our merchant liquid business customers in the region." 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 chemicals & refining, food & beverage, electronics, 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.
07.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Linde plc |
The Priestley Centre, 10 Priestley Road | |
GU2 7XY Guildford | |
United Kingdom | |
Phone: | +1-203-837-2210 |
E-mail: | [email protected] |
Internet: | www.linde.com |
ISIN: | IE00BZ12WP82 |
WKN: | A2DSYC |
Indices: | DAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Moscow, NYSE, Luxembourg Stock Exchange (Euro MTF) |
EQS News ID: | 1087551 |
End of News | DGAP News Service |
|
1087551 07.07.2020
Linde plc Stock
With 12 Buy predictions and not the single Sell prediction the community is currently very high on Linde plc.
As a result the target price of 438 € shows a positive potential of 33.33% compared to the current price of 328.5 € for Linde plc.