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DGAP-News: Linde Starts Up New Air Separation Plant, Further Expanding Capacity in the U.S. Gulf Coast




DGAP-News: Linde plc
/ Key word(s): Miscellaneous
Linde Starts Up New Air Separation Plant, Further Expanding Capacity in the U.S. Gulf Coast

12.02.2020 / 14:00
The issuer is solely responsible for the content of this announcement.

Linde Starts Up New Air Separation Plant, Further Expanding Capacity in the U.S. Gulf Coast

Guildford, UK, February 12, 2020 - Linde (NYSE: LIN; FWB: LIN) today announced it has started up a new air separation unit (ASU) in Freeport, Texas, as part of a long-term agreement to supply MEGlobal's new ethylene glycol (EG) plant in Oyster Creek, Texas.

The new ASU will safely and reliably supply oxygen and nitrogen to MEGlobal Oyster Creek for use in its EG manufacturing process. EG is used as a raw material in a variety of products, such as polyester fibers, polyethylene terephthalate resins for liquid and food containers, and other industrial applications. The ASU will also supply Linde's extensive industrial gas pipeline system and add new argon capacity.

In addition to the ASU, Linde started a new carbon dioxide (CO2) plant in Freeport, Texas, that will recycle the crude CO2 supplied from an MEGlobal process. The crude CO2 will be purified and liquefied into commercial grades to serve customers in a variety of industries, including food and beverage, where it is used to carbonate drinks, as well as to freeze, chill, preserve and package food.

"We are excited to supply MEGlobal's new facility in Oyster Creek," said Jeff Barnhard, Vice President South Region, Linde. "The new ASU and the expansion of our Gulf Coast pipeline system further strengthen Linde's ability to reliably supply customers throughout the region and positions us for future growth in the U.S. Gulf Coast."

About Linde
Linde is a leading industrial gases and engineering company with 2018 pro forma sales of USD 28 billion (EUR 24 billion). The company employs approximately 80,000 people globally and serves customers in more than 100 countries worldwide. Linde delivers innovative and sustainable solutions to its customers and creates long-term value for all stakeholders. The company is making our world more productive by providing products, technologies and services that help customers improve their economic and environmental performance in a connected world.

For more information about the company, please visit www.linde.com





Contacts:  
Investor Relations
Juan Pelaez
Phone: +1 203 837 2213
Email: juan.pelaez@linde.com
Media Relations
Anna Davies
Phone: +44 1483 244705
Email: anna.davies@linde.com



12.02.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
























Language: English
Company: Linde plc

The Priestley Centre, 10 Priestley Road

GU2 7XY Guildford

United Kingdom
Phone: +1-203-837-2210
E-mail: Investor_Relations@Linde.com
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: 973629





 
End of News DGAP News Service


973629  12.02.2020