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Linde Signs Agreement to Supply Industrial Gases to World’s First Large-Scale Green Steel Plant

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Linde has signed an agreement with H2 Green Steel to supply industrial gases to the world's first large-scale green steel production plant. They will invest $150 million in an on-site air separation unit in Sweden, which is expected to reduce carbon emissions by up to 95% compared to traditional steelmaking. Linde's new ASU will start up by 2026 and will also supply gases to Linde's other customers in the local market.

Linde ha firmato un accordo con H2 Green Steel per fornire gas industriali al primo impianto di produzione di acciaio verde su larga scala al mondo. Investiranno 150 milioni di dollari in un'unità di separazione dell'aria in loco in Svezia, che dovrebbe ridurre le emissioni di carbonio fino al 95% rispetto alla produzione di acciaio tradizionale. La nuova ASU di Linde sarà operativa entro il 2026 e fornirà anche gas ad altri clienti di Linde nel mercato locale.
Linde ha firmado un acuerdo con H2 Green Steel para suministrar gases industriales a la primera planta de producción de acero verde a gran escala del mundo. Invertirán $150 millones en una unidad de separación de aire en Suecia, lo cual se espera que reduzca las emisiones de carbono hasta en un 95% en comparación con la producción de acero tradicional. La nueva ASU de Linde comenzará a operar en 2026 y también suministrará gases a otros clientes de Linde en el mercado local.
린데는 세계 최초의 대규모 녹색 철강 생산 공장에 산업용 가스를 공급하기 위해 H2 Green Steel과 계약을 체결했습니다. 스웨덴에 현장 공기 분리 장치에 1억 5천만 달러를 투자할 예정이며, 이는 전통적인 제철 방식에 비해 최대 95%까지 탄소 배출을 줄일 것으로 예상됩니다. 린데의 새로운 ASU는 2026년에 가동을 시작할 예정이며, 현지 시장의 린데의 다른 고객들에게도 가스를 공급할 예정입니다.
Linde a signé un accord avec H2 Green Steel pour fournir des gaz industriels à la première usine mondiale de production d'acier vert à grande échelle. Ils investiront 150 millions de dollars dans une unité de séparation de l'air sur site en Suède, ce qui devrait réduire les émissions de carbone de jusqu'à 95% par rapport à la production d'acier traditionnelle. La nouvelle ASU de Linde sera mise en service d'ici 2026 et fournira également des gaz aux autres clients de Linde sur le marché local.
Linde hat eine Vereinbarung mit H2 Green Steel zur Lieferung von Industriegasen an das weltweit erste Großanlage zur Produktion von grünem Stahl unterzeichnet. Sie werden 150 Millionen Dollar in eine Vor-Ort-Luftzerlegungsanlage in Schweden investieren, die die Kohlenstoffemissionen im Vergleich zur traditionellen Stahlherstellung um bis zu 95% reduzieren soll. Lindes neue ASU wird voraussichtlich bis 2026 in Betrieb gehen und auch Gase an andere Lindes Kunden auf dem lokalen Markt liefern.
Positive
  • Linde's agreement with H2 Green Steel showcases their commitment to decarbonizing the steel industry through innovative technology and partnerships.

  • The investment of $150 million in the on-site air separation unit demonstrates Linde's dedication to supporting sustainable steel production.

  • Linde's new ASU in Boden, Sweden, is expected to significantly reduce carbon emissions, aligning with global efforts to combat climate change.

Negative
  • Linde's investment of $150 million in the new ASU may pose financial risks if the project faces delays or cost overruns.

  • The success of the green steel plant and the utilization of Linde's gases are dependent on the efficient operation and performance of the equipment, which could be subject to technical issues.

WOKING, UK / ACCESSWIRE / May 1, 2024 / Linde (NASDAQ:LIN) announced today it has signed a long-term agreement with H2 Green Steel for the supply of industrial gases to the world's first large-scale green steel production plant.

Linde will invest approximately $150 million to build, own and operate an on-site air separation unit (ASU) in Boden, northern Sweden. Linde will supply oxygen, nitrogen and argon to H2 Green Steel's integrated plant, which will use the latest technology to reduce carbon emissions by up to 95% compared to traditional steelmaking.

Linde's new ASU is expected to start up by 2026 and will also supply atmospheric gases to Linde's existing and new customers in the local merchant market.

"We are moving at full speed on the journey to accelerate the decarbonization of the steel industry through the construction of our plant in Boden. Air separation is an important part of this work, providing gases required in various stages of the steelmaking processes," said Maria Persson Gulda, Chief Technology Officer, H2 Green Steel. "We have come this far by working in strong partnerships. Linde's technology, combined with its operational experience both globally and in Sweden, made it a natural choice for us."

"Linde is committed to supporting industrial decarbonization through high-quality projects that utilize our complementary combination of assets, technology and knowledge," said Armando Botello, President Regions UK & Ireland and Europe North, Linde. "We are proud to support H2 Green Steel's pioneering project while creating additional value by increasing Linde's network density in a growing industrial region."

Separate to the supply of industrial gases, Linde Engineering has been awarded an engineering and procurement contract for a HIPURE™ pressure swing adsorption unit at H2 Green Steel's plant in Boden, to efficiently recover and purify hydrogen from the top gas of the direct reduction iron furnace. This minimizes the hydrogen losses and boosts the overall efficiency of the steel production.

About Linde

Linde is a leading global industrial gases and engineering company with 2023 sales of $33 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, decarbonize and protect our planet.

The company serves a variety of end markets such as chemicals & energy, food & beverage, electronics, healthcare, manufacturing, metals and mining. Linde's industrial gases and technologies are used in countless applications including production of clean hydrogen and carbon capture systems critical to the energy transition, life-saving medical oxygen and high-purity & specialty gases for electronics. 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

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

SOURCE: Linde plc



View the original press release on accesswire.com

FAQ

What agreement did Linde sign related to industrial gases and steel production?

Linde signed an agreement with H2 Green Steel to supply industrial gases to the world's first large-scale green steel production plant.

How much will Linde invest in the on-site air separation unit?

Linde will invest approximately $150 million to build, own, and operate an on-site air separation unit in Boden, northern Sweden.

When is Linde's new ASU expected to start up?

Linde's new ASU is expected to start up by 2026.

What does the new ASU in Boden, Sweden aim to achieve?

The new ASU in Boden, Sweden aims to reduce carbon emissions by up to 95% compared to traditional steelmaking.

What additional value does Linde aim to create through this agreement?

Linde aims to increase its network density in a growing industrial region while supporting H2 Green Steel's pioneering project in steel production.

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Linde plc is a global multinational chemical company founded in Germany and, since 2018, domiciled in Ireland and headquartered in the United Kingdom. Linde is the worlds largest industrial gas company by market share and revenue.