Linde plc reports operating and capital-allocation news for a global industrial gases and engineering business. Updates center on quarterly results, underlying sales, operating profit, adjusted earnings, operating cash flow, project start-ups, productivity actions, dividends and stock repurchases.
The company serves chemicals and energy, food and beverage, electronics, healthcare, manufacturing, metals and mining markets. Linde news also covers applications for medical oxygen, ultra-high-purity and specialty gases for semiconductors, clean hydrogen, carbon capture, space launch technologies and gas processing solutions, along with compliance and governance recognition.
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Linde plc (NYSE:LIN) has declared a quarterly dividend of $1.275 per share, payable on June 16, 2023 to shareholders of record by June 2, 2023. In 2022, Linde generated sales of $33 billion, establishing itself as a leader in the industrial gases and engineering sector.
The company's mission is to enhance productivity by offering high-quality solutions and technologies that support sustainability, decarbonization, and customer success across various industries including chemicals, healthcare, and manufacturing. Linde's contributions are pivotal in sectors such as clean hydrogen production and carbon capture, emphasizing its role in the energy transition.
Linde (NYSE:LIN) has entered a long-term agreement to supply green hydrogen to Evonik, a prominent specialty chemicals company, for their methionine production in Singapore. Linde will establish a nine-megawatt alkaline electrolyzer plant on Jurong Island, which will also cater to the local hydrogen market. This project, set to launch in 2024, aligns with Singapore's National Hydrogen Strategy and aims to support the nation's goal of achieving net zero emissions by 2050. The deal underlines Linde's commitment to enhancing sustainable operations, with Evonik anticipating improved efficiency and reduced carbon footprint through this collaboration.
Linde (NYSE:LIN) announced an expansion of its on-site facility in Tangjeong, South Korea, to enhance the supply of high-purity industrial gases to Samsung Display. This initiative aligns with Samsung's multi-billion-dollar investment to shift its production from LCD to OLED technology, driven by increasing global demand. Linde will construct a new SPECTRA plant capable of producing over 2,000 tons per day of high-purity nitrogen, essential for Samsung's manufacturing processes. With an estimated investment of $100 million, the facility is expected to commence operations by late 2024. This expansion not only solidifies Linde's longstanding partnership with Samsung but also boosts the company's capacity to meet the rising demand for industrial gases in South Korea's electronics sector.
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Linde (NYSE:LIN) is set to release its first quarter 2023 financial results on April 27, 2023, at 06:00 EDT/midday CEST. A conference call will follow at 09:00 EDT/15:00 CEST, which will be available in listen-only mode for the public.
Key details include:
- Sales in 2022: $33 billion
- End markets served: chemicals & energy, healthcare, and more
Linde emphasizes its commitment to sustainability and decarbonization through its high-quality solutions.
Access the earnings release and presentation materials on April 27 at Linde's investor page.
Linde (NYSE:LIN) has partnered with Heidelberg Materials to establish a large-scale carbon capture and liquefaction facility at the Lengfurt plant in Germany. This initiative aims to capture, liquefy, and purify approximately 70,000 tons of carbon dioxide (CO₂) annually, significantly targeting emissions from cement production, which contributes to around 7% of global carbon emissions. The liquid CO₂ produced will primarily serve as feedstock for the chemicals and food & beverage sectors.
The project is described as one of the first large-scale implementations for the cement industry, addressing environmental performance priorities for heavy industrial clients and ensuring a stable CO₂ supply for the merchant market.
Linde (NYSE: LIN) has entered a long-term agreement with ExxonMobil (NYSE: XOM) to transport and permanently store up to 2.2 million metric tons of carbon dioxide annually from its new clean hydrogen production facility in Beaumont, Texas. This facility will supply hydrogen to OCI Global's new ammonia plant and other partners, focusing on supporting decarbonization efforts in various industries. Set to commence operations in 2025, Linde's project aims to enhance the transition to a low-carbon economy, with implications for both companies' sustainability goals.
Linde (NYSE:LIN) has commenced supplying liquid hydrogen to the world's first operational hydrogen-powered ferry, the MF Hydra, in Norway, marking a significant milestone in clean energy initiatives. The ferry, operated by Norled, has successfully completed sea trials and is now in commercial operation. Linde not only provides the hydrogen but also developed the necessary infrastructure, including the fuel containment system and bunkering facility. This endeavor underscores Linde's commitment to facilitating the shift towards decarbonization in mobility and its leadership in the hydrogen industry.
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