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EQS-News: Linde plc / Key word(s): Miscellaneous
Linde Signs Agreement to Supply Industrial Gases to World's First Large-Scale Green Steel Plant
2024-05-01 / 12:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
Linde Signs Agreement to Supply Industrial Gases to World's First Large-Scale Green Steel Plant
Woking, UK, 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 USD150 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 HIPURET 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 USD33 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           Media Relations 
Juan Pelaez                  Anna Davies 
Phone: +1 203 837 2213       Phone: +44 1483 244705 

Email: juan.pelaez@linde.com Email: anna.davies@linde.com

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2024-05-01 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

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Language:     English 
Company:      Linde plc 

Forge, 43 Church Street West
GU21 6HT Woking, Surrey
United Kingdom

Phone:        +1-203-837-2210 
E-mail:       Investor_Relations@Linde.com 
Internet:     www.linde.com 
ISIN:         IE000S9YS762 
Listed:       Nasdaq 
EQS News ID:  1892995 

End of News EQS News Service
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1892995 2024-05-01 CET/CEST

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END) Dow Jones Newswires

May 01, 2024 06:00 ET (10:00 GMT)