DGAP-News: Linde strengthens petrochemical hub in the U.S.
(firmenpresse) - DGAP-News: Linde AG / Key word(s): Miscellaneous
Linde strengthens petrochemical hub in the U.S.
03.06.2013 / 08:30
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Linde strengthens petrochemical hub in the U.S.
- Linde to invest more than USD 200 million in La Porte, Texas
- Will create world's largest natural gas based gasification complex for
syngas chemicals
- US natural gas boom providing strong momentum for petrochemical
industry
Munich, 3 June 2013 - The technology company The Linde Group will invest
more than USD 200 million to build a large, state-of-the-art air separation
unit (ASU), a new gasification train and supporting equipment and
facilities in La Porte, Texas. The new plants are scheduled to come
on-stream in the course of 2015.
'Linde is the leading syngas supplier in this region,' said Tom Blades,
Member of the Executive Board of Linde AG and responsible for the company's
business in the Americas. 'This expansion project will allow us to support
our customers at the La Porte petrochemical hub even more effectively. This
is important in view of the shale gas which is providing huge growth
momentum in this sector.'
The ASU will be the largest operated by Linde in the U.S. and the addition
of a new gasification plant will create the world's largest natural gas
based partial oxidation complex for the production of syngas products for
petrochemicals. With the new plants, Linde will have a fully integrated
presence in the Houston area that covers air gases and synthesis gas
products production and supply to its customers.
The air gases (oxygen and nitrogen) produced by the new ASU will supply the
gasification assets at the La Porte site. The new gasifier will convert
natural gas into syngas and constituent products such as carbon monoxide,
hydrogen and carbon dioxide which are used to produce methanol, downstream
chemicals and cleaner transportation fuels. In this way Linde will supply
syngas products including pipeline delivery to a key customer. Linde also
owns and operates three additional large, partial oxidation facilities that
manufacture syngas products using Linde's world-leading syngas processing
technologies and know-how.
The Linde Group is a world-leading gases and engineering company with
around 62,000 employees in more than 100 countries worldwide. In the 2012
financial year, Linde generated revenue of EUR 15.280 bn. The strategy of
the Group is geared towards long-term profitable growth and focuses on the
expansion of its international business with forward-looking products and
services. Linde acts responsibly towards its shareholders, business
partners, employees, society and the environment - in every one of its
business areas, regions and locations across the globe. The company is
committed to technologies and products that unite the goals of customer
value and sustainable development.
For more information, see The Linde Group online at www.linde.com.
Further information:
Media Relations Investor RelationsEnd of Corporate News
Uwe Wolfinger Dr Dominik Heger
Phone: +49.89.35757-1320 Phone: +49.89.35757-1334
Dr Thomas Hagn Lisa Tilmann
Phone: +49.89.35757-1323 Phone: 49.89.35757-1328
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03.06.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Linde AG
Klosterhofstraße 1
80331 München
Germany
Phone: +49.89.35757-01
Fax: +49.89.35757-1075
E-mail: info(at)linde.com
Internet: www.linde.de
ISIN: DE0006483001
WKN: 648300
Indices: DAX
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, München, Stuttgart; Freiverkehr in
Hannover; Terminbörse EUREX; SIX
End of News DGAP News-Service
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214260 03.06.2013
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Datum: 03.06.2013 - 08:30 Uhr
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