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Linde Signs MoU with China Power to Develop Green Hydrogen Energy in China

·3-min read

DGAP-News: Linde plc / Key word(s): Miscellaneous
16.07.2020 / 12:00
The issuer is solely responsible for the content of this announcement.

Linde Signs MoU with China Power to Develop Green Hydrogen Energy in China

Guildford, UK, July 16, 2020 - Linde (NYSE:LIN; FWB:LIN) announced today that it has signed a Memorandum of Understanding (MoU) with Beijing Green Hydrogen Technology Development Co., Ltd., a subsidiary of China Power International Development Ltd., to jointly promote the application and development of green hydrogen in China.

Under the terms of the MoU both companies will collaborate on a variety of green hydrogen initiatives, including hydrogen technology research and development, and the implementation of green hydrogen mobility solutions during China's inaugural hosting of the 2022 Winter Olympics.

"Sustainability is a key priority for Linde and our mission is making our world more productive," said Sanjiv Lamba, Executive Vice President and CEO Asia Pacific, Linde. "Linde is a global leader in hydrogen technology and mobility solutions, and we look forward to collaborating with China Power to develop local green hydrogen and clean energy solutions to support China's energy transition."

"Linde is widely recognized for its sustainability agenda and is the industry leader in hydrogen technology and mobility solutions," said Mr. Tian Jun, Party Secretary, Chairman of the Board and President of China Power International Development Ltd. "We are delighted to partner with Linde to pilot the application of green hydrogen at the Winter Olympics, and work towards establishing a model for China's transition to clean energy."

Linde is a global leader in hydrogen. It has the largest liquid hydrogen capacity and distribution system in the world and has installed over 180 hydrogen refueling stations worldwide for cars, buses, trucks and trains. Linde operates 80 hydrogen electrolysis plants and the world's first high-purity hydrogen storage cavern.

About Linde

Linde is a leading global industrial gases and engineering company with 2019 sales of $28 billion (€25 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 and protect our planet.

The company serves a variety of end markets including chemicals & refining, food & beverage, electronics, healthcare, manufacturing and primary metals. Linde's industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. 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.


16.07.2020 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.

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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


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

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:

1094889


 

End of News

DGAP News Service

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