Linde Starts Up New Air Separation Plant, Further Expanding Capacity in the U.S. Gulf Coast

GUILDFORD, UK / ACCESSWIRE / February 12, 2020 / Linde (NYSE:LIN; FWB:LIN) today announced it has started up a new air separation unit (ASU) in Freeport, Texas, as part of a long-term agreement to supply MEGlobal's new ethylene glycol (EG) plant in Oyster Creek, Texas.

The new ASU will safely and reliably supply oxygen and nitrogen to MEGlobal Oyster Creek for use in its EG manufacturing process. EG is used as a raw material in a variety of products, such as polyester fibers, polyethylene terephthalate resins for liquid and food containers, and other industrial applications. The ASU will also supply Linde's extensive industrial gas pipeline system and add new argon capacity.

In addition to the ASU, Linde started a new carbon dioxide (CO₂) plant in Freeport, Texas, that will recycle the crude CO₂ supplied from an MEGlobal process. The crude CO₂ will be purified and liquefied into commercial grades to serve customers in a variety of industries, including food and beverage, where it is used to carbonate drinks, as well as to freeze, chill, preserve and package food.

"We are excited to supply MEGlobal's new facility in Oyster Creek," said Jeff Barnhard, Vice President South Region, Linde. "The new ASU and the expansion of our Gulf Coast pipeline system further strengthen Linde's ability to reliably supply customers throughout the region and positions us for future growth in the U.S. Gulf Coast."

About Linde

Linde is a leading industrial gases and engineering company with 2018 pro forma sales of USD 28 billion (EUR 24 billion). The company employs approximately 80,000 people globally and serves customers in more than 100 countries worldwide. Linde delivers innovative and sustainable solutions to its customers and creates long-term value for all stakeholders. The company is making our world more productive by providing products, technologies and services that help customers improve their economic and environmental performance in a connected world.

For more information about the company, please visit www.linde.com

Contacts:
Investor Relations Juan Pelaez Phone: +1 203 837 2213 Email: [email protected]	Media Relations Anna Davies Phone: +44 1483 244705 Email: [email protected]

SOURCE: Linde plc

View source version on accesswire.com:
https://www.accesswire.com/576166/Linde-Starts-Up-New-Air-Separation-Plant-Further-Expanding-Capacity-in-the-US-Gulf-Coast

Return to Top

Disclaimer :: Use of this site is subject to, and your continued use constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is strictly prohibited. Insidertracking.com is operated by INK Research Corp (INK). INK provides general information. INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion; however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion expressed herein is subject to change without notice. Insider information is based on filings made either on EDGAR® or on the System for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment. Users should always consult with and obtain advice from their professional licensed financial advisor, including their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment or trading securities do so with caution. Users should perform full due diligence and investigate any security fully before making an investment or before the execution of a security trade based upon information learned through INK. Investors should obtain annual reports and other company information to complete their own due diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this website. On this site, there may be third party content, content from authors or links to third-party sites or pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI® is a registered trade-mark owned by the Alberta Securities Commission. Copyright © 2024 INK Research Corp. All rights reserved.

Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.

You are here

Linde Starts Up New Air Separation Plant, Further Expanding Capacity in the U.S. Gulf Coast