Linde announced that for the fifth successive year, it secured a record number of new small on-site projects for the supply of nitrogen and oxygen. During 2024, the company signed 59 new long-term agreements for which it will build, own and operate 64 plants at customer sites.
Linde signed agreements with customers across a broad range of end markets, with demand driven by secular growth in electronics, including battery production for electric vehicles, plus glass and metal manufacturers seeking ways to reduce their emissions and improve efficiency.
These projects will leverage Linde’s proprietary ECOVAR® technology, which is engineered for exceptional efficiency, adaptability and reliability. They meet Linde's strict investment criteria and, due to their short execution timelines, will rapidly contribute to the company’s growth. Additionally, they will continue to enhance Linde’s network density.
“Linde’s unwavering commitment to innovation is reflected in our leading-edge technology portfolio, which is best positioned to meet the evolving needs of our customers,” said Sanjiv Lamba, Chief Executive Officer, Linde. “Our small on-site plants fully leverage this and provide cost-effective solutions that help our customers enhance efficiency while reducing emissions.”