Linde awarded major contract for LNG plant by PETRONAS in Malaysia
Linde AG / Linde awarded major contract for LNG plant by PETRONAS in Malaysia . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.
Munich, 26 November 2012 - The technology company The Linde Group has received an order for a mid-scale liquefied natural gas (LNG) plant from Malaysia LNG Sdn. Bhd., a production subsidiary of Malaysia's national oil and gas company PETRONAS. The new boil-off gas re-liquefaction facility has a maximum design capacity of 1,840 tons of LNG per day and will be located in the Bintulu LNG complex in Sarawak, East Malaysia.
Professor Dr Aldo Belloni, member of the Executive Board of Linde AG, said: "This is the latest in a series of mid-scale LNG projects for Linde with particularly demanding technical features. We came off as winners in a highly competitive bidding process, reaffirming our design and engineering expertise and cost competitiveness in the growing natural gas liquefaction market."
Linde's Engineering Division will perform detail engineering, procurement, construction and commissioning of the plant. Linde's proprietary LNG process and core cryogenic heat exchanger has been customized to re-liquefy boil-off gases from LNG storage and ship-loading and to accommodate large variations in nitrogen content, flow rate and temperature. Linde's customized process will also enable Malaysia LNG to minimize flaring. The new plant is expected to go on stream end of 2014.
The Linde Group is a world-leading gases and engineering company with around 62,000 employees in more than 100 countries worldwide. In the 2011 financial year, Linde generated revenue of EUR 13.787 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 Group is committed to technologies and products that unite the goals of customer value and sustainable development.
Under the "Clean Technology by Linde" label, the company offers a wide range of products and technologies that help to render renewable energy sources financially viable, and significantly slow down the depletion of fossil resources or reduce the level of CO2 emitted. This ranges from specialty gases for solar module manufacturing, industrial-scale CO2 separation and application technologies to alternative fuels and energy carriers such as liquefied natural gas (LNG) and hydrogen.
For more information, see The Linde Group online at http://www.linde.com/cleantechnology.
| Investor Relations|
Dr Dominik Heger
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Source: Linde AG via Thomson Reuters ONE
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