• Most Popular
  • Most Shared

Linde to invest $180 mln in S. Korea gas units

Mon Aug 4, 2008 10:28pm EDT

Stocks

   

SEOUL, Aug 5 (Reuters) - German industrial gas producer Linde (LING.DE) will invest $180 million to expand city-owned gas production facilities in South Korea, Seoul's energy ministry said on Tuesday.

Industrial gas is used in sectors such as crude refining, chemicals, steel and shipbuilding, and generates about 60 trillion won ($58.98 billion) per year worldwide.

South Korea's industrial gas market grew to 1 trillion won last year and has been expanding at a double-digit growth rate, the ministry said.

Later in the day, Seoul's vice-energy minister Lee Jae-hoon will sign a memorandum of understanding (MOU) with Aldo Belloni, a member of Linde's executive board, on the development of the facilities in Yongin, south of Seoul, the ministry said. (Reporting by Angela Moon; Editing by Jonathan Hopfner)



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets