Key Developments: Linde AG (LING.DE)

LING.DE on Xetra

17 Apr 2014
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Latest Key Developments (Source: Significant Developments)

Linde AG Awarded Contract for to Build Gas Purifying Plants in India by Reliance Industries Ltd.
Tuesday, 9 Apr 2013 07:00am EDT 

Linde AG (Linde) announced that it has been awarded a contract by Reliance Industries Ltd. (RIL) to build several plants to generate and purify gases in Jamnagar, India. Part of the Reliance Group, RIL specializes in the energy and petrochemicals industries. Under the new deal, Linde's Engineering Division will supply four air separation units (ASUs) for the production of gaseous oxygen. RIL needs massive streams of oxygen for its proposed petroleum coke and coal gasification facilities. To treat the synthesis gas generated during this gasification process, Linde will also deliver two RECTISOL(R) acid gas removal units. Linde will be supplying the license, process design, detail engineering and procurement services for this project. In addition, Linde will build two additional ASUs to supply high-purity oxygen to RIL's ethylene glycol facilities in Jamnagar. Financial terms of the agreement were not disclosed.  Full Article

KuybyshevAzot OAO Approves Industrial Gases Joint Venture with Linde AG's Unit-Interfax
Monday, 8 Apr 2013 09:12am EDT 

Interfax reported that the Board of Directors at KuybyshevAzot OAO (KuibyshevAzot) has approved forming a 50/50 industrial gas production joint venture with Germany's Linde AG, the Russian company said in a statement. The new company will be established jointly with Commercium Immobilien und Beteiligungs GmbH, which is part of Linde AG. KuibyshevAzot will own 50% of the shares, par value RUB 1 million, which may in time be increased to RUB 1.5 billion. In other words, charter capital will initially be RUB 2 million with a view to being increased to RUB 3 billion. The Russian company was supposed to own 24% of the joint venture, with a nominal value not topping EUR 15 million at the Central Bank of Russia's (CBR) exchange rate. However, at a meeting on February 4, KuibyshevAzot's Board of Directors gave tentative approval to change the stake to 50%, with a nominal value of no more than EUR 31.5 million at the Central Bank's exchange rate. Last summer, KuibyshevAzot said that it had held talks with Linde AG to create a joint venture in the Samara region to produce industrial gases, followed by long-term supplies of hydrogen and ammonia to the Russian company. The project has been estimated to cost EUR 200 million, with plans to start implementing it this year. Tentatively, construction of the facility on KuibyshevAzot's basis is slated to finish up in 2016.  Full Article

Linde AG Receives Contract to Build Natural Gas Terminal in Emden
Wednesday, 20 Mar 2013 03:30am EDT 

Linde AG announced that it has been awarded a contract to in the town of Emden in northern Germany. The deal is worth around EUR 260 million. The contract was awarded by Norwegian state-owned company Gassco AS on behalf of Gassled joint venture.  Full Article

Linde AG's Chief Executive Steps Down-Reuters
Saturday, 2 Mar 2013 11:00am EST 

Reuters reported that Linde AG's Wolfgang Reitzle will step down at the end of his contract in May 2014. The group, will likely look for a new Chief Executive from outside the Company.  Full Article

KuybyshevAzot OAO May Acquire 50% in JV with Unit of Linde AG-RFCM
Wednesday, 6 Feb 2013 07:00pm EST 

RFCM reported that the Board of Directors of KuybyshevAzot OAO has approved a new scheme for the Company's participation in a joint venture (JV) with the German Commercium Immobilien und Beteiligungs GmbH, a unit of industrial gas company Linde AG. KuybyshevAzot OAO may get a 50% interest worth up to €31.5 million in the joint venture. Partners are to build a plant to produce ammonia and hydrogen in the Samara Region on the Volga assessed at over €200 million.  Full Article

Linde AG to Acquire Calea France SAS
Monday, 17 Dec 2012 03:32am EST 

Linde AG announced that it has signed an agreement to acquire the homecare company Calea France SAS (Sevres, France). The transaction is expected to be completed at the beginning of 2013. Financial details were not disclosed.  Full Article

Linde AG Receives Contract for Liquefied Natural Gas Plant from Malaysia LNG Sdn. Bhd.
Monday, 26 Nov 2012 03:38am EST 

Linde AG announced that it has received an order for a 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. The new plant is expected to go on stream end of 2014.  Full Article

Linde AG to Built LNG Terminal Near Gothenburg for Skangass AS
Friday, 23 Nov 2012 03:38am EST 

Linde AG announced that it has been commissioned by Norwegian-based Skangass AS to build a mid-scale liquefied natural gas (LNG) import terminal at the west coast of Sweden, in Lysekil, 100 kilometers north of Gothenburg. The corresponding engineering, procurement, construction and installation (EPCI) contract is worth approximately EUR 44 million. The works include the integration of the cryogenic tank structures to be erected by a third party. The new LNG terminal is planned to start operations in spring 2014 and will supply natural gas to the nearby Preem refinery as well as LNG for industrial and transportation applications. The new terminal will have a storage capacity of 30,000 cubic meters (m³) of LNG, compared to 20,000 m³ at Nynaeshamn, and will include a truck filling station. Linde Engineering has performed the basic engineering and will support with the procurement of rotating equipment, commis­sioning and start-up. LNG for both terminals - Nynaeshamn and Lysekil - comes from the mid-scale LNG plant at Risavika near Stavanger, Norway. This plant - also built for Skangass by Linde - started operations in 2010.  Full Article

Linde AG to be Listed in Dow Jones Sustainability Indexes
Tuesday, 18 Sep 2012 04:03am EDT 

Linde AG announced that it will be added to the Dow Jones Sustainability Indexes (DJSI World) in acknowledgement of continued progress in its sustainability performance.  Full Article

Linde AG Completes Acquisition of Lincare Holdings Inc.
Tuesday, 14 Aug 2012 01:32am EDT 

Linde AG (Linde) announced that it has completed its previously announced acquisition of Lincare Holdings Inc. (Lincare). As a result of the transaction, Lincare has become a wholly owned indirect subsidiary of Linde. On August 8, 2012, Linde completed a tender offer in which it purchased approximately 88.85% of the shares of Lincare common stock then outstanding at USD 41.50 per share in cash. On August 13, 2012 Linde acquired all the remaining issued and outstanding shares of Lincare common stock by means of a short-form merger in which all such shares were converted into the right to receive the same USD 41.50 per share in cash that was paid in the tender offer. In order to accomplish the short-form merger, Linde exercised its top-up option to purchase additional shares of Lincare common stock directly from the Company.  Full Article

Fracking with CO2 to replace water a distant goal, GE says

NISKAYUNA, New York, April 7 - Carbon dioxide, used for years to force crude oil out of old wells, likely will not replace water in fracking anytime soon because of technical challenges and limited infrastructure, says General Electric Co , which is studying the issue under a $10 billion research program.

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