Latest news with #industrialgases
Globe and Mail
2 days ago
- Business
- Globe and Mail
Linde Announces Major U.S. Investments to Support Commercial Space Sector
Linde (Nasdaq: LIN) today announced ambitious new investments to fuel the next frontier of space exploration. With two new long-term agreements to supply bulk industrial gases for rocket launches, Linde is strengthening its leadership in the rapidly expanding U.S. space industry. As part of these agreements, Linde will significantly expand its industrial gases facility in Mims, Florida. This site will provide critical liquid oxygen and nitrogen to support rocket launches at nearby space facilities. The additional capacity is expected to start up in the first quarter of 2027, marking the latest phase in Linde's growth at Mims, following expansions in 2020 and 2024 driven by robust demand for industrial gases in the region. Further amplifying its leading role in the U.S. space sector, Linde will build, own and operate a new air separation unit (ASU) in Brownsville, Texas, under a separate agreement. Expected to start up in the first quarter of 2026, this new facility will deliver liquid oxygen, nitrogen and argon, addressing the needs of its customer's space operations in the region. Beyond supporting space exploration, the Brownsville ASU will enhance Linde's extensive network of industrial gas infrastructure and expand merchant capacity across Texas. From providing liquid oxygen to the Apollo program in the 1960s to its indispensable role in modern satellite propulsion systems using rare gases, spacecraft component testing and even 3D printing of engine components, Linde has been at the heart of space exploration for more than 60 years. In 2024 alone, Linde powered over 100 successful rocket launches, ensuring the reliability of critical systems and components every step of the way. "Space exploration is advancing rapidly, with missions growing in ambition and scale," said Sanjiv Lamba, Chief Executive Officer, Linde. "Linde is proud to support this growing sector with innovative and efficient technologies and solutions. As demand increases, we will continue investing alongside our customers and expanding our strong presence both in the southern United States and globally." About Linde Linde is a leading global industrial gases and engineering company with 2024 sales of $33 billion. We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain, decarbonize and protect our planet. The company serves a variety of end markets such as chemicals & energy, food & beverage, electronics, healthcare, manufacturing, metals and mining. Linde's industrial gases and technologies are used in countless applications including production of clean hydrogen and carbon capture systems critical to the energy transition, life-saving medical oxygen and high-purity & specialty gases for electronics. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.
Associated Press
2 days ago
- Business
- Associated Press
Linde Announces Major U.S. Investments to Support Commercial Space Sector
WOKING, England--(BUSINESS WIRE)--Jul 21, 2025-- Linde (Nasdaq: LIN) today announced ambitious new investments to fuel the next frontier of space exploration. With two new long-term agreements to supply bulk industrial gases for rocket launches, Linde is strengthening its leadership in the rapidly expanding U.S. space industry. As part of these agreements, Linde will significantly expand its industrial gases facility in Mims, Florida. This site will provide critical liquid oxygen and nitrogen to support rocket launches at nearby space facilities. The additional capacity is expected to start up in the first quarter of 2027, marking the latest phase in Linde's growth at Mims, following expansions in 2020 and 2024 driven by robust demand for industrial gases in the region. Further amplifying its leading role in the U.S. space sector, Linde will build, own and operate a new air separation unit (ASU) in Brownsville, Texas, under a separate agreement. Expected to start up in the first quarter of 2026, this new facility will deliver liquid oxygen, nitrogen and argon, addressing the needs of its customer's space operations in the region. Beyond supporting space exploration, the Brownsville ASU will enhance Linde's extensive network of industrial gas infrastructure and expand merchant capacity across Texas. From providing liquid oxygen to the Apollo program in the 1960s to its indispensable role in modern satellite propulsion systems using rare gases, spacecraft component testing and even 3D printing of engine components, Linde has been at the heart of space exploration for more than 60 years. In 2024 alone, Linde powered over 100 successful rocket launches, ensuring the reliability of critical systems and components every step of the way. 'Space exploration is advancing rapidly, with missions growing in ambition and scale,' said Sanjiv Lamba, Chief Executive Officer, Linde. 'Linde is proud to support this growing sector with innovative and efficient technologies and solutions. As demand increases, we will continue investing alongside our customers and expanding our strong presence both in the southern United States and globally.' About Linde Linde is a leading global industrial gases and engineering company with 2024 sales of $33 billion. We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain, decarbonize and protect our planet. The company serves a variety of end markets such as chemicals & energy, food & beverage, electronics, healthcare, manufacturing, metals and mining. Linde's industrial gases and technologies are used in countless applications including production of clean hydrogen and carbon capture systems critical to the energy transition, life-saving medical oxygen and high-purity & specialty gases for electronics. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions. For more information about the company and its products and services, please visit View source version on CONTACT: Investor Relations Juan Pelaez Phone: +1 203 837 2213 Email:[email protected] Relations Anna Davies Phone: +44 1483 244705 Email:[email protected] KEYWORD: EUROPE UNITED STATES UNITED KINGDOM NORTH AMERICA INDUSTRY KEYWORD: OIL/GAS ENERGY ENGINEERING CHEMICALS/PLASTICS AIR AEROSPACE TRANSPORT MANUFACTURING SOURCE: Linde Copyright Business Wire 2025. PUB: 07/21/2025 06:00 AM/DISC: 07/21/2025 06:01 AM
Yahoo
15-07-2025
- Business
- Yahoo
Steady Income from the Industrial Sector: Why Air Products Stands Out
Air Products and Chemicals, Inc. (NYSE:APD) is included among the 13 Best Industrial Dividend Stocks to Buy Right Now. A line of workers in a refinery wearing protective suits and masks, overseeing the production process of specialty gases. Air Products and Chemicals, Inc. (NYSE:APD) is a worldwide leader in providing industrial gases and equipment for liquefied natural gas (LNG) processing. It's also one of the top global suppliers of merchant hydrogen and plays a key role in hydrogen fuel infrastructure. The company operates over 100 hydrogen plants with the ability to produce 7 million kilograms of hydrogen fuel daily. In the first quarter of 2025, Air Products and Chemicals, Inc. (NYSE:APD) reported a strong cash position with an operating cash flow of $811.7 million, up $626.6 million from the same period last year. At the end of December 2024, the company had almost $2 billion available in cash and cash items. APD has always remained committed to its shareholder return as the company expects to pay approximately $1.6 billion to investors through dividends in FY25. Air Products and Chemicals, Inc. (NYSE:APD) is among the best dividend stocks in the industrial sector as the company has raised its payouts for 43 years in a row. The company currently pays a quarterly dividend of $1.79 per share and has a dividend yield of 2.45%, as of July 13. While we acknowledge the potential of APD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Zawya
09-07-2025
- Business
- Zawya
Saudi SABIC explores IPO option for gas subsidiary
Saudi Basic Industries Corporation (SABIC), which is currently evaluating strategic options for its industrial gas subsidiary, said that an initial public offering (IPO) and listing on the main market of the Saudi Exchange (Tadawul) is among the options under consideration. SABIC holds a 74% stake in National Industrial Gases Company (GAS), while the Saudi-listed National Gas and Industrialization Company owns a 9% share. SABIC, 70% owned by Saudi Aramco, said that the study remains ongoing, with each option evaluated on financial, technical, regulatory, and economic parameters. The petrochemicals giant said the move was in line with its strategy of portfolio optimization and focusing on core business focus. An IPO of GAS would aim to improve SABIC's financial position and add value for shareholders. GAS is primarily engaged in the production and supply of industrial gases. (Writing by Brinda Darasha; editing by Seban Scaria)
Bloomberg
09-07-2025
- Business
- Bloomberg
Saudi Chemical Maker Sabic Evaluating IPO of Industrial Gas Unit
Saudi chemical maker Sabic is evaluating a share sale for its industrial gases unit as the company focuses on its core business and undergoes a restructuring. Saudi Basic Industries Corp., as the company is officially named, began a study to evaluate 'strategic options' concerning National Industrial Gases Co., according to a statement on Wednesday. The review will consider an initial public offering on Saudi Arabia's main market, Sabic said.
