Linde (Nasdaq: LIN) announced that it has signed agreements to de-captivate two air separation units (ASUs) and expand its existing supply of industrial gases to Tata Steel Limited in Odisha, India.
Linde will acquire two new air separation units (ASUs) to expand its industrial gas supply to Tata Steel in Odisha, India, doubling its on-site capacity.
The ASUs, currently under construction, are set for transfer in 2025 and will support Tata Steel’s expansion while supplying local markets.
Linde’s agreements include renewable energy use, aiding its 2035 emissions goals.
Linde already supplies industrial gases from its existing two on-site plants to Tata Steel’s iron and steel making facility at the Kalinganagar Industrial Complex. It will now acquire two additional large ASUs, more than doubling its on-site capacity. Both ASUs are currently under construction and the transfer of the plants is expected to take place in 2025. Linde has also signed a long-term agreement with Tata Steel for the supply of oxygen, nitrogen and argon to support the customer’s major capacity expansion project.
In addition to supplying Tata Steel, the new ASUs will meet demand for industrial gases from the local merchant market. Linde has signed agreements for the supply of renewable energy to the plant, reducing Scope 2 emissions in line with Linde’s 2035 absolute GHG emissions reduction target.
“The new agreements to support Tata Steel’s major capacity expansion build on our existing long-term relationship and further strengthen our position as a supplier of critical industrial gases to the steel industry,” said Moloy Banerjee, president ASEAN & South Asia, Linde. “The project meets our strict investment criteria and will deliver sustainable growth for Linde, while enhancing our network density in one of India’s most important and fast-growing industrial gas clusters.”
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Fibre2Fashion News Desk (HU)
