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Researched by Industrial Info Resources (Sugar Land, Texas)--Linde plc (NYSE:LIN) (Guildford, England) is expanding its footprint across the U.S., in response to growing demand for industrial gases from end markets as wide-ranging as aerospace, healthcare, food processing and semiconductor manufacturing. The latter is among the high-tech destinations for Linde's products, which are proving more profitable amid rising inflation. Industrial Info is tracking nearly $1.2 billion worth of active projects from Linde worldwide, including more than $270 million worth of industrial gases projects across the U.S.
Click on the image at right for a graph detailing Linde's active U.S. projects, by project type.
Demand for industrial gases is especially high in the U.S. Southeast, where hospitals are running out of oxygen amid skyrocketing hospitalizations related to COVID-19. Suppliers in the region are reallocating their product from industrial customers to medical facilities, according to Gasworld. Some hospitals in Florida have had to draw from their reserve tanks of medical oxygen just to keep up with demand.
Linde announced this week it plans to expand production capacity at its Cape Kennedy Air Separation Plant in Mims, Florida, which produces oxygen, nitrogen and argon. The proposed additions would increase oxygen capacity nearly 50%--from 410 to 610 tons per day--upon its completion, currently estimated in third-quarter 2023. The announcement follows last year's addition of an air separation unit at the same facility, which doubled production from about 200 tons per day. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can learn more from Industrial Info's detailed project report.
In addition to the healthcare industry, the Mims plant caters to Florida's aerospace market: "We look forward to further increasing our supply of industrial gases in response to the growing demand for space launch propellant and from the broader economy throughout the region," said Todd Lawson, Linde's vice president for the Eastern U.S., in a recent press release.
Linde also signed a long-term agreement earlier this month that will boost its role in a rapidly developing corner of the tech industry: semiconductor manufacturing. Taiwan Semiconductor Manufacturing Company Limited (TSMC) (NYSE:TSM) (Hsinchu, Taiwan), one of the largest companies in its field worldwide, is constructing a $12 billion semiconductor chip fabrication plant in Phoenix, Arizona, for which Linde will supply ultra-high-purity nitrogen, oxygen and argon via a specialty gases plant to be built nearby. Subscribers can learn more about Linde's plans from Industrial Info's project report.
For more information about TSMC's chip fabrication plant, subscribers can read Industrial Info's project report and July 14, 2021, article - Amazon, Taiwan Semiconductor Lead $93 Billion of Industrial Project Construction Starts in 2021.
Linde also expects to see significant growth in hydrogen production in the long term. The company is considering a series of heat exchanger upgrades and/or replacements at its Toledo Hydrogen Plant in Oregon, Ohio, which produces 120,000 standard cubic feet per day of hydrogen. Subscribers can click here for more details.
At the end of July, Linde reported second-quarter 2021 net income of $841 million, compared with $458 million in second-quarter 2020. Sales were reported to be $7.6 billion, a 19% increase from the same period last year.
Rising inflation is among the factors boosting prices for Linde's products. Sanjiv Lamba, the chief operating officer for Linde, noted in a recent quarterly earnings-related conference call that inflation tends to be positive for industrial gas demand: "Typically, when we see an inflationary environment, we do see some industrial activity pick up and recoveries happen. In constraints that lead to that inflationary environment, that's where we play actively."
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
Click on the image at right for a graph detailing Linde's active U.S. projects, by project type.Demand for industrial gases is especially high in the U.S. Southeast, where hospitals are running out of oxygen amid skyrocketing hospitalizations related to COVID-19. Suppliers in the region are reallocating their product from industrial customers to medical facilities, according to Gasworld. Some hospitals in Florida have had to draw from their reserve tanks of medical oxygen just to keep up with demand.
Linde announced this week it plans to expand production capacity at its Cape Kennedy Air Separation Plant in Mims, Florida, which produces oxygen, nitrogen and argon. The proposed additions would increase oxygen capacity nearly 50%--from 410 to 610 tons per day--upon its completion, currently estimated in third-quarter 2023. The announcement follows last year's addition of an air separation unit at the same facility, which doubled production from about 200 tons per day. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can learn more from Industrial Info's detailed project report.
In addition to the healthcare industry, the Mims plant caters to Florida's aerospace market: "We look forward to further increasing our supply of industrial gases in response to the growing demand for space launch propellant and from the broader economy throughout the region," said Todd Lawson, Linde's vice president for the Eastern U.S., in a recent press release.
Linde also signed a long-term agreement earlier this month that will boost its role in a rapidly developing corner of the tech industry: semiconductor manufacturing. Taiwan Semiconductor Manufacturing Company Limited (TSMC) (NYSE:TSM) (Hsinchu, Taiwan), one of the largest companies in its field worldwide, is constructing a $12 billion semiconductor chip fabrication plant in Phoenix, Arizona, for which Linde will supply ultra-high-purity nitrogen, oxygen and argon via a specialty gases plant to be built nearby. Subscribers can learn more about Linde's plans from Industrial Info's project report.
For more information about TSMC's chip fabrication plant, subscribers can read Industrial Info's project report and July 14, 2021, article - Amazon, Taiwan Semiconductor Lead $93 Billion of Industrial Project Construction Starts in 2021.
Linde also expects to see significant growth in hydrogen production in the long term. The company is considering a series of heat exchanger upgrades and/or replacements at its Toledo Hydrogen Plant in Oregon, Ohio, which produces 120,000 standard cubic feet per day of hydrogen. Subscribers can click here for more details.
At the end of July, Linde reported second-quarter 2021 net income of $841 million, compared with $458 million in second-quarter 2020. Sales were reported to be $7.6 billion, a 19% increase from the same period last year.
Rising inflation is among the factors boosting prices for Linde's products. Sanjiv Lamba, the chief operating officer for Linde, noted in a recent quarterly earnings-related conference call that inflation tends to be positive for industrial gas demand: "Typically, when we see an inflationary environment, we do see some industrial activity pick up and recoveries happen. In constraints that lead to that inflationary environment, that's where we play actively."
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
