Linde's $3bn Investment in Clean Hydrogen Future
Key Ideas
- Linde announces plans to invest an additional $3bn in decarbonising its operations and triple clean hydrogen production by 2028.
- The company aims for a 35% reduction in greenhouse gas emissions by 2028 and climate-neutrality by 2050, with a focus on clean energy projects.
- Linde's Sustainable Development Report outlines milestones for 2028, 2035, and 2050, highlighting the importance of hydrogen in the energy transition.
- With a substantial project pipeline and investments in clean energy, Linde is committed to playing a key role in the global shift towards sustainable practices.
Linde, a major player in the industrial gas sector, has unveiled plans to allocate an additional $3 billion towards decarbonising its operations and significantly scaling up its clean hydrogen production by 2028. The company's 2023 Sustainable Development Report sets ambitious targets for reducing greenhouse gas emissions by 35% by 2028 and achieving climate neutrality by 2050, emphasizing clean energy initiatives, hydrogen production, carbon capture, and storage. Linde's commitment to sustainability is evident through its efforts to support customers in avoiding over 91 million tonnes of CO2 equivalent emissions, exceeding its own emission reduction achievements. By 2028, Linde anticipates implementing blue and green hydrogen projects, with a vision for hydrogen derivatives to revolutionize energy transportation globally by 2035. The company's diversified approach to hydrogen, covering grey, blue, and green varieties, positions it as a leader in the hydrogen value chain. Linde's strategic investments, including a $50 billion project pipeline, underscore its dedication to clean energy and decarbonisation. The company's growth in electrolysis plants and expansion of a liquid hydrogen facility in Alabama showcase its commitment to clean energy solutions. Linde's Vice-President Sustainability, Tamara Brown, acknowledges the progress made towards the company's sustainability goals and emphasizes the importance of continued dedication to achieving long-term objectives. With a focus on innovation, collaboration, and global leadership, Linde is poised to shape a sustainable future through its contributions to the hydrogen economy.
Topics
Production
Clean Energy
Sustainability
Investment
Green Technology
Decarbonisation
Global Leadership
Carbon Capture
Project Pipeline
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