Global industrial gases and engineering company, Linde has announced that it has signed a series of contracts with suppliers of chemical innovative products, Wanhua Chemical Group. This is to expand the companies’ cooperation across multiple key sites in China.
In Fujian province, Linde will acquire three air separation units (ASUs) from Wanhua, including two ASUs that are currently under construction and expected to start up in 2024 and 2025, respectively.
Linde will enter into long-term agreements with Wanhua for the supply of industrial gases to their chemical production sites through the acquired ASUs.
Linde has also extended its long-term industrial gas supply agreements with Wanhua at Ningbo and Yantai, including investment in decarbonisation to reduce carbon dioxide equivalent emissions by approximately 500,000 (453,000) tons per year.
John Panikar, executive vice president APAC, Linde says: ‘We are proud to strengthen our long-standing global partnership with Wanhua. These high-quality investments not only meet our strict investment criteria but also support our sustainability goals while securing future growth. Strategically, they enhance our network density in key industrial areas in China.’
‘As a global chemical company, Wanhua Chemical is committed to continuously optimising industrial structure and actively setting a benchmark for low-carbon and green development in the chemical industry…With an increasing global focus on sustainability, our new cooperation enables us to have more confidence in the future,’ says said Liao Zengtai, chairman of Wanhua Chemical Group.
