Linde (LIN) to Invest $400M in Louisiana ASU for Low-Carbon Ammonia Project

Linde plc (NASDAQ:LIN) ranks among the best low volatility stocks to buy according to analysts. Linde plc (NASDAQ:LIN) announced on June 23 that it had agreed to a long-term contract to supply industrial gases to Blue Point Number One’s low-carbon ammonia facility in Ascension Parish, Louisiana.

With an anticipated start date of 2029, the industrial gas company will allocate over $400 million to construct, own, and run an air separation unit (ASU) that will provide oxygen and nitrogen to the Blue Point project.

Linde’s current syngas and hydrogen infrastructure in the area will be complemented by the new ASU, which will be the largest in the Mississippi River corridor in southeast Louisiana. This is Linde’s third ASU to supply a large autothermal reforming plant, with the other two in Canada and Texas.

Linde plc (NASDAQ:LIN) is a global engineering and industrial gases company that generates and delivers process gases, including carbon dioxide and hydrogen, as well as related equipment and technologies.

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