on Linde Plc (NASDAQ:LIN)
Linde Initiates Industrial Gas Supply to PT Freeport Indonesia
Linde plc has commenced the supply of industrial gases to PT Freeport Indonesia, a key mining operator, marking a significant development for both companies. The initiative follows Linde's investment of $120 million in constructing an on-site air separation unit (ASU) in Indonesia. This facility, the largest in the country and Linde’s most extensive in Southeast Asia, aims to strengthen the company's foothold in the region.
The new plant will deliver oxygen and nitrogen to PT Freeport's copper smelter in Manyar, a prominent site in global copper processing. Additionally, Linde’s ASU will cater to the liquefied industrial gas needs of customers throughout East Java.
Linde's advanced technology provides essential gases safely, increasing production efficiency and reducing emissions in copper smelting. This venture aligns with the growing global demand for copper and supports Freeport Indonesia's expansion goals.
R. H.
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