Linde AG
frankfurt : LIN

August 17, 2011 08:06 ET

Linde carbon capture project to receive major R&D grant by U.S. Department of Energy

MUNICH, GERMANY--(Marketwire - Aug 17, 2011) -


Linde AG /

Linde carbon capture project to receive major R&D grant by U.S. Department of Energy

Processed and transmitted by Thomson Reuters ONE.

The issuer is solely responsible for the content of this announcement.

Munich, 17 August 2011 - The U.S. Department of Energy has selected technology group The Linde Group to receive USD 15 million for the advancement of carbon dioxide (CO(2)) capture technologies. Linde's pilot plant, to be built in Wilsonville, AL, is targeted to be operational by early 2014. The facility will test novel CO(2) scrubbing solutions to reduce the energy consumption and costs of advanced carbon capture and separation systems for coal-fired power plants.

"Advanced CO(2) capture for power plants is a critical element in achieving global greenhouse gas emission reduction targets," said Dr Andreas Opfermann, head of Linde's Clean Energy and Innovation Management unit. "As a leader in this field, we are extremely proud that the DoE recognises our R&D efforts in this area, as especially in North America we see a growing need for efficient 'clean coal' solutions. The DoE award will therefore help strengthen Linde's position in this future-oriented sector in the US."

The pilot plant will be designed to capture at least 90 percent of the CO(2) generated at an increase in the cost of electricity of no more than 35 percent. This would represent a significant improvement over existing technologies that can add as much as 80 percent to the cost of electricity.

The new plant will build on the extensive experience Linde gained in a comparable project in Niederaussem, Germany. Here, since 2009, the company successfully tests new CO(2) scrubbing solvents in collaboration with electricity supplier RWE and chemicals company BASF. Post-combustion capture technologies like this one offer great near-term potential for reducing CO(2) emissions because it can be added to existing power plants.

The Linde Group is a world-leading gases and engineering company with around 49,100 employees working in more than 100 countries worldwide. In the 2010 financial year, it achieved sales of 12.868 billion euro. The strategy of The Linde Group is geared towards sustainable earnings-based growth and focuses on the expansion of its international business with forward-looking products and services. Linde acts responsibly towards its shareholders, business partners, employees, society and the environment - in every one of its business areas, regions and locations across the globe. Linde is committed to technologies and products that unite the goals of customer value and sustainable development.

--- End of Message ---

Linde AG
Klosterhofstrasse 1 Munich Germany

WKN: 648300;ISIN: DE0006483001;Index:Prime All Share,HDAX,DAX,CDAX;
Listed: Freiverkehr in Niedersächsische Börse zu Hannover,
Prime Standard in Frankfurter Wertpapierbörse,
Regulierter Markt in Frankfurter Wertpapierbörse,
Regulierter Markt in Börse Stuttgart,
Regulierter Markt in Bayerische Börse München,
Regulierter Markt in Börse Berlin,
Regulierter Markt in Hanseatische Wertpapierbörse zu Hamburg,
Regulierter Markt in Börse Düsseldorf;

Press Release as PDF: http://hugin.info/125064/R/1539013/470188.pdf

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Linde AG via Thomson Reuters ONE

[HUG#1539013]

Contact Information

  • For more information, see The Linde Group online at http://www.linde.com

    Further information:

    Media
    Uwe Wolfinger
    Telephone: +49.89.35757-1320

    Stefan Metz
    Telephone: +49.89.35757-1322

    Investor Relations
    Dr Dominik Heger
    Telephone: +49.89.35757-1334

    Thomas Eisenlohr
    Telephone: +49.89.35757-1330