Linde Signs Agreement with Korea Expressway Corporation for New Hydrogen Refueling Stations in South Korea
Guildford, UK, January 29, 2020 - Linde (NYSE:LIN; FWB:LIN) announced today that it has signed a 15-year contract with the Korea Expressway Corporation (KEC) to build, own and operate four Hydrogen Refueling Stations (HRS) in Chungnam, South Korea. The HRS will be supplied with hydrogen from Linde's manufacturing facilities in the nearby Pyeongtaek area. All four HRS are expected to start operating in December 2020.
"As a global leader in hydrogen technology and mobility solutions, Linde is pleased to further expand its presence in South Korea through our latest agreement with KEC," said Sanjiv Lamba, EVP, CEO Asia Pacific at Linde. "We are delighted to see the growing momentum for hydrogen as a sustainable source of energy across Asia and continue to work with various stakeholders to support the development of a safe and efficient hydrogen ecosystem by deploying Linde's world class hydrogen solutions."
"We are proud to be selected by KEC to help develop the future of mobility in Korea, a major step forward in our mission of making our world more productive", said B.S. Sung, President of Linde Korea. "This achievement is testament to Linde's industry-leading technology and meeting the highest safety standards."
Since 2016, Linde has been building out HRS infrastructure in the South Korean market with strong local government support. The company is a member of the global Hydrogen Council and a member of the board of directors of H2 Korea, the Korean hydrogen alliance founded in 2017 to promote and establish a hydrogen ecosystem through policy planning, infrastructure and technology development.
About Linde
Linde is a leading industrial gases and engineering company with 2018 pro forma sales of USD 28 billion (EUR 24 billion). The company employs approximately 80,000 people globally and serves customers in more than 100 countries worldwide. Linde delivers innovative and sustainable solutions to its customers and creates long-term value for all stakeholders. The company is making our world more productive by providing products, technologies and services that help customers improve their economic and environmental performance in a connected world.
For more information about the company, please visit www.linde.com.