Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Xetra  >  Linde AG    LIN   DE0006483001

LINDE AG (LIN)

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Linde AG : Trade News - BOC joins forces with Alstom and Drax in flagship CCS project

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/24/2012 | 06:32pm CET

Guildford, UK, 24 January 2012 - Industrial gases provider BOC is joining Alstom and Drax as a co-developer on the 426 MW oxy-fired carbon capture and storage (CCS) project currently under development at the Drax site in North Yorkshire. BOC was selected following a competitive process and brings world-leading technology in the field of air separation, as well as complementary plant engineering and integration capabilities from its parent The Linde Group that will further enhance the deliverability of the project.

The project will link into the Humber Cluster CO2 transport and off-shore storage network currently under development by National Grid. The key partners in this industry initiative represent Europe's strongest-ever industrial alliance to fast-track the commercialisation of CCS technologies.

The project is a candidate for NER 300 funding from the EU, following the submission of the project by the UK DECC Office of Carbon Capture and Storage in May 2011. The developers also intend to apply for support under the forthcoming UK DECC CCS Demonstration Programme. The completed project will demonstrate the technical and commercial viability of CCS as a competitive low-carbon technology and an important part of the post 2020 energy mix in the UK.

Stephen Burgin, Alstom's UK Country President and Peter Emery, Drax's Production Director said: "We are delighted to welcome BOC to the project development team and are confident that the combination of major industrial players now assembled has what's needed to take CCS from pilot scale to full-scale operation, in what promises to be a flagship project for the UK, Europe and beyond."

Mike Huggon, Managing Director of BOC added: "We are excited to be joining this key project at such a critical time for clean energy technologies and look forward to seeing the benefits to the environment and UK economy that CCS will bring."


Notes to Editors
NER 300: Launched by the European Commission, NER 300 is the world's largest demonstration programme for low-carbon technologies and is named after its funding source, which will be the sale proceeds of 300 million emission allowances held in the New Entrants Reserve (NER) of the EU Emissions Trading System (ETS). It aims to encourage private sector investors and EU Member States to invest in commercial low-carbon demonstration projects.

DECC: The Department of Energy and Climate Change (DECC) was created in October 2008 and brings together energy policy previously held by BERR (now the Department for Business Innovation and Skills) and Defra (Department for Environment, Food and Rural Affairs). Its mission is to create a thriving, globally competitive, low carbon energy economy.


About BOC
BOC is a member of The Linde Group. An industrial, medical and special gases provider, the company supplies compressed and bulk gases, chemicals and equipment. For more than a century the company's gases and expertise have contributed to advances in many areas of everyday life, and industries including steelmaking, refining, chemical processing, environmental protection, wastewater treatment, welding and cutting, food processing and distribution, glass production, electronics and health care.

About The Linde Group
The Linde Group is a world-leading gases and engineering company with around 50,000 employees working in more than 100 countries worldwide. In the 2010 financial year, it achieved sales of EUR 12.868 billion. The strategy of The Linde Group is geared towards long-term profitable 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.

Further information: 

Susan Tyzack
Communications and External Affairs Manager
Phone +44.1483.244224
E-Mail: susan.tyzack@boc.com
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LINDE AG
12/01 Global Industrial Gases Market - Air Liquide, Linde Group, Praxair Inc., Cryo..
12/01 PRAXAIR : resumes merger talks with Linde AG
11/30 Linde considers fresh merger overture from Praxair
11/30 Air Products and Grupa Azoty Zaklady Azotowe Kedzierzyn S.A. Sign New Contrac..
11/29 DGAP-ADHOC : Linde AG: Linde AG hat einen modifizierten Vorschlag für einen mögl..
11/29 DGAP-ADHOC : Linde AG: Linde AG has received a revised proposal concerning a pot..
11/29DJLINDE : Praxair Approaches Linde About Resuming Deal Talks -- 2nd Update
11/29DJLINDE : Praxair Approaches Linde About Resuming Deal Talks -- Update
11/29DJLINDE : Praxair Approaches Linde About Resuming Deal Talks
11/29DJPraxair Approaches Linde About Resuming Deal Talks
More news
Sector news : Industrial Gas
12/02 BRASKEM : Brazil's Braskem shares jump as deal in graft probe seen imminent
11/30 Linde considers fresh merger overture from Praxair
11/29DJLINDE : Praxair Approaches Linde About Resuming Deal Talks -- 2nd Update
11/29DJLINDE : Praxair Approaches Linde About Resuming Deal Talks -- Update
11/29DJPraxair Approaches Linde About Resuming Deal Talks
More sector news : Industrial Gas
News from SeekingAlpha
12/01 WALL STREET BREAKFAST : What Will December Bring?
12/01 REPORT : Linde chairman backs Praxair deal
11/30 Making Arbitrage Great Again
11/30 Linde +5% on new Praxair merger approach
11/29 WSJ : Praxair resumes merger talks with Linde
Advertisement
Financials (€)
Sales 2016 17 371 M
EBIT 2016 2 178 M
Net income 2016 1 202 M
Debt 2016 7 451 M
Yield 2016 2,31%
P/E ratio 2016 24,09
P/E ratio 2017 22,44
EV / Sales 2016 2,10x
EV / Sales 2017 2,00x
Capitalization 29 095 M
More Financials
Chart LINDE AG
Duration : Period :
Linde AG Technical Analysis Chart | LIN | DE0006483001 | 4-Traders
Full-screen chart
Technical analysis trends LINDE AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 29
Average target price 155 €
Spread / Average Target -1,3%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Wolfgang Heinz Büchele Chief Executive Officer
Wolfgang W. Reitzle Chairman-Supervisory Board
Andreas Opfermann Head-Technology & Innovation
Sandeep Sen Head-Group Information Services
Michael Diekmann Second Deputy Chairman-Supervisory Board
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
LINDE AG16.99%31 018
AIR LIQUIDE-4.94%39 507
LYONDELLBASELL INDUSTR..3.94%36 327
PRAXAIR, INC.16.78%34 127
SHIN-ETSU CHEMICAL CO ..31.07%32 770
AIR PRODUCTS & CHEMICA..22.16%31 422
More Results