Dalian, China, 7 August 2012 - Dahua Group and Linde Greater China, a member of The Linde Group, signed a Letter of Intent (LOI) in Dalian, to kick off the cooperation in gasification projects in China.
Under the LOI, Dahua and Linde will invest RMB 1.1 billion (EUR 140 million) to establish a joint venture to operate and manage the gasification facilities in Songmu Island, Dalian. By leveraging Linde's broad knowledge in operating industrial gas plants, cutting-edge technologies and solutions, the production site will achieve a higher operational efficiency and stability of gas product supply.
Mr Yu Hong, General Manager of Dahua Group said, "Our cooperation with Linde starts from the year of 1993 when Linde provided us with the first air separation unit. Over the past decades, we built up a very reliable relationship and keep growing hand in hand as strategic partners. The newly signed LOI is another exciting milestone for both of us and we look forward to having new breakthroughs in gasification field in the near future".
Prof. Dr Aldo Belloni, Member of the Executive Board of Linde AG, attended the signing ceremony. "This is the first coal gasification project for us in China. As the global leading gas and engineering company, Linde has over twenty years' experience in coal gasification industry worldwide. By leveraging the synergy with Dahua Group, we will be more supportive for China's clean energy development and emission reduction policy. We are very delighted to launch this project with our long term partner, Dahua Group in coal gasification industry. Coal gasification provides significant economic and environmental benefits which can help meet the growing demand for clean energy nowadays."
Dahua Group is wholly owned by Dalian State Assets Administration Committee, with 33 subsidiaries in China. Set up in 1933, it is the earliest, biggest basic chemical material, fertilizer production basin in China.
About The Linde Group
The Linde Group is a world-leading gases and engineering company with around 51,000 employees in more than 100 countries worldwide. In the 2011 financial year, it generated revenue of EUR 13.787 bn. 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. The Group is committed to technologies and products that unite the goals of customer value and sustainable development.
In the Greater China region, Linde has close to 4,000 employees working in around 60 subsidiaries and joint-ventures, and over 200 operational plants in major industrial hubs across the region. Linde Greater China is headquartered in Shanghai.
For more information, visit Linde at http://www.linde.com.cn
Linde Greater China
Marketing Communications Manager