Linde gains on agreements to supply industrial gases for rocket launches

Linde

21/07/2025 17:35

** U.S.-listed shares of industrial gases company Linde Plc LIN.DE, LIN.O rise 2.2% to $475.28

** Company announces two long-term agreements to supply bulk industrial gases for rocket launches to support U.S. commercial space sector

** LIN will be expanding its industrial gases facility in Mims, Florida; site will provide critical liquid oxygen and nitrogen to support rocket launches at nearby space facilities

** Company expects to start up additional capacity in Q1 of 2027

** LIN will build, own and operate a new air separation unit (ASU) in Brownsville, Texas, under a separate agreement

** Expects to start up in Q1 of 2026; this facility will deliver liquid oxygen, nitrogen and argon

** Adds that beyond supporting space exploration, the Brownsville ASU will enhance its extensive network of industrial gas infrastructure and expand merchant capacity across Texas

** Including sessions moves, stock up 13.5% YTD

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))