Linde To Increase Green Hydrogen Production In Brazil
Portfolio Pulse from Charles Gross
Linde (NASDAQ:LIN) is expanding its green hydrogen production in Brazil through its subsidiary White Martins, by building a second electrolyzer plant in Jacareí, São Paulo. This new five-megawatt plant will utilize renewable energy sources, including solar and wind, to produce green hydrogen, enhancing Linde's sustainable energy offerings in the southeast region of Brazil.
April 18, 2024 | 10:03 am
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Linde's announcement of a new green hydrogen plant in Brazil, powered by renewable energy, signifies its commitment to expanding sustainable energy solutions.
The expansion into green hydrogen production in Brazil represents a strategic move for Linde, tapping into the growing demand for sustainable energy solutions. This initiative is likely to be viewed positively by investors and could enhance Linde's market position in renewable energy, potentially leading to a positive short-term impact on its stock price.
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