Linde Invests Over $2B For Clean Hydrogen, Inks Supply Deal With Dow: Details
Portfolio Pulse from Lekha Gupta
Linde plc (NASDAQ:LIN) is investing over $2 billion in a clean hydrogen facility in Alberta, Canada, and has signed a long-term supply agreement with Dow Inc. (NYSE:DOW). The facility will be the largest in Canada and one of the largest globally, supporting Dow's net-zero emissions project. Linde's shares rose 0.60% following the announcement.
August 27, 2024 | 3:32 pm
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POSITIVE IMPACT
Dow Inc. has entered a long-term agreement with Linde for clean hydrogen supply to support its net-zero emissions project. This aligns with Dow's strategy to decarbonize and drive growth.
Dow's agreement with Linde for clean hydrogen supply is a strategic step towards decarbonization, which is central to its long-term growth strategy. This partnership is likely to have a positive impact on Dow's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Investors can gain exposure to Linde's clean hydrogen project through the iShares U.S. Basic Materials ETF, which includes LIN.
The iShares U.S. Basic Materials ETF includes Linde, providing investors with exposure to its clean hydrogen project. This could positively impact the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Linde is investing over $2 billion in a clean hydrogen facility in Alberta, Canada, and has signed a supply agreement with Dow. This project aligns with Linde's strategy to support a cleaner economy and is expected to be a significant contributor to its growth.
Linde's significant investment and partnership with Dow for a clean hydrogen facility is a strategic move towards sustainable growth. The project is expected to enhance Linde's market position in clean energy, positively impacting its stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
The Materials Select Sector SPDR ETF includes Linde, offering investors exposure to its clean hydrogen initiative.
The Materials Select Sector SPDR ETF includes Linde, providing investors with exposure to its clean hydrogen project. This could positively impact the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50