Linde Starts Up Supply Of Industrial Gases To PT Freeport Indonesia
Portfolio Pulse from Benzinga Newsdesk
Linde has invested $120 million to build and operate a new air separation unit in Indonesia, marking its largest ASU in Southeast Asia. This unit will supply industrial gases to PT Freeport Indonesia.
October 29, 2024 | 10:24 am
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POSITIVE IMPACT
PT Freeport Indonesia, associated with Freeport-McMoRan, will benefit from Linde's new air separation unit, ensuring a steady supply of industrial gases.
The new ASU by Linde will provide PT Freeport Indonesia with a reliable supply of industrial gases, potentially improving operational efficiency and reducing supply chain risks for Freeport-McMoRan.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Linde's $120 million investment in a new air separation unit in Indonesia enhances its presence in Southeast Asia and strengthens its partnership with PT Freeport Indonesia.
The investment in a large-scale ASU in Indonesia signifies Linde's strategic expansion in Southeast Asia, likely leading to increased revenues and market presence. The partnership with PT Freeport Indonesia further solidifies its business operations in the region.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90