Linde (LIN) Commits $400 Million for Largest Air Separation Unit in Mississippi

Linde plc (NASDAQ:LIN) is one of the 12 stocks that will make you rich in 10 years. The company announced on June 23 that it has set aside $400 million to construct the largest air separation unit (ASU) in the Mississippi River corridor. The facility will be located on the West Bank of Ascension Parish, Louisiana, at the 17,000-acre RiverPlex MegaPark in Donaldsonville.

Linde (LIN) Commits $400 Million for Largest Air Separation Unit in Mississippi

A line of workers in a refinery wearing protective suits and masks, overseeing the production process of specialty gases.

The ASU will supply high-purity oxygen and nitrogen to Blue Point Number One. This $4 billion low-carbon ammonia production facility is a joint venture between CF Industries, JERA, and Mitsui & Co. The project aims to produce 1.4 million metric tons of low-carbon ammonia annually.

Linde stated that construction of the ASU is scheduled to begin in 2026, with operations expected to start in 2029. The project is anticipated to create 15 new direct jobs with average annual salaries more than 45% above the Ascension Parish average wage. It will also retain over 100 existing Linde positions across Louisiana and generate an estimated 50 indirect jobs, totaling 65 potential new jobs in the Capital Region.

Linde plc (NASDAQ:LIN) is a global industrial gases and engineering company. It produces and supplies atmospheric gases like oxygen and nitrogen, process gases such as hydrogen and carbon dioxide, and related equipment and technologies. Its products are used in industries including chemicals, healthcare, electronics, food and beverage, metals, and energy.

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