Nov 29 | 2019
MoU to Develop Chinese Hydrogen Solutions
Fuel specialist Linde has signed a memorandum of understanding with Baowu Steel Group to develop industrial and mobility applications for the Chinese hydrogen market.
The agreement will see the two companies work together to improve “accessibility of hydrogen to industries” and advance “acceptance of hydrogen mobility solutions,” driving new breakbulk opportunities in the country.
"We are delighted to build on our long-term partnership with Baowu Group with this latest cooperation to accelerate the development of hydrogen infrastructure and solutions for mobility and other industrial applications. Linde with its technology leadership in hydrogen is delighted to be the strategic partner for the Baowu Group as we work together to make hydrogen accessible for users across China," said Sanjiv Lamba, CEO Asia Pacific for Linde.
Liquid Hydrogen Plants
The MoU will be implemented by Baowu Clean Energy, a wholly owned subsidiary of the steel group, and will involve feasibility analysis for a range of new liquid hydrogen plants and infrastructure.
Investment in hydrogen power has grown rapidly in recent years, driven by its clean credentials and potential to connect volatile renewable capacity with existing grid infrastructure such as natural gas grids.
"This agreement with Linde marks an important new milestone in our long and successful partnership. Linde's expertise in hydrogen technology and solutions gives us the confidence that together we can transition to a cleaner low-carbon future for China," said Guo Bin, deputy general manager, Baowu Steel Group.
ITM Power Stake
Earlier this year, Linde announced it would acquire a 20 percent stake in UK clean energy firm ITM Power, as part of a strategy to develop ‘large-scale’ commercial opportunities for its polymer electrolyte membrane, or PEM, technology.
ITM is the developer of PEM electrolyzers and has to date launched a number of commercial prototypes designed to produce and store hydrogen. Graham Cooley, CEO of ITM Power, said the partners would focus on developing their “deep expertise in engineering, procurement and construction.”
Headquartered in Munich, Germany, Linde is the world's largest industrial gas company, with more than 600 affiliated companies in more than 100 countries.
The agreement will see the two companies work together to improve “accessibility of hydrogen to industries” and advance “acceptance of hydrogen mobility solutions,” driving new breakbulk opportunities in the country.
"We are delighted to build on our long-term partnership with Baowu Group with this latest cooperation to accelerate the development of hydrogen infrastructure and solutions for mobility and other industrial applications. Linde with its technology leadership in hydrogen is delighted to be the strategic partner for the Baowu Group as we work together to make hydrogen accessible for users across China," said Sanjiv Lamba, CEO Asia Pacific for Linde.
Liquid Hydrogen Plants
The MoU will be implemented by Baowu Clean Energy, a wholly owned subsidiary of the steel group, and will involve feasibility analysis for a range of new liquid hydrogen plants and infrastructure.
Investment in hydrogen power has grown rapidly in recent years, driven by its clean credentials and potential to connect volatile renewable capacity with existing grid infrastructure such as natural gas grids.
"This agreement with Linde marks an important new milestone in our long and successful partnership. Linde's expertise in hydrogen technology and solutions gives us the confidence that together we can transition to a cleaner low-carbon future for China," said Guo Bin, deputy general manager, Baowu Steel Group.
ITM Power Stake
Earlier this year, Linde announced it would acquire a 20 percent stake in UK clean energy firm ITM Power, as part of a strategy to develop ‘large-scale’ commercial opportunities for its polymer electrolyte membrane, or PEM, technology.
ITM is the developer of PEM electrolyzers and has to date launched a number of commercial prototypes designed to produce and store hydrogen. Graham Cooley, CEO of ITM Power, said the partners would focus on developing their “deep expertise in engineering, procurement and construction.”
Headquartered in Munich, Germany, Linde is the world's largest industrial gas company, with more than 600 affiliated companies in more than 100 countries.
