Milesteone Technical Gases / Industrial Gases
China: R&D Linde Partners with Baowu Clean Energy to Improve China's Hydrogen Market
Linde has signed a MOU with Baowu Clean Energy under which both the firms will aim to increase the accessibility of hydrogen to industries and improve the acceptance levels of hydrogen mobility solutions across China.
Guildford/UK – Linde has recently announced that it has signed a memorandum of understanding (MoU) with Baowu Steel Group's new subsidiary, Baowu Clean Energy. Under this deal, both the firms will jointly cooperate on research and development to further develop China's hydrogen market for industrial and mobility applications. The two companies will work together to increase the accessibility of hydrogen to industries and advance the acceptance of hydrogen mobility solutions in China. Under the agreement, Linde and Baowu Clean Energy will also explore the option to invest in liquid hydrogen plants and infrastructure.
"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, EVP & CEO Asia Pacific for Linde.
"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.
Linde is a member of the global Hydrogen Council and the China Hydrogen Alliance which promotes hydrogen to help meet climate goals. The strategic agreement with Baowu follows Linde's recent joint venture with ITM Power and underscores the company's continued focus on delivering sustainable solutions in support of the global transition to cleaner energy.