LINDE Signs Long Term Agreement to Supply Nitrogen to LOTTE CHEMICAL Indonesia

Cilegon, Indonesia, Dec 09, 2022 – LINDE (NYSE:LIN; FWB:LIN) today announced that it has signed a long-term agreement with LOTTE CHEMICAL Indonesia (LCI) to expand nitrogen supply to its new US$4 billion petrochemical project in Cilegon, Indonesia.

Under the 20-year agreement, LINDE will build, own, and operate a new pipeline across the Cilegon Industrial Park. When it comes on stream in June 2024, the pipeline will also have additional capacity to meet the needs of current and future customers located within the industrial cluster, enhancing the overall availability and reliability of nitrogen in Cilegon.

“We are pleased to expand our business relationship with LOTTE CHEMICAL in Indonesia. LINDE has been working with LOTTE CHEMICAL since 2003, and we currently supply the company with nitrogen to their petrochemical complex located in Malaysia,” said Vinayak Kembhavi, President, LINDE Indonesia, Vietnam and the Philippines. “This pipeline investment also opens new opportunities for LINDE to expand our supply to additional industrial customers and is key to support Indonesia’s economic growth.”

“LCI’s new petrochemical complex in Cilegon will reduce Indonesia’s dependency on petrochemical imports, and is a critical component of the country’s industrial infrastructure” said a LCI spokeperson. “As the world’s leading industrial gas company, with a proven track record of quality and reliability, we are confident that LINDE will continue to support of our future growth.”