Linde (LIN) announced that it has signed a Memorandum of Understanding (MoU) with Beijing Green Hydrogen Technology Development Co., Ltd., a subsidiary of China Power International Development Ltd., to jointly promote the application and development of green hydrogen in China.
Under the terms of the MoU both companies will collaborate on a variety of green hydrogen initiatives, including hydrogen technology research and development, and the implementation of green hydrogen mobility solutions during China's inaugural hosting of the 2022 Winter Olympics.
"Sustainability is a key priority for Linde and our mission is making our world more productive," said Sanjiv Lamba, Executive Vice President and CEO Asia Pacific, Linde. "Linde is a global leader in hydrogen technology and mobility solutions, and we look forward to collaborating with China Power to develop local green hydrogen and clean energy solutions to support China's energy transition."
"Linde is widely recognized for its sustainability agenda and is the industry leader in hydrogen technology and mobility solutions," said Mr. Tian Jun, Party Secretary, Chairman of the Board and President of China Power International Development Ltd. "We are delighted to partner with Linde to pilot the application of green hydrogen at the Winter Olympics, and work towards establishing a model for China's transition to clean energy."
Linde is a global leader in hydrogen. It has the largest liquid hydrogen capacity and distribution system in the world and has installed over 180 hydrogen refueling stations worldwide for cars, buses, trucks and trains. Linde operates 80 hydrogen electrolysis plants and the world's first high-purity hydrogen storage cavern.
