Linde to Supply Gas to Major Low-Carbon Ammonia Project

Linde plc LIN has announced a long-term agreement to supply critical industrial gases to Blue Point Number One, a joint venture (JV) between CF Industries, JERA, and Mitsui & Co., for its upcoming low-carbon ammonia plant in Ascension Parish, LA. The world-scale facility, projected to produce 1.4 million metric tons of low-carbon ammonia annually, is set to be one of the largest of its kind globally.LIN to Build Major ASU for Blue Point ProjectAs part of the agreement, Linde will invest over $400 million to build, own, and operate a new world-scale air separation unit (ASU) to provide oxygen and nitrogen to the Blue Point project. The ASU is expected to begin operations in 2029 and will be the largest such unit along the Mississippi River corridor in southeast Louisiana. This investment underscores Linde’s commitment to expanding its U.S. Gulf Coast infrastructure, which already includes multiple hydrogen and syngas production facilities.LIN Expands Strategic Footprint in U.S. Gulf CoastThe new facility will become Linde’s third advanced ASU supporting an autothermal reforming (ATR) ammonia plant, leveraging experience from similar projects in Texas and Canada. The development strengthens Linde’s growing industrial gas network in a region witnessing increasing demand due to decarbonization and clean energy efforts.Stakeholders Emphasize Strategic PartnershipChristopher Bohn, COO of CF Industries, emphasized Linde’s importance in driving the Blue Point JV forward, citing its experience and expertise as key to building a reliable low-carbon ammonia supply chain. Sean Durbin, Linde’s executive vice president for North America, described the project as a milestone in the company’s clean energy investment strategy in the Gulf Coast and reaffirmed support for Blue Point’s vision of scalable low-carbon ammonia infrastructure.The Blue Point ammonia facility is poised to play a significant role in meeting the growing global demand for clean ammonia, widely seen as a solution for decarbonizing energy and industrial sectors.LIN’s Zacks Rank & Key PicksLIN currently carries a Zack Rank #3 (Hold).Investors interested in the energy sector may look at some better-ranked stocks like Subsea 7 S.A. SUBCY, Oceaneering International, Inc. OII and RPC Inc. RES. Subsea 7 presently sports a Zacks Rank #1 (Strong Buy), while Oceaneering International and RPC carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.Subsea 7 helps build underwater oil and gas fields. It is a top player in the Oil and Gas Equipment and Services market, which is expected to grow as oil and gas production moves further offshore.The Zacks Consensus Estimate for SUBCY’s 2025 EPS is pegged at $1.31. The company has a Value Score of A.Oceaneering International delivers integrated technology solutions across all stages of the offshore oilfield lifecycle. With a geographically diverse asset portfolio and a balanced revenue mix between domestic and international operations, the company effectively mitigates risk. As a leading provider of offshore equipment and technology solutions to the energy sector, OII benefits from strong relationships with top-tier customers, ensuring revenue visibility and business stability.The Zacks Consensus Estimate for OII’s 2025 EPS is pegged at $1.79. The company has a Value Score of B.RPC generates strong and stable revenues through a diverse range of oilfield services, including pressure pumping, coiled tubing and rental tools. The company is strongly committed to returning value to shareholders through consistent dividends and share buybacks. RPC’s current dividend yield is higher than that of the composite stocks in the industry. Its new Tier IV dual-fuel fleet has boosted profits, with plans to further expand high-efficiency equipment to enhance operational capabilities. The Zacks Consensus Estimate for RES’ 2025 EPS is pegged at 38 cents. The company has a Value Score of A.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Oceaneering International, Inc. (OII): Free Stock Analysis Report RPC, Inc. (RES): Free Stock Analysis Report Subsea 7 SA (SUBCY): Free Stock Analysis Report Linde PLC (LIN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks