Linde is maintaining a bullish outlook on its core industrial gases business, as demand for low-carbon products continues to grow, despite the fading hype surrounding energy transition technologies.
In the company’s latest earnings call, CEO Sanjiv Lamba acknowledged that while early excitement has subsided, the shift toward sustainable projects is strong already and will grow.
“We expect demand for low-carbon products to continue to grow over time. Just the hype and the euphoria have gone away, and reality has sunk in,” said Lamba. “Simply stated, I continue to be bullish on industrial gases as a critical foundation in making our world more productive.”
The company has secured a $5bn portfolio of low-carbon energy projects, including key contracts in ammonia.
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