Linde invests $120m in Indonesia’s largest ASU to supply PT Freeport

Linde has invested £120m in Indonesia’s largest air separation unit (ASU) in southeast Asia to supply industrial gases to Indonesian mining company PT Freeport Indonesia. Announced today (29th October), the plant installation will support the supply of oxygen and nitrogen to PT Freeport Indonesia’s new copper smelter and refining facility in Manyar, one of the largest copper processing sites globally. The plant will also supply liquefied industrial gases to both new and existing bulk customers in East Java.

Moloy Banerjee, President of ASEAN & South Asia at Linde, highlighted the key role that industrial gases play in copper smelting, noting the increased demand for copper globally. “Industrial gases help improve the efficiency of copper smelting by increasing production capacity while lowering fuel consumption and emissions. Linde’s new on-site facility uses our advanced technology to supply essential industrial gases safely and reliably to all our customers in an important industrial market.”

According to market research, the global copper market was worth around £169bn in 2022 and is predicted to grow to around £259bn by 2030 with a compound annual growth rate (CAGR) of roughly 5.5% between 2023 and 2030. Linde has made several ASU announcements in Asia this year. Most recently, in September 2024, it entered into a plant sale agreement with Tata Steel to buy two 1,800 tonnes per day ASUs from its Kalinganagar Phase 2 expansion project.

 Read more: Linde India buys two ASUs from Tata Steel[1] This followed Tata Steel’s September 2023 announcement of Linde India as the winning bidder to own, operate, and maintain the gas supply infrastructure at Tata Steel’s Kalinganagar plant. Under this agreement, Linde India will manage the supply of industrial gases to the steel plant for a period of 20 years.

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References

1. ^ Linde India buys two ASUs from Tata Steel (www.gasworld.com)
2. ^ https://bit.ly/GWMENA-S24 (bit.ly)