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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Infineon Technologies AG (QX) | USOTC:IFNNY | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.475 | -1.35% | 34.73 | 34.73 | 35.18 | 35.5572 | 34.72 | 35.55 | 156,352 | 21:27:00 |
From May 2021 to May 2024
By Ed Frankl
Linde PLC said Wednesday that it has signed a long-term agreement with chip maker Infineon Technologies AG for the production and storage of green hydrogen in Austria.
The industrial gases major said it will build, own and operate a two-megawatt electrolyzer plant at Infineon's site in Villach, Austria. The plant will produce green hydrogen, which Linde will then purify to meet the specifications of Infineon's manufacturing process.
The use of this high-purity green hydrogen is part of Infineon's plans to reduce greenhouse-gas emissions at their Villach site, Linde said.
It will be the first time green hydrogen is used in Infineon's semiconductor manufacturing process, it added.
The company also said it will also build, own and operate a compact air-separation unit at the Villach site to deliver a reliable supply of nitrogen, in addition to a bulk storage system to supply additional industrial gases to meet Infineon's requirements.
The new facilities are expected to start up in 2022, Linde said.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
August 18, 2021 06:51 ET (10:51 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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