~12,000new employees in our Healthcare business
2,000 employees in China and India trained on safety and environmental protection
+10% annual growth rates in the global market for liquefied natural gas
No. 1healthcare provider in the global gases industry
EUR 4.5 bnGrowth Markets revenue
-80%emissions using hydrogen from regenerative sources
70%of senior managers in China, India and Southeast Asia are from the region
~50%of capex invested in Growth Markets
Linde develops solutions that unite customer value with the goals of sustainable development. Looking at the growth markets of the future, Linde has identified energy and the environment, emerging economies and the healthcare business as the drivers offering the biggest potential. Our business strategy aligns with these three megatrends – all of them having a high relevance for sustainable development.
Energy and the environment: advancing the use of eco-friendly fuels
Linde is driving the advancement of alternative energy carriers on several fronts. We partner with various companies, for instance, to develop processes that convert regenerative raw materials into fuel. Feedstocks include landfill gases and specially cultivated algae, which produce green crude. We also focus on the production of green hydrogen using energy from renewable sources. At the same time, we are seeing a rise in demand for liquefied natural gas (LNG). With the lowest emissions of all fossil fuels, LNG is growing in popularity as an environmentally friendly alternative for various industrial applications. It is also being used to generate electricity. Compared to crude oil or coal, it releases up to 30 percent less carbon dioxide when burnt. A change in environmental regulations in the shipping industry means that another new market for LNG is emerging – and Linde is spearheading its development.
By switching from fuel oil to natural gas, shipping companies can significantly reduce emissions of CO2, sulphur and nitrogen oxides. In anticipation of rising demand in this area, Linde formed a joint venture with Hamburg-based marine fuel specialist Bomin in August 2012. The joint venture plans to construct small LNG terminals in ports such as Hamburg and Bremerhaven, for instance. These terminals will provide the infrastructure necessary for shipping companies to switch to a more environmentally sound source of power.
Healthcare: living an independent life
Worldwide, the homecare market is growing due to shifting demographics. The term respiratory homecare refers to medical gases, services and therapies delivered beyond a clinical setting to patients suffering from conditions such as chronic respiratory pulmonary disorder. Linde offers respiratory therapies such as oxygen therapy and sleep therapy. Following its acquisition of Air Products Continental European Homecare business and the leading US homecare company Lincare, Linde is now the leading healthcare provider in the gases industry. In 2012, Linde generated more than EUR 2 billion with its Healthcare business.
Luisa Branco lives in Portugal and has a chronic lung disease. Previously, the 59 year-old had to be treated in hospital. Today, however, she can live a largely independent life – thanks to Linde’s mobile oxygen services. Linde homecare expert João Mendez, regularly visits Luisa at home to make sure her oxygen equipment is running smoothly.
Emerging economies: growing together
Diversity and efficiency: Linde builds on the expertise of local specialists, who know the regional market and understand individual customer needs. This local competence is backed by international teams working on technical solutions for global use. Projects such as this include a cross-country engagement in Germany and China aimed at finding a new, more efficient way to build air separation plants. The market potential is certainly promising: global investment in air separation facilities totals around three billion euros each year, with Asia accounting for 75 percent of that sum.
Linde engineers in Germany and China working on standardised modules to build air separation plants: Since 2012, a team in Pullach, Germany, has been concentrating on the modules made from components procured from European suppliers. Simultaneously the Hangzhou team in China is focused on module engineering using components mainly purchased on the Chinese market.