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Praxair Signs New Long-Term Hydrogen Supply Agreement for Phillips 66 Sweeny Refinery

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Praxair,
Inc.
, a wholly-owned subsidiary of Linde plc, (NYSE:LIN, FWB:LIN))
has reached an agreement with Phillips 66 (NYSE:PSX) to supply
high-purity hydrogen to the company's Sweeny Refinery located in Old
Ocean, Texas, starting in early 2021.

Praxair will extend its 310-mile U.S. Gulf Coast hydrogen pipeline
system, which currently runs from Freeport, Texas to Lake Charles,
Louisiana, to connect with the Sweeny Refinery. The company will also
build, own and operate a new world-scale steam methane reformer (SMR)
that will connect to the pipeline system at a location still to be
determined.

The new SMR will supply Phillip's Sweeny Refinery, as well as meet the
hydrogen demands of new customers. Upon expected completion in early
2021, this will be the largest hydrogen production unit in the U.S. The
unit, which will have a state-of-the-art process design, will increase
Praxair's Gulf Coast hydrogen capacity to more than 1.5 billion cubic
feet per day.

"We are proud that world-class refiner Phillips 66 has chosen Praxair to
be their hydrogen supplier at Sweeny. We are committed to providing our
customers with supply reliability over the long-term. Praxair
understands that hydrogen is a critical requirement for our customers,
and our robust hydrogen supply system, backed by multiple supply sources
and an innovative high-purity hydrogen storage cavern, gives us a unique
capability to meet that need," said Dan Yankowski, president, Global
Hydrogen and Carbon Monoxide, Praxair.

"Praxair is an existing supplier for many of our refineries," said Bob
Herman, executive vice president, Refining at Phillips 66. "Praxair's
ability to develop a reliable and cost-effective supply solution at
Sweeny Refinery contributed to our recent decision on hydrogen supply."

With this new Phillips 66 agreement, Praxair is now uniquely positioned
to supply hydrogen to the refineries located on the upper-Texas Gulf
Coast.

About Praxair

Praxair, Inc., a wholly-owned subsidiary of Linde plc, is a leading
industrial gas company in North and South America and one of the largest worldwide.
With market capitalization of approximately $40 billion and 2017 sales
of $11 billion, the company employs over 26,000 people globally and has
been named to the Dow Jones® World Sustainability Index for 16
consecutive years. Praxair produces, sells and distributes atmospheric,
process and specialty gases,
and high-performance surface
coatings
. Our products, services
and technologies are making our planet more productive by
bringing efficiency and environmental benefits to a wide variety of industries,
including aerospace,
chemicals,
food
and beverage
, electronics,
energy,
healthcare,
manufacturing, primary metals
and many others. For more information about the company, please visit
our website at www.praxair.com.

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