Linde recently announced it has achieved another record year for small on-site contracts, signing 43 new projects during 2021, a 19% increase compared with 2020.

Linde signed new agreements totaling $170 million in 2021, with customers across 20 countries and end-markets including energy, electronics, mining and manufacturing.

The new long-term agreements meet Linde's strict investment criteria and, once operational, will produce a steady revenue stream that will contribute directly to Linde's underlying growth. As most of these new contracts will require investments under $5 million, they are separate from the company's reported project backlog.

In addition to signing 43 small on-site sale of gas agreements, Linde started up 32 small on-site projects during 2021.