2021 marked another record year for small on-site contracts for Linde, with the industrial gas giant having signed 43 new project deals, valued at $170m.

A 19% increase compared to 2020, the deal signings include customers across 20 countries and end-markets including energy, electronics, mining and manufacturing.

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

Sanjiv Lamba, CEO at Linde, said, “Linde employees around the world have used our extensive portfolio of products and technologies to deliver a second successive record year for small on-site project signings.

“All regions contributed to this success, ultimately growing business while helping our customers become more productive and sustainable.”

As most of the new contracts will require investments under $5m, they will be separate from the company’s reported project backlog.