Project developer, Bechtel has given Chart Industries full notice to proceed (FNTP) on the IPSMR® process and equipment delivery for Cheniere’s Corpus Christi Stage III LNG export terminal project.
Simultaneously with the FNTP, Chart booked an order valued at over $260 mill, which is in addition to the around $50 mill backlog already agreed, as of 31st March, 2022, for this project.
Chart said that it will begin to receive revenue this year with a multi-year staggered delivery schedule.
The company claimed that its IPSMR® process technology provided significantly better efficiency and superior performance over other comparable technologies and makes it possible to optimise liquefaction systems over a wide range of site conditions.
IPSMR® process technology can be configured to match available gas turbine power with single cold box capacity to about 4 mill tonnes per annum.
