LNG

Chart Industries, the leading US equipment-maker for LNG and industrial and new energy projects, has signed a memorandum of understanding to supply liquefaction process technology, associated equipment as well as a series of fuelling stations for another US company.

Chart said its deal was with BNG Clean Fuel Corp., a private company focused on the delivery of scalable infrastructure solutions for the production, storage, and delivery of hydrogen fuel to the power, marine, rail, oil and gas, mining and transportation industries,.

“Additionally, the companies will collaborate to develop further industry relationships with customers in the end-use industries described above to utilize BNG’s ‘hub, spoke and wheel model’ facilities for hydrogen production, virtual pipeline networks, bulk cargo shipping, and fuel dispensing stations.

Chart said that while no orders had been booked relating to this MOU or project, they are anticipated to be booked in 2023 and 2024 for both the equipment and process technology scope.

BNG is focused on its their Denver H2 pilot hub with dual-22 ton per day capacity hydrogen liquefaction facilities, a centrally located storage terminal, 10 liquid hydrogen stations, tankers and mobile fuelling equipment which will be provided by Chart.

“BNG is taking a pragmatic approach to scaling of the hydrogen economy, with a focus on the hub and spoke model starting in North America,” stated Jill Evanko, Chart’s Chief Executive and President.

“This MOU brings Chart’s extensive technology and equipment experience to the project. We look forward to supporting BNG’s endeavours to deliver another option to the hydrogen end-use market,” it added.

Eliot Barton, CEO of BNG Clean Fuel which is a privately held Delaware Corporation based in Aurora, said he was pleased with the deal.

“In partnering with Chart Industries, BNG has aligned with a recognized global leader in the manufacturing of the highest-quality equipment in the industry,” said Barton.

“This relationship will help solidify our capitalization efforts and attract additional key partners to ensure the success of our first hydrogen hub and rapidly develop other planned regional markets,” he added.

Chart Industries, the US maker of equipment for LNG and industrial gases facilities, has received a full notice to proceed (FNTP) for the production of cold boxes and brazed aluminum heat exchangers for Venture Global’s Plaquemines LNG export plant on west bank of the Mississippi River.

The Chart equipment will be for the first phase of the venture with production of 10 million tonnes per annum.

“In conjunction with the FNTP, Chart booked the full equipment order of $136 million for the Plaquemines project from Baker Hughes,” said Chart.

“Chart will begin recognizing revenue on this project in 2022 with a multi-year staggered delivery schedule,” explained Atlanta, Georgia-based Chart.

Chart is benefiting from the LNG boom on the US Gulf Coast and after supplying equipment for the Plaquemines plant, it has also been contracted as a supplier for Cheniere Energy’s Corpus Christi plant expansion and for Tellurian’s Driftwood LNG project.

The Plaquemines project is under preliminary site preparation on the river bank 30 miles south of New Orleans.

First phase production will comprise nine modular blocks with the 10 MTPA of output eventually followed by nine additional block for 20 MTPA in total.

Funding

Venture Global had already raised $500 million of funding in transactions arranged by American and Japanese banks to finance construction activities at Plaquemines.

The Arlington, Virginia-based company previously closed a term-loan involving JPMorgan Chase Bank, Morgan Stanley Senior Funding, Bank of America and Japan’s third-largest banking group, Mizuho Bank.

Venture Global is currently developing 70 MTPA in four projects in Louisiana.

The most advanced plant in terms of construction is Calcasieu Pass in Cameron Parish in Louisiana, south of Lake Charles, with 10 MTPA of capacity and which was shipped its first cargo on March 1.

The other three projects are expected to each produce around 20 MTPA of LNG.

In addition to the Plaquemines and Calcasieu Pass developments, Venture Global is planning two other plants, Delta LNG on the Mississippi and CP2 LNG, which would be built on a 540-acre site in Cameron Parish, adjacent to the Calcasieu Pass facility.

US LNG equipment-maker Chart Industries has completed its acquisition of Sustainable Energy Solutions to offer carbon-capture for projects along with its LNG storage, transportation and liquefaction products.

Chart Industries, the US maker of equipment for the liquefied natural gas and industrial gas sectors, has completed the commissioning of Europe’s largest LNG filling station to help meet rising demand by trucking companies for cleaner fuel to reduce emissions.