LNG

Chart Industries Inc., the US equipment-maker for the liquefied natural gas and other clean energy and industrial gas markets, said it and recently received a series of LNG orders from the US and overseas.

The orders include one for Chart’s Integrated Pre-Cooled Single Mixed Refrigerant (IPSMR)® liquefaction technology for two modular Trains of a multi-Train international project not previously mentioned in the order list of the Atlanta-based company.

A second order was awarded for IPSMR liquefaction technology for a mid-scale plant in the Asia-Pacific region and a third was for a North American small-scale LNG venture including nitrogen-cycle technology and associated equipment.

Fuel stations

“There were various other LNG infrastructure-related orders, including tanks, fuelling stations in Europe and for Morocco’s first LNG regasification units,” Chart explained.

The company was additionally awarded repair and service work at a Middle East LNG project.

“As anticipated, we continue to see strong market and award activity across the four pillars of our LNG strategy, including ‘Big LNG’, small-scale and floating LNG, infrastructure and service & repair,” stated Jill Evanko, Chart’s Chief Executive and President.

“Not only do our recent orders cover all four LNG categories, but they include commercial synergy wins with both Chart and Howden content,” said the Chart CEO in reference to its UK acquisition completed in 2022.

“Further, our LNG commercial pipeline remains strong as we see a clear shift in customers’ preference for our modular solution which drives multiple awards across many years as projects are developed,” Evanko added.

Chart recently posted solid third-quarter results including record operating income and backlog of orders.

The company’s earnings performance was also helped by its acquisition of UK engineering group Howden for cash and shares at a purchase price of $4.4 billion a year ago.

After buying Howden there were complementary additions to the offering including highly engineered fans, compressors, rotary heat exchangers, steam turbines and other air and gas-handling products.

Chart’s LNG processing technology is a market leader and adds to its highly engineered equipment for small to industrial-scale LNG and other plants such as air-cooled heat exchangers, brazed aluminum heat exchangers and ethylene storage tanks.

Chart Industries Inc., a leading global engineering design and manufacturer of highly engineered equipment with LNG and industrial gas applications, is furthering its partnership with Canadian cleantech company Kathairos.

Chart Industries, the US LNG equipment-maker and industrial gases and clean energy company, reported soaring sales and earnings as well as record orders and a vibrant LNG market as it prepared to close the $4.4 billion take-over of UK engineering company Howden.

Chart Industries, the US manufacturer of LNG liquefaction, storage and other cryogenic equipment serving the energy and industrial gas markets, posted a record backlog and expects more US Gulf Coast projects to go ahead even as the current economic challenges affected Chart's earnings.

Chart Industries, the US manufacturer of LNG liquefaction, storage and other cryogenic equipment serving the energy and industrial gas markets, has signed an accord with Canada-headquartered Ionada to pursue carbon-capture and sequestration (CCS) projects for the maritime and power sectors.

Ionada is a developer of exhaust-gas cleaning systems that reduce emissions in shipping and power plants. The accord with Chart will bring together Ionada’s technology and Chart’s expertise in carbon-dioxide storage and handling systems.

Atlanta, Georgia-based Chart is also a market leader in supplying US Gulf Coast large-scale LNG export projects, including Venture Global’s Plaquemines plant on the banks of the Mississippi River, Cheniere Energy’s Corpus Christi expansion in Texas and Tellurian’s Driftwood venture in Louisiana.

The company is also developing New York-based New Fortress Energy’s FastLNG production plans, while demand for Chart’s LNG vehicle tanks, fuelling stations and trailers has increased worldwide.

In moving into the CCS sector Chart and Ionada envisage making use of the US company’s onboard storage capabilities via its CO2 ISO containers or in engineered built-for-purpose type-C tanks and with the CO2 then offloaded at ports.

“Once offloaded, the CO2 can either be permanently stored in geological formations or put to beneficial use in CO2-consuming industries, such as the agricultural, industrial, energy or food and beverage sectors,” the companies explained.

“We are thrilled to partner with Ionada to help improve the carbon footprint of the shipping industry,” said Chart Chief Executive Jill Evanko.

“The solutions being developed with Ionada will greatly benefit the maritime sector and help ship owners reach greenhouse-gas emission targets set forth by the International Maritime Organization,” added Evanko.

“This is also a great example of how our equipment is agnostic to the process itself - it can work with various process solutions to offer the most flexibility to our end customers,” stated the Chart CEO.

The IMO aims to reduce carbon intensity in international shipping by 40 percent by 2030, and to cut the total annual GHG emissions from international shipping by at least 50 percent by 2050 compared to 2008.

With cryogenic storage tank manufacturing sites all around the world, including the US, China, the Czech Republic, Italy and India, Chart said it was well positioned to supply CO2 storage and handling solutions to shipowners globally.

Chart Industries, the US LNG and industrial gases equipment-maker, said it had competed an investment in a US company called Transform Materials.

Transform Materials is a sustainable chemical technology company that uses microwave plasma to convert natural gas into acetylene and hydrogen.

“Its highly selective, cost-effective, net-carbon-negative process converts the methane in natural gas into high-value products suitable for direct use or downstream reactions,” said Chart.

Chart has purchased 5 percent of Riviera Beach, Florida-based Transform Materials’ equity for $25 million.

“We transform methane into acetylene and hydrogen, critical precursors for the synthesis of high-value chemical end products, without using traditional techniques that form carbon dioxide,” explained David Soane, Chairman of Transform Materials.

“That means we can meet important future needs of the petrochemical industry without creating harmful greenhouse gases,” added Soane.

In conjunction with the strategic investment, Chart and Transform also signed a binding commercial memorandum of understanding.

The MOU establishes the commercial collaboration and equipment supply arrangements for Chart to supply Transform projects.

Transform Materials’ process has already been adopted via a global licensing agreement with DSM Nutritional Products Ltd.

“This investment in and commercial agreement with Transform Materials is yet another step toward expanding our customers’ options in our high-growth clean-energy markets, in particular hydrogen,” stated Jill Evanko, Chart’s Chief Executive and President.

“Perhaps most impactful about Transform’s patented process technology is that there is no oxygen involved in the reaction, so therefore no carbon-dioxide is generated, the very definition of clean,” added Evanko.

Chart Industries, the US LNG equipment-maker and industrial gases company, has acquired another US company, Cryogenic Gas Technologies Inc., in its latest products expansion move.

Chart said it paid $55 million in cash for Cryo Technologies, which will retain its operational base in Allentown, Pennsylvania.

The acquisition was described by Chart as a global leader in custom engineered process systems to separate, purify, refrigerate, liquefy and distribute high value industrial gases such as hydrogen, helium, argon and hydrocarbons with design capabilities for cold boxes for hydrogen and helium use.

The distribution systems Cryo Technologies supplies are located within the helium and hydrogen liquefaction facilities and are inclusive of trailer loading systems, which facilitates the first step in product distribution.

Chart confirmed that company founder and President Rick Hessinger, along with the entire Cryo Technologies team, will stay with Chart and continue to be located in their offices in Allentown.

“We could not be more excited to welcome Rick and the Cryo Technologies team into the Chart family,” stated Jill Evanko, Chart’s Chief Executive and President.

“Their world class, differentiated cryogenic engineering expertise, global project experience in hydrogen and helium liquefaction coupled with our process technologies, brazed aluminum heat exchanger and cold box manufacturing capabilities creates the only multi-molecule full-solution liquefaction and equipment offering in the world,” Evanko explained.

“Couple the above complementary nature of the business with the fact that our companies have worked together for 20 years, and immediate and significant synergies exist,” stated the Chart CEO.

Both Chart, based in Atlanta, Georgia, and Cryo Technologies have very active commercial order pipelines with multiple requests for hydrogen liquefaction and processing.

In recent years, Chart acquired Harsco Corp.’s Air-X-Changers business, boosting its offering of air-cooled heat exchangers and industrial fans.

Other Chart takeovers have included German company VCT Vogel, a servicer of cryogenic and mobile gas tank equipment and trucks and a European leader in truck-mounted drive and control systems, and the small US and Italian companies,, Hudson Products and VRV SpA.

“The combination of Chart and Cryo Technologies offers the market a unique one-stop shop for customers who want to liquefy and market the hydrogen molecule, regardless of plant capacity, but need an experienced and reliable equipment and process supplier for liquefaction and storage,” stated Chart.

Additionally, Cryo Technologies has expertise in helium liquefaction and this will open up that sector for Chart as large helium liquefaction projects also requiring storage, ISO containers and transport.

Chart, which is expected to publish its earnings on February 18, said the acquired company is expected to contribute approximately $30M of revenue in Chart’s 2021 outlook.

Chart Industries, the US LNG and industrial gases equipment provider, has completed its takeover of Harsco Corp.’s Air-X-Changers business, boosting its offering of air-cooled heat exchangers and industrial fans.

Chart Industries, the US manufacturer of engineered equipment for the industrial gas and energy industries, said it booked another order for a liquefier, compressor and tank equipment for a utility-scale project in the US Northeast.

Chart Industries, the manufacturer of engineered equipment for the industrial gas and energy industries, announced the release of the updated version of its liquefied natural gas processing technology.