LNG equipment-maker Chart Industries wins multiple orders including for Morocco’s first regasification unit
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.
