Chart Industries has today (14th Dec) completed the acquisition of Earthly Labs, a small-scale carbon capture systems provider based in Austin, Texas.
Since its inception, Earthly Labs has utilised Chart’s cryogenic carbon dioxide (CO2) storage tanks, vaporisers and regulators as a standard offering to customers, but the new announcement will further strengthen the reach of its technology.
As gasworld report in its recent CO2 Food and Beverage issue, Earthly Labs footprint CiCi® technology can capture, recycle, reuse, track and sell CO2. Key end-users for such technology include breweries and cannabis farms.
Jill Evanko, President and CEO of Chart Industries, said, “Earthly Labs’ small-scale carbon capture solution is a natural fit for our portfolio given the complementary end markets, sustainable portfolio and customers that need CO2 in the production and packaging of beer, wine, cannabis and food.”
“Not only is it a natural fit, since our original investment earlier this year, Earthly Labs’ products have been ordered for numerous new geographies and end markets, resulting in a record year for the business.”
“With the natural synergies and pull-through to our global customers, we see significant growth potential by having this offering in our expanded cryogenic carbon capture solution set.”
The acquisition not only expands Chart’s sustainability solution offering in carbon capture but also advances its environmental, social and governance goals with the addition of another female leader, the founder and CEO of Earthly Labs, Amy George, who will continue in her role within Chart.
“I started Earthly Labs to address the climate challenge by capturing and avoiding one billion metric tonnes of CO2, as fast as we can - for my children and millions like them. Joining Chart makes this dream achievable,” said George.
“It is also an honour to be led by a visionary woman CEO in Jill Evanko - who has built Chart into a powerhouse for renewable technologies that help big businesses and small businesses transition to a more sustainable future.”