Chart signs LNG agreement


Chart Energy & Chemicals has signed a mid-scale LNG liquefaction technology and equipment supply agreement with Toyo Engineering Corporation.

Chart Industries, Inc. has announced that its wholly-owned subsidiary, Chart Energy & Chemicals, Inc. (Chart E&C), has signed a cooperation agreement with Toyo Engineering Corporation (TOYO) of Japan to jointly pursue certain mid-scale liquefied natural gas (LNG) opportunities.

For those opportunities that Chart E&C and TOYO agree to pursue, Chart E&C will provide the LNG liquefaction process technology, including integrated natural gas liquids (NGL) and nitrogen rejection technology as appropriate, together with equipment including brazed aluminum heat exchangers, cold boxes and air cooled heat exchangers. TOYO will provide overall Engineering, Procurement and Construction (EPC) services as well as project management.

$quot;This Agreement with Toyo Engineering Corporation broadens Chart E&C’s value proposition as a leader in mid-scale LNG technology and supplier of highly engineered cryogenic equipment, such as brazed aluminum heat exchangers, modular LNG units and other gas processing equipment to the emerging mid-scale LNG market,” commented Michael Bright, President of Chart Energy & Chemicals, Inc.

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