Chart Inks $35M LNG Contract in China

Chart Industries Inc. says that its distribution and storage (D&S) Asia business has entered into a strategic supply agreement with Shandong Hanas New Energy Co. Ltd. (Hanas) to provide equipment for 50 permanent liquefied natural gas (LNG) fuel stations in China.

The agreement, which includes installation and commissioning, will take place over the next 30 months. Chart will be the exclusive supplier and expects one-third of the total number of stations to be ordered this year.

Nanjing Xinye, a Chart company in China, will provide the fuel station dispensers incorporating Chart's proprietary flow metering technology.

‘The total value of this supply agreement could exceed $35 million, and it continues the LNG equipment success we have had in China. We recently received $7 million in orders related to this agreement,” says Tom Carey, president of Chart's D&S group.

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