Chart to Provide LNG Equipment to Shandong Hanas

Chart Industries said that its Distribution & Storage (D&S) Asia business has entered into a strategic supply agreement to provide Shandong Hanas New Energy (Hanas) equipment for 50 permanent liquefied natural gas (LNG) fuel stations, including installation and commissioning of this equipment, over the next 30 months.

Chart will be the exclusive supplier of permanent LNG fuel stations to Hanas during the agreement period, and expects one-third of the total number of stations will be ordered in 2014. Nanjing Xinye, a Chart company in China, will provide the fuel station dispensers incorporating Chart’s latest 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. Chart shares Hanas’ commitment to promote energy transformation and provide diversified solutions for new energy development in China, including LNG build-out. We are pleased that Hanas has chosen Chart D&S Asia in recognition of our commitment to quality, safety, and product capabilities,” stated Tom Carey, President of Chart’s D&S Group.

Press Release, May 12, 2014; Image: Chart

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