Chart Industries has announced that its Distribution & Storage (D&S) Asia business has entered into a strategic supply agreement to provide Shandong Hanas New Energy Co. Ltd. (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 US$ 35 million and it continues the LNG equipment success we have had in China. We recently received US$ 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," commented Tom Carey, President of Chart's D&S Group.
Image courtesy of Chart Industries.
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/small-scale-lng/12052014/chart_equipment_for_shandong_hanas_569/