Chart Acquires 5% Stake in Transform Materials, Signs Hydrogen MoU

Chart Industries has made yet another move in the emerging hydrogen economy, having yesterday (31st March) completed a $25m investment in Transform Materials for a 5% equity stake.

Based in Florida, Transform Materials uses a highly selective, cost-effective, net-carbon-negative process converts the methane in natural gas into high-value products suitable for direct use or downstream reactions

In addition to the investment, the companies have also inked a Memorandum of Understanding (MoU) to establish a commercial collaboration and equipment supply agreements, through which Chart with supply Transform projects.

To read the original story, visit gasworld.

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