Chart Industries Makes $25M Hydrogen Technology Investment

The company broadened its H2 portfolio with a 5 percent equity stake in Transform Materials.

Chart Industries has been making a number of different forms of hydrogen technology investment of late. Most recently, it closed March by completing a $25 million purchase of a 5 percent equity stake in Transform Materials.

Transform is a Florida-based company that uses net-carbon-negative gas conversion processes.

Transform Materials’ process is highly selective and cost effective, converting the methane within natural gas into high-value direct use or downstream reaction products through the use of net-carbon-negative processes. Chart Industries’ hydrogen technology investment into the Florida company is seen as reflection of Chart’s rising interest in H2.

Chart already offers a range of different services targeting the H2 market. They likely view this most recent acquisition as another step into this promising and growing market.

“We transform methane into acetylene and hydrogen, critical precursors for the synthesis of high-value chemical end products, without using traditional techniques that form carbon dioxide,” said Transform Materials Chair David Soane.

To read the original story, visit Hydrogen Fuel News.

Share This
Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on google

We're growing! Today, we announced appointments to CFO, COO, and VP strategy to support the growth of our clean #hydrogen business.

Three startling stats. from @BerkeleyEarth 2021 Climate Report:
Earth has an unbroken streak of 45 yrs of warmer than average temps
There's a 99% chance that 2022 will be a top 10 hottest year on record
The world is now 1.2°C (2.2°F) warmer than preindustrial levels