Chart Invests in Transform Materials for Hydrogen Production

Chart Industries has acquired 5 per cent ownership of Transform Materials, a U.S.-based technology company that uses microwave plasma to convert natural gas into acetylene and hydrogen.

The process that this sustainable chemical technology company uses is selective, cost-effective, and net-carbon-negative and it converts the methane in natural gas into high-value products suitable for direct use or downstream reactions.

Along with the investment, Chart and Transform also signed a binding commercial Memorandum of Understanding (MOU). The MOU establishes the commercial collaboration and equipment supply arrangements for Chart to supply Transform projects.

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