Chart Industries Inc. selected to help build $4.25 billion natural gas liquefaction plant

Chart Industries Inc. selected to help build $4.25 billion natural gas liquefaction plant

Garfield Heights-based Chart Industries Inc. has been selected to help build a $4.25 billion natural gas liquefaction plant in Louisiana.The value of Chart’s share of the project was not disclosed, but the company building the plant, Venture Global LNG, said it will use Chart’s “mid-scale modular” technology to build the facility.

If approved by regulators, the plant will sit on a 203-acre site, where it will serve as an LNG export terminal on the Calcasieu Ship Channel on the Gulf Coast, about halfway between Houston and New Orleans.

“Chart has been selected as the liquefaction technology provider and key manufacturer of the Calcasieu Pass Project’s liquefaction and other associated process units,” Venture Global said in announcing its selection of Chart.

It said Chart “is a leading provider of highly-engineered cryogenic equipment and the world’s leading single-source LNG equipment and solutions provider across the complete LNG value chain: natural gas liquefaction, distribution, fueling, storage and end-use.”

Chart will work on the project through its wholly owned subsidiary, Chart Energy & Chemicals. For now, Chart will provide help with front-end engineering and design work. The project must receive federal regulatory approval before construction can begin and, therefore, before Chart can sell its equipment to the project.

Venture Global has said it hopes to complete the project by sometime in 2019. The plant would then be able to export 10 million metric tons of liquefied natural gas per year to world markets.


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