Through its Distribution & Storage Asia business, the company has entered into a strategic supply agreement to provide Shandong Hanas New Energy Co. Ltd. equipment for 50 LNG stations, including installation and commissioning of this technology, over the next 30 months.
Chart will be the exclusive supplier of permanent fueling 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 station dispensers incorporating Chart’s latest proprietary flow metering technology.
“The total value of this supply agreement could exceed $35 million and it continues the LNG equipment success we have had in China. We recently received $7 million in orders related to this agreement,” said Tom Carey, President of Chart’s D&S Group.
“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,” he added.
Source: Chart Industries