Welcome to our dedicated page for Chart Industries news (Ticker: GTLS), a resource for investors and traders seeking the latest updates and insights on Chart Industries stock.
Chart Industries (NYSE: GTLS) delivers mission-critical cryogenic equipment and process technologies enabling liquefied natural gas (LNG), industrial gas, and clean energy solutions worldwide. This dedicated news hub provides investors and industry professionals with essential updates directly from the company and verified sources.
Access official press releases, financial disclosures, and strategic announcements covering equipment innovations, energy transition projects, and global partnerships. Our curated feed includes earnings reports, product launches, and operational milestones that demonstrate Chart's leadership in cryogenic system engineering.
Discover updates spanning hydrogen compression technologies, LNG infrastructure developments, and biogas purification systems – all critical to Chart's role in industrial gas processing. The content reflects the company's focus on sustainable solutions without speculative commentary.
Bookmark this page for streamlined access to Chart Industries' latest technical achievements and market positioning. Check regularly for authoritative updates that matter to stakeholders in the energy and industrial manufacturing sectors.
Argent LNG has selected Chart Industries' mid-scale modular liquefaction solution for a new 20 MTPA LNG facility in Port Fourchon, Louisiana. This innovative approach, utilizing Chart's IPSMR® technology, challenges traditional large-scale LNG models by offering superior efficiency, flexibility, and cost-effectiveness. Scheduled to be operational by 2029/2030, the collaboration aims to redefine industry standards. Chart Industries is set to begin engineering work and expects equipment orders in 2025.
Chart Industries (NYSE: GTLS), a leader in clean energy and industrial gas solutions, announced the successful repricing of its $1,631 million senior secured term loan facility. The new terms lower the interest rate by 0.75% per annum, resulting in an anticipated annual interest expense saving of $14 million. The repricing will be implemented through an amendment to Chart's fifth amended and restated credit agreement, expected to close in July 2024, subject to customary conditions.
Chart Industries (NYSE: GTLS) has joined the United Nations (UN) Global Compact, a major global initiative focused on promoting sustainable and socially responsible business practices. The UN Global Compact encourages companies to align their operations and strategies with ten universal principles covering human rights, labor, environment, and anti-corruption. Chart Industries aims to support the UN Sustainable Development Goals through its Nexus of Clean solutions, which span clean power, clean water, clean food, and clean industrials, while enhancing its own ESG performance. CEO Jill Evanko expressed enthusiasm about the partnership, highlighting the potential for positive impacts on customers and communities. The UN Global Compact, launched in 2000, now boasts over 20,000 participating companies globally. For more details, the 2023 Sustainability Report is available.
Chart Industries (NYSE: GTLS) will supply its Howden hydrogen compression solutions for Repsol’s €657 million expansion of the Sines industrial complex in Portugal. This project, which includes new Polypropylene and Polyethylene plants, aims to produce 100% recyclable high-value materials using solar-powered green hydrogen. Scheduled for operation in 2025, it represents the largest industrial investment in Portugal in the past decade and aligns with Repsol's goal of achieving net-zero emissions by 2050. Chart will provide two diaphragm compressors to ensure reliable, contamination-free, high-pressure hydrogen delivery.
Chart Industries, a global solutions provider to clean energy and industrial gas markets, will have its executives participating in upcoming investor conferences. These include Citi’s 2024 Energy and Climate Technology Conference on May 14, Cowen’s 2nd Annual Sustainability Week on May 22, and Craig-Hallum 21st Annual Institutional Investor Conference on May 29. A live webcast presentation will be available on the company’s website.
Chart Industries, Inc. reported record-breaking results for the first quarter of 2024, with orders, sales, margins, and EBITDA all reaching historic highs. The company saw strong demand and a growing commercial pipeline, reflecting positive market trends. Despite some cash flow challenges in the first quarter, Chart Industries remains optimistic about the future and reiterates its 2024 guidance and medium-term outlook.
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