Chart Industries, Inc. (NYSE:GTLS) secured an order from Bechtel to supply its Integrated Pre-Cooled Single Mixed Refrigerant liquefaction technology and cold boxes for Phase 1 of Woodside Energy Group's (NYSE:WDS) Louisiana LNG project.
The project, managed by Bechtel and owned by Woodside, was previously known as the Driftwood LNG project.
Under the order awarded this month, Chart Industries will support Phase 1 of the Louisiana LNG project by providing two LNG plants with 16 cold boxes for 11 MTPA of production.
Each plant will include four Heavies Removal Cold Boxes and four LNG Liquefaction Cold Boxes.
Chart's IPSMR process, known for its energy efficiency and reliability, will be a key component in Woodside Energy's efforts to deliver cleaner energy solutions.
Jill Evanko, CEO and President of Chart Industries, said, "Our IPSMR technology and associated equipment will play a key role in supporting Woodside's LNG production on schedule, delivering both efficiency and sustainability to meet global energy needs."
As of September 30, Chart Industries held cash and equivalents of $312.5 million.
Price Action: GTLS shares are up 1.25% at $192.98 at the last check Tuesday.
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