- FLSmidth FLIDY has signed an agreement with Chart Industries, Inc. GTLS to implement advanced carbon capture technology to reduce CO2 emissions from cement production.
- This collaboration will adapt and commercialize Chart's Cryogenic Carbon Capture (CCC) for customers in the cement industry.
- CCC is a post-combustion technology developed by Sustainable Energy Solutions (SES), a Chart company.
- Working with Chart, FLSmidth will accelerate the commercialization of CCC and optimize the design of the technology for the cement industry.
- The aim is to reduce over 90% of carbon emissions from industrial sources at half the cost and energy of current carbon capture processes.
- Price Action: GTLS shares closed higher by 0.1% at $191.58 on Thursday.
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