Chart Industries Bags Over $120M Of Orders For Four Liquefaction Projects

Chart Industries, Inc. GTLS has secured over $120 million of orders for four liquefaction projects with four different customers over the past week.
The company also received releases on engineering work on two big LNG export terminal projects expected to proceed to the Final Investment Decision in 2022.
Chart Industries received its fourth hydrogen/helium liquefaction order of the year, with all four totaling ~$150 million, covering three different geographies and three different customers.
The other three awards were for 60,000 ton BioLNG liquefaction and associated equipment and two Utility-scale LNG liquefaction plant.
"We view this past week's awards and overall continued broad-based demand as strong indicators that the energy transition is accelerating. These orders give further support to our previously announced 2022 outlook," commented Jill Evanko, Chart's CEO and President.
Price Action: GTLS shares closed lower by 0.83% at $158.17 on Tuesday.