Chart(US:GTLS) Newsfilter·2024-06-26 10:30Core Insights - Argent LNG has selected Chart Industries' mid-scale modular liquefaction solution for its upcoming 20 MTPA LNG facility in Port Fourchon, Louisiana, marking a significant shift from traditional large-scale LNG operations [1][10] - The IPSMR® technology utilized in this project is designed to enhance efficiency and performance, allowing for customization based on site-specific conditions, which optimizes operational efficiency and cost-effectiveness [2][10] Company Overview - Argent LNG is focused on revolutionizing LNG production and distribution, aiming to provide energy security and cleaner alternatives to traditional energy sources [7] - Chart Industries is a global leader in process technologies and equipment for gas and liquid molecule handling, committed to environmental, social, and corporate governance (ESG) issues [8] Strategic Collaboration - The partnership between Argent LNG and Chart Industries represents a commitment to innovation and sustainability, with the goal of redefining industry standards and delivering value to stakeholders [3][10] - Chart Industries has commenced engineering work for the project and expects to book an IPSMR® technology and equipment order in 2025 [4] Technological Advantages - The IPSMR® technology offers enhanced efficiency compared to traditional liquefaction methods, ensuring optimal resource utilization [10] - The modular design of the facility allows for flexibility and adaptability, accommodating various site conditions and gas turbine power specifications [10][11] - Cost optimization is achieved through fine-tuning system configurations, minimizing operational costs while maintaining high performance standards [10]