Chart Industries has acquired LA Turbine (LAT) for $80m in cash, which Chart CEO Jill Evanko says will lead to ’significantly shorter and guaranteed delivery times’ of hydrogen and helium liquefaction turboexpanders.
California-based LA Turbine provides turboexpander design, engineering, manufacturing, assembly and testing process for new and aftermarket equipment. Expanders are used in hydrogen and helium liquefaction; carbon capture and energy storage; industrial gas; natural gas processing; small-scale LNG plants; propane dehydrogenation (PDH) plants and heavy hydrocarbon removal process for LNG plants.
“We now can offer a more comprehensive ‘one stop shop’ solution and provide more options for our customers in these applications,” Chart said in a statement.
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