Chart Industries, Inc. has announced a strategic investment in Stabilis Energy, Inc. of up to $7m for up to 9% of common equity.
To support the small-scale LNG growth in the US, Stabilis and Chart jointly built a 100,000 LNG gallon per day liquefier in Texas to service multiple end markets.
For the liquefier, Chart supplied the liquefaction train, storage gas pre-treatment, and truck loading facilities, which contributed to the record production levels of the plant.
“We are pleased to announce this strategic investment in Stabilis Energy,” said Jill Evanko, CEO of Chart.
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