Chart Industries invests $25M for 5% stake in Transform Mate

Chart Industries invests $25M for 5% stake in Transform Materials; strategic commercial hydrogen MOU


Chart Industries invests $25M for 5% stake in Transform Materials; strategic commercial hydrogen MOU
Chart Industries Inc., a leading global manufacturer of liquefaction and cryogenic equipment serving multiple applications in the clean energy and industrial gas end markets, including hydrogen, has invested $25 million in Transform Materials for 5% of its equity.
Transform Materials is a sustainable chemical technology company that uses microwave plasma to convert natural gas into acetylene and hydrogen. Its highly selective, cost-effective, net-carbon-negative process converts the methane in natural gas into high-value products suitable for direct use or downstream reactions.
Using only methane and electricity as inputs, this highly selective process (single-pass conversion rate of > 90% with >95% selectivity), achieved at high throughput, with efficient plant operation and low production cost.avoids effluent impurities that require complex purification systems, instead yielding high-purity products with a small equipment footprint. In addition, it uses 50% less electricity for producing hydrogen than competing technologies.

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