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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...

st March) completed a $25m investment in Transform Materials for a 5% equity stake. Based in Florida, Transform Materials uses a 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 In addition to the investment, the companies have also inked a Memorandum of Understanding (MoU) to establish a commercial collaboration and equipment supply agreements, through which Chart with supply Transform projects. “We transform methane into acetylene and hydrogen, critical precursors for...

Chart invests $25m in Transform hydrogen technology st March) completed a $25m investment in Transform Materials for a 5% equity stake. Based in Florida, Transform Materials uses a 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 This acquisition is believed to contribute to Chart’s growing hydrogen interest. The company already offers several services to the hydrogen market and see this investment as a means to break further into the lucrative market. David Soane, Chai...