Chart inks hydrogen MoU with Matrix Services
To establish standardized, price-competitive hydrogen solutions in North America, Chart Industries has executed a commercial hydrogen memorandum of understanding with Matrix Service Company.
This includes hydrogen liquefaction plants, marine bunkering, fueling stations, plant and storage expansion, spaceship fueling, and other hydrogen-related facilities.
The memorandum of understanding relies on the hydrogen strategy of both companies to continue to expand commercial arrangements, utilizing Chart’s hydrogen equipment and liquefaction offerings.
Chart Industries is a leading diversified global manufacturer of highly engineered equipment for the industrial gas and clean energy industries. It provides technology, equipment and services related to liquefied natural gas, hydrogen, biogas and CO2 Capture. Chart has been providing hydrogen-specific equipment to the industry for over 50 years and had a rapid increase in order activity in 2020. The orders for 2020 were over $38 million. These hydrogen orders contributed to Chart’s full-year 2020 specialty market orders of $283.6 million
Matrix Service Company designs, builds and maintains infrastructure critical to North America’s energy and industrial markets. Through its subsidiaries, Matrix provides engineering, procurement, fabrication and construction, as well as maintenance and products to the energy and industrial markets. Its specific experience refers to engineering, procuring and constructing cryogenic and pressure storage vessels, terminals and related balance of plant facilities which complements Chart’s hydrogen liquefaction and equipment offering.
Drawing on their respective expertise, Chart and Matrix are working to provide more cost-competitive and scalable ways to increase hydrogen as a key part of the clean energy transition. This memorandum furthers that effort by having a standardized, price-competitive offering for the turnkey design, equipment supply, and construction that would have been handled by subcontractors in North America.
Chart’s CEO and president Jill Evanko stated: “The combination of Chart equipment and process with the expertise Matrix brings in process integration, design, fabrication, construction and installation to create a unique and cost-effective solution for the North American hydrogen market, in particular for customers wanting a standardized solution. Matrix also brings access to larger scale commercial opportunities for Chart equipment in North America.”
Matrix CEO and president John R. Hewitt said: “After years of working on LNG and other cryogenic projects with Chart, expanding our relationship to support the evolution and ongoing work we do in hydrogen is a natural next step as energy companies look to Matrix for infrastructure solutions that support their strategic transition to clean energy products and services. We look forward to continuing to drive customer value and collaborating with Chart to improving the cost competitiveness of hydrogen as a clean energy fuel choice.”
Under the memorandum of understanding, both companies will provide design, equipment and installation. Chart’s included standard hydrogen offering in the memorandum ranges from liquefaction process and equipment to storage vessels to truck loading to vacuum insulated piping, and plant controls while Matrix provides process integration and facility design, as well as all the installation including storage spheres, site civil work, mechanical equipment, piping systems, electrical power, control, substation and distribution.