Article
Chart Industries Acquires Fronti Fabrications
Description
Chart Industries, Inc. (“Chart”) (NYSE: GTLS), a leading global manufacturer of liquefaction and cryogenic equipment serving multiple applications in the energy and industrial gas end markets, today completed the acquisition of Fronti Fabrications, Inc. (“Fronti”) for $20 million (subject to customary adjustments). Fronti is a specialist in engineering, machining and welding for the cryogenic and gas industries, and also supplies new build pressure vessels and performs repairs with certification to American Society of Mechanical Engineers (ASME) code.
Other articles in the issue
-
Woodside (ASX:WDS) acquires BHP Petroleum to create global energy company
Woodside Energy (WDS) has completed its acquisition of BHP’s oil and gas portfolio to create a global energy company. Woodside, the largest energy company listed on the ASX, acquired the entire share capital of BHP Petroleum (BHPP) and issued approximately 914 million new Woodside shares to BHP. The energy giant will also receive net cash of around US$1 billion (A$1.39 billion), including cash remaining in BHPP bank accounts immediately prior to completion.
-
Vision Hydrogen Acquires Advanced Renewable Fuels Development Project
Vision Hydrogen Corporation (OTCQB: VIHD) (the “Company”) announces that it has acquired a 100% interest in a 14 Ha port development project (the “Project”) for the storage and distribution of low carbon and renewable fuels, including hydrogen carriers such as ammonia, methanol and liquid organics, strategically located in Vlissingen (Flushing) at the mouth of the Westerschelde estuary in the Netherlands.
-
Miracle Fuel Hydrogen Can Actually Make Climate Change Worse
A world desperate for a climate-friendly fuel is pinning its hopes on hydrogen, seeing it as a way to power factories, buildings, ships and planes without pumping carbon dioxide into the sky.
But now scientists are warning that hydrogen leaked into the atmosphere can contribute to climate change much like carbon. Depending on how it’s made, distributed and used, it could even make warming worse over the next few decades, even if carbon poses the bigger long-term threat.
-
ABB E-mobility acquires controlling stake in Numocity
Startup electric vehicle charging solutions provider Numocity on Wednesday said ABB's E-mobility division has acquired a controlling stake in the company for an undisclosed sum.
-
Summit Carbon Solutions secures $1B in equity raise for CCS project
In New York state, Tiger Infrastructure Partners announced that portfolio company Summit Carbon Solutions, developer of the world’s largest carbon capture and storage project, completed its $1 billion equity raise including a $300 million commitment from TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform TPG Rise.