^LYSAKER, Norway, May 04, 2023 (GLOBE NEWSWIRE) — TECO 2030 (OSE: TECO, OTCQX:
TECFF, ISIN: NO0010887516) and Chart Industries, Inc. (NYSE: GTLS
(https://www.marketwatch.com/investing/stock/gtls),?Chart”) have theirs
existing cooperation agreement on the Cryogenic Carbon Capture(TM)
Chart’s process technology (“CCC”) expanded to include Chart’s offering
Systems for storing and supplying liquid cryogenic fuels
as well as Howden’s hydrogen solutions.
Caption: Onboard carbon capture and storage concept
Under the Enhanced Agreement, Chart, Howden (a company of
Chart Industries Group) and TECO 2030 pool their expertise to increase efficiency
of ships and reduce carbon emissions.
?We are excited to expand our relationship and our solution for TECO
to Howden in 2030,” said Jill Evanko, CEO of Chart Industries.
?Carbon capture for ships will be one of several solutions
used by the shipping industry to
International Maritime Organization (IMO) set targets for
achieve greenhouse gas emissions.”
Chart, which includes Howden, has solutions that are leading
compression technologies, storage and transportation equipment,
liquefaction technology, cryogenic carbon capture and
End use capacities throughout the value chain for handling
include gaseous and liquid hydrogen. This comprehensive range of solutions
combines over 160 years of experience with hydrogen and is backed by a global
Network of product experts, regional presence and service capabilities in
Supported Australia and Southeast Asia supporting Hydrexia on land
become.
?I look forward to working more closely with Chart on the
Decarbonizing the shipping industry, an industry TECO knows well.
We are fully focused on our common goals
to reach. When we talk to customers, we see a growing interest
both on hydrogen fuel cells and on solutions for
Carbon capture and storage,” says Tore Enger, Group CEO of TECO
2030
TECO 2030 is a Norwegian company specializing in the development,
Manufacture and supply of environmentally friendly hydrogen fuel cells
for the shipping industry and also exhaust gas cleaning systems
and provides carbon capture and storage solutions. The
The main objective of TECO 2030 is to support the shipping industry in the transition to
Support more sustainable practices by providing solutions that
Reduce emissions and improve energy efficiency.
About Chart Industries, Inc.
Chart Industries, Inc. is an independent global leader in the development,
Design and manufacture of process technologies and equipment for the
Gas and liquid molecule processing for the Nexus of Clean(TM) – clean
energy, clean water, clean food and clean industrial products,
independent of the molecule. The unique product and solution portfolio of the
Company for stationary and rotating equipment comes in every phase of
LPG supply chain, including development, service and
Repair and from installation to preventive maintenance and digital
Monitoring. Chart is a leading provider of technology, equipment and
Services related to liquefied natural gas, hydrogen, biogas and CO2
deposition as well as other applications. Chart advocates for outstanding
Environmental, Social and Governance (ESG) performance
both for his company and for his customers. With over 48 global
manufacturing locations and 41 service centers from the United States to after
The company is facing Asia, Australia, India, Europe and South America
its team members, suppliers, customers and communities
responsible and transparent. To learn more, visit
www.chartindustries.com (http://www.chartindustries.com/)
About TECO 2030
TECO 2030 (OSE: TECO) faces one of the largest ecological
Challenges of our time: How can we ensure sustained economic growth
associate with reduced emissions? Through the development of hydrogen
Fuel cells enable TECO 2030 to make ships and ships emission-free
other heavy duty applications. TECO 2030 is building Europe’s first in Narvik, Norway
Giga production facility for hydrogen PEM fuel cell stacks and modules
on. Production capacities will be maintained throughout 2023 and up
Built in early 2024, with a production capacity of 120 MW
Fuel cells in 2024, 400 MW in 2025 and 1.6 GW in 2030
is aimed at. The company also supplies other solutions related to the maritime
Help industry to reduce their ecological footprint, e.g. B.
Exhaust gas cleaning and carbon capture systems for ships.
The company is listed on Euronext Growth on the Oslo Stock Exchange under the symbol
TECO and listed in New York on the OTCQX under the symbol TECFF. TECO2030 is
a spin-off of TECO Maritime Group, a group that has been developing technologies since 1994
and provides services to the global shipping industry. For further
For information, please visit www.teco2030.no.
Chart Industries Investor Relations Contact:
John Walsh
VP, Investor Relations
1-770-721-8899
TECO 2030 Business Enquiries:
Goal Erik Hoftun
COO, TECO 2030
(+47) 99 261 337
[email protected] (mailto:[email protected])
A photo accompanying this announcement is available
at: https://www.globenewswire.com/NewsRoom/AttachmentNg/2e885d3f-c8cc-
4ead-8a3b-d1232704601f
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