Chart Industries Announces LNG Fuel Station Contract.
CLEVELAND--(BUSINESS WIRE)--Oct. 18, 2001
Chart Industries, Inc., (NYSE:CTI) today announced that its NexGen Fueling Division has won a contract to build a Liquid Natural Gas (LNG) fuel station for D.O.N. Investments of Stockton, California. This public access fuel station is located at the northern end of the I-5 leg of the Interstate Clean Transportation Corridor (ICTC), a corridor of LNG stations stretching from San Diego to Sacramento, California. The contract value was not disclosed.
Dave Barr, president of Chart's NexGen Division stated that, "The goal of the ICTC is to have public access LNG stations along the entire length of the I-5/CA99, I-80 and I-15 corridor."
D.O.N. Investments currently is in the process of adding 46 Class 8 semi-tractor dual-fuel tandem trucks to its fleet of trucks serving agricultural and industrial customers throughout California.
D.O.N. Investments received partial funding for the station from San Joaquin Valley Air Pollution Control District, California Energy Commission and the California Air Resources Board. Partial funding for the LNG vehicles was received from the Carl Moyer Program of the California Air Resource Board (CARB). Don Narten President of D.O.N. Investments commented that "We decided to move ahead with our LNG vehicle program because of the success other companies in California have had implementing similar programs and the impact those programs have had on the environment."
Chart's President and Chief Operating Officer, Jim Sadowski, stated, "NexGen has been a key technologist and supplier in enabling California to speed up its progress towards its environmental goals and meeting clean air targets. This market continues to strengthen and NexGen and California are its leaders."
The fuel station being installed will have two LNG dispensers that are designed for public access and capable of fueling up to 100 vehicles per day. The scalable station design will allow further expansion of LNG infrastructure in the future and is also designed with the capability of adding LCNG capabilities, which will convert Liquid Natural Gas (LNG) into Compressed Natural Gas (CNG), so both LNG and CNG vehicles can be fueled at the public access site. Site construction will begin immediately and the station is expected to be commissioned by December 31, 2001.
NexGen Fueling, a division of Chart Industries, Inc., is headquartered in Burnsville, Minnesota. It has sales, service and manufacturing facilities in Burnsville as well as Canton, Georgia; Costa Mesa, California; and Solingen, Germany. NexGen Fueling provides onboard fueling systems for LNG-powered vehicles and turnkey LNG fueling stations, as well as LNG liquefiers, LCNG fueling stations and trailer-mounted fuel stations.
Chart Industries, Inc. manufactures standard and custom-built industrial gas process equipment primarily for low-temperature and cryogenic applications. Headquartered in Cleveland, Ohio, Chart has domestic operations located in 13 states and international operations located in Australia, China, Czech Republic, England, Germany and Singapore. For more information on Chart Industries, Inc., visit the Company's home page web site at www.chart-ind.com.
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|Date:||Oct 18, 2001|
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