Chart Industries, Inc. recently announced a contract with Argent LNG to provide its mid-scale modular liquefaction solution, IPSMR process technology, for a 20 MTPA LNG facility in Port Fourchon, LA. This news comes as the U.S. energy industry continues to grow and demand for LNG-related services increases.
Chart Industries’ IPSMR technology is designed to enhance efficiency and performance in liquefaction systems, optimizing resource utilization and reducing operational costs with its modular design that allows for customization and adaptability to various site conditions and gas turbine power specifications. This technology will enable Ardent to meet the growing demand for LNG-related services in the market.
Chart Industries currently holds a Zacks Rank of #3 (Hold), but it has outperformed the industry this year with a 5.3% increase compared to the industry’s 1.9% rise. Some better-performing companies in the Industrial Products sector include Applied Industrial Technologies, Inc., Belden Inc., and Crane Company. These companies have shown positive growth and performance in the year-to-date period, making them worth considering for investment opportunities.