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Chart acquires 15% stake in HTEC and signs commercial hydrogen MoU

Chart acquires 15% stake in HTEC and signs commercial hydrogen MoU

Chart Industries today (15th Dec) confirmed it has acquired a 15% stake in Hydrogen Technology & Energy Corporation (HTEC) and executed a binding commercial Memorandum of Understanding (MoU) with the company.

Based in Vancouver, HTEC designs, builds, and operates hydrogen fuel supply solutions to support the deployment of hydrogen fuel cell electric vehicles. With existing refuelling stations in British Columbia, Quebec and Alberta, the investment further supports Chart’s clean energy focus.

In conjunction with the investment, the signed MoU will further help Chart gain access to new customers and regions. Sharing the MoU details today, the liquefaction and cryogenic equipment manufacturer said it established commercial collaboration and an equipment supply agreement, through which it will now supply HTEC projects.

Opening doors to HTEC’s strong customer base, including Shell, 7 Eleven, Toyota and Hyundai, along with solid relationships with Canadian governments, the MoU and investment helps to expand Chart’s equipment presence.

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