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Chart invests $25m in Transform hydrogen technology

Chart invests $25m in Transform hydrogen technology

Chart Industries has once again built upon its extensive hydrogen portfolio, having on Wednesday (31st March) completed a $25m investment in Transform Materials for a 5% equity stake.

Based in Florida, Transform Materials uses a highly selective, cost-effective, net-carbon-negative process converts the methane in natural gas into high-value products suitable for direct use or downstream reactions

Read more: Transform Materials converts natural gas into hydrogen

This acquisition is believed to contribute to Chart’s growing hydrogen interest. The company already offers several services to the hydrogen market and see this investment as a means to break further into the lucrative market.

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