Raven SR and Chart Industries to Collaborate on Hydrogen and Carbon Capture Storage
23 December 2022 - 12:00AM
Raven SR Inc. (Raven SR), a renewable fuels company, and Chart
Industries, Inc. (NYSE: GTLS) today announced their agreement to
collaborate globally on the liquefaction, storage, and
transportation of hydrogen as well as pure carbon dioxide produced
from Raven SR’s non-combustion Steam/CO2 Reformation process of
converting waste to renewable fuel.
Raven SR produces transportation-grade hydrogen as well as
Fischer-Tropsch synthetic fuels, including sustainable aviation
fuel (SAF), using local waste as a feedstock, including green
waste, municipal solid waste, organic waste, and methane from
municipal solid waste or stranded natural gas wells. A byproduct of
this process is captured CO2, which when liquefied is a commodity
used for food and beverage production, fertilizer production, and
other consumer applications. In addition, CO2 can be a feedstock
for concrete or alternative fuels such as eFuels.
“By partnering with Chart Industries, Raven SR will be able to
optimize our facilities' production of clean fuels, strengthening
both project deployment and regional fuel supply,” said Matt
Murdock, CEO of Raven SR. “As we expand globally, it is essential
for Raven SR to collaborate with a world leader in hydrogen and
carbon dioxide storage and transportation in order to increase
energy efficiency throughout the supply chain.”
Chart Industries is a leading global engineering design and
manufacturer of highly engineered equipment servicing multiple
applications in the clean energy and industrial gas markets. Its
unique product portfolio is used in every phase of the liquid gas
supply chain, including upfront engineering, service and
repair.
“We are excited to partner with Raven SR, a world leader in
sustainable solutions, including waste to energy and transportation
applications,” stated Jill Evanko, Chart’s CEO and President. “This
collaboration brings two companies together that combined can offer
a robust solution set of options for renewables customers as well
as further progressing our customers’ CO2 reduction goals.”
The Raven SR technology is a non-combustion thermal,
chemical reductive process that converts organic waste and landfill
gas to hydrogen and Fischer-Tropsch synthetic fuels. Unlike other
hydrogen production technologies, its Steam/CO2 Reformation does
not require fresh water as a feedstock. The process is more
efficient than conventional hydrogen production and can deliver
fuel with low to negative carbon intensity. Additionally, Raven
SR’s goal is to generate as much of its own power onsite as
possible to reduce reliance on the power grid and be independent of
the grid. Its modular design provides a scalable means to locally
produce renewable hydrogen and synthetic liquid fuels from local
waste.
About Raven SR
Raven SR, headquartered in Wyoming, transforms biomass, mixed
municipal solid waste, bio-solids, sewage, medical waste, and
natural or biogas into renewable fuels. Using its proprietary,
non-combustion, non-catalytic “Steam/CO2 Reformation” technology,
Raven SR dependably produces a hydrogen-rich syngas regardless of
feedstock utilized. Raven SR, led by co-founders Matt Murdock and
Matt Scanlon, is committed to adding value to local resources and
communities while responsibly reducing greenhouse gases and
achieving a low carbon economy. By using modular systems and
producing low air emissions, their systems can be located closer to
customers and feedstock, creating local fuel from local waste for
local mobility. Visit https://ravensr.com/.
About Chart Industries, Inc.
Chart Industries, Inc. is a leading independent global
manufacturer of highly engineered equipment servicing multiple
applications in the Energy and Industrial Gas markets. Our unique
product portfolio is used in every phase of the liquid gas supply
chain, including upfront engineering, service and repair. Being at
the forefront of the clean energy transition, Chart is a leading
provider of technology, equipment and services related to liquefied
natural gas, hydrogen, biogas and CO2 Capture amongst other
applications. We are committed to excellence in environmental,
social and corporate governance (ESG) issues both for our company
as well as our customers. With over 25 global manufacturing
locations from the United States to China, Australia, India, Europe
and South America, we maintain accountability and transparency to
our team members, suppliers, customers and communities. To learn
more, visit www.chartindustries.com.
Media Contacts:
Raven SRKatharine FraserHill + Knowlton
Strategies +1 281-409-9351 katharine.fraser@hkstrategies.com
Chart IndustriesJohn WalshVP, Investor
Relations770-721-8899john.walsh@chartindustries.com
Chart Industries (NYSE:GTLS)
Historical Stock Chart
From Apr 2024 to May 2024
Chart Industries (NYSE:GTLS)
Historical Stock Chart
From May 2023 to May 2024