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Profile: Chart Industries Inc (GTLS.O)

GTLS.O on Nasdaq

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25 May 2017
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Chart Industries, Inc., incorporated on June 25, 1992, is a diversified global manufacturer of engineered equipment, packaged solutions, and value-add services used throughout the industrial gas, energy and biomedical industries. The Company operates through three business segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical. The E&C and D&S segments manufacture products used in energy-related and industrial applications, such as the separation, liquefaction, distribution and storage of hydrocarbon and industrial gases. Through the BioMedical segment, it manufactures and supplies medical devices, including cryogenic and non-cryogenic equipment, used in respiratory healthcare. The Company also manufactures and supplies products for life sciences, including biological research and animal breeding.

Energy & Chemicals

The Company's E&C segment facilitates natural gas, petrochemical processing and industrial gas companies in the production of their products. Its principal products include brazed aluminum heat exchangers, Core-in-Kettle heat exchangers, air cooled heat exchangers, cold boxes and process systems. These systems are used for global liquefied natural gas (LNG) projects, including projects in North America and China, for local LNG production and LNG export terminals.

For natural gas processing applications, the Company's brazed aluminum heat exchangers allow producers to obtain hydrocarbon by-products, such as methane, ethane, propane and ethylene, which are commercially marketable for various industrial or residential uses. Its cold boxes are engineered systems that incorporate brazed aluminum heat exchangers, pressure vessels and interconnecting piping used to manage the temperature of gas mixtures to liquefy component gases so that they can be separated and purified for use in multiple energy, industrial, scientific and commercial applications. Its air cooled heat exchangers are used to cool or condense fluids to allow for further processing and for cooling gas compression equipment. Customers for its natural gas processing applications include companies in the hydrocarbon processing industry, as well as engineering, procurement and construction (EPC) contractors.

For LNG applications, the Company provides process technology, liquefaction train and independent mission critical equipment for the liquefaction of LNG, including small to mid-scale facilities, floating LNG applications and large base-load export facilities. Its IPSMR (Integrated Pre-cooled Single Mixed Refrigerant) liquefaction process technology offers capital expenditure rates per ton of LNG produced.

For industrial gas applications, the Company's brazed aluminum heat exchangers and cold boxes are used to produce atmospheric gases, such as oxygen, nitrogen and argon, which have diverse industrial applications. Cold boxes are used to separate air into its atmospheric components, including oxygen, nitrogen, and argon. These gases are used in a diverse range of applications, such as metal production and heat treating, enhanced oil and gas production, coal gasification, chemical and oil refining, electronics, medical, the freezing of food, wastewater treatment and industrial welding. Its brazed aluminum heat exchangers and cold boxes are also used in the purification of helium and hydrogen.

Distribution & Storage

The Company's D&S segment designs, manufactures and services cryogenic solutions for the storage and delivery of cryogenic liquids used in industrial gas and LNG applications. Using vacuum insulation technology, its cryogenic storage systems stored and transported liquefied industrial gases and hydrocarbon gases at temperatures from 0 degrees Fahrenheit to temperatures nearing absolute zero, as of December 31, 2016. End-use customers for its cryogenic storage equipment include industrial gas producers and distributors, chemical producers, manufacturers of electrical components, healthcare organizations, food processors, and businesses in the oil and natural gas industries.

For industrial gas applications, the Company designs, manufactures, installs, services, and maintains bulk and packaged gas cryogenic solutions for the storage, distribution, vaporization and application of industrial gases. Industrial gas applications include any end-use of the elements of air, including manufacturing, welding, electronics, medical, nitrogen dosing, food processing and beverage carbonation. Carbon dioxide, nitrous oxide, hydrogen and helium applications also utilize its equipment. It also offers cryogenic components, including vacuum insulated pipe (VIP), engineered bulk gas installations, specialty liquid nitrogen (LN2), end-use equipment and cryogenic flow meters. Principal customers for industrial applications are global industrial gas producers and distributors.

The Company's LNG may be utilized as an alternative to other fossil fuels, such as diesel, propane or fuel oil in transportation or off pipeline applications. It supplies cryogenic trailers, International Orginization for Standardization (ISO) containers, railcars, bulk storage tanks, fuel stations, loading facilities and regasification equipment configured for delivering LNG into Virtual Pipeline applications. LNG may also be used as a fuel for a range of on and off-road vehicles and applications. Its LNG vehicle fueling applications primarily consist of LNG and liquefied/compressed natural gas refueling systems for heavy-duty truck and bus fleets. It sells LNG applications around the world from various D&S facilities to numerous end users, energy companies and gas distributors.

BioMedical

The BioMedical segment consists of various product lines built around its core competencies in cryogenics, vacuum insulation, temperature storage and pressure swing adsorption gas generation. Applications in the BioMedical segment include Respiratory Therapy, Life Sciences, Commercial Oxygen and Nitrogen Generation.

Under respiratory therapy, the Company's respiratory oxygen product line is comprises a range of medical respiratory products, including liquid oxygen systems and stationary, transportable and portable oxygen concentrators, all of which are used primarily for in-home supplemental oxygen treatment of patients with chronic obstructive pulmonary diseases. Chronic obstructive pulmonary diseases include bronchitis, emphysema and asthma.

Under life sciences, the Company's life science products include vacuum insulated containment vessels for the storage of biological materials. The primary applications for this product line include medical laboratories, biotech/pharmaceutical research facilities, blood and tissue banks, veterinary laboratories, large-scale repositories and artificial insemination, particularly in the beef and dairy industry.

Under commercial oxygen and nitrogen generation, the Company's commercial oxygen and nitrogen generation products include self-contained generators, standard generators and packaged systems for industrial and medical oxygen and nitrogen generating systems. These generators produce oxygen or nitrogen from compressed air and provide an alternative to the procurement of oxygen or nitrogen from third party cylinder or liquid suppliers. Applications include mining operations, industrial plants, ozone generation, hospital medical oxygen and wastewater treatment, among other commercial or military applications.

Company Address

Chart Industries Inc

1 Infinity Corporate Centre Dr S
GARFIELD HEIGHTS   OH   44125-5370
P: +1440.7531490
F: +1302.6745266

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