LONDON, 20 November 2019 – SEA\LNG, the multi-sector industry coalition accelerating the widespread adoption of liquified natural gas announced today that Chart Industries (Chart; NASDAQ: GTLS) has joined the membership.
Peter Keller, SEA\LNG chairman, commented: “We are thrilled to welcome another member from North America. Chart is a highly respected equipment and solution provider working across the LNG value chain and we look forward to working together with a company that is at the heart of the energy revolution.”
Chart is a key equipment and systems provider to applications that utilise clean burning, economical natural gas. The liquefaction technology that is used includes specialised heat exchangers, cryogenic storage and delivery expertise to support global LNG infrastructure, including small-scale LNG for transportation, marine and power generation. Chart continues to help the marine sector meet the challenge of IMO 2020, building its first bunkering station in 2003 and more recently completing terminals in Klaipeda and Jacksonville, Florida. Their fuel systems are onboard multiple LNG powered vessels, including the Francisco high speed ferry and various fleets of barges.
Jill Evanko, President and Chief Executive Officer at Chart said: “Chart LNG systems not only offer innovative solutions for marine applications, they provide green energy to ships during port layovers, improving air quality in the local area. As members of SEA\LNG, we expect to further enhance LNG as a commercially viable and environmentally sound marine fuel for 2020 and beyond, while contributing to a cleaner future for the communities in which our equipment and solutions are used.”
SEA\LNG continues to bring together key players in the marine value chain, including shipping companies, classification societies, ports, major LNG suppliers, LNG bunkering companies, infrastructure providers and OEMs (original equipment manufacturers), to advance cooperation and communication on key areas. The recent appointment of Chart will bring the coalition a stronger perspective on infrastructure and emissions.
Through collaboration with its members, independent consultants and academic experts, SEA\LNG has produced verified studies detailing the significant economic and environmental benefits of LNG as a marine fuel, including the definitive Life Cycle GHG Emissions Study on the Use of LNG as Marine Fuel, commissioned in partnership with the Society for Gas as a Marine Fuel (SGMF) and conducted by independent consultancy thinkstep. The final study concluded that LNG provides carbon emissions reductions of up to 21% compared to current oil-based marine fuels across the entire life cycle from Well-to-Wake (WtW).
Further, SEA\LNG’s study comparing nine alternative fuels, undertaken by leading classification society DNV GL, reinforced the fact that LNG is the most mature, scalable, and commercially viable alternative fuel currently available for the maritime industry.
Since launching in July 2016, SEA\LNG’s membership has grown from 13 to 39 members. This reflects the industry’s growing recognition of LNG as the only safe, scalable, cost effective and pragmatic pathway to a zero-emissions shipping industry.
Notes to editors
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SEA\LNG is a UK-registered not for profit collaborative industry foundation serving the needs of its member organisations committed to furthering the use of LNG as an important, environmentally superior maritime fuel.
SEA\LNG has members across the entire LNG value chain including providers of the product, users, engine and asset suppliers, and class societies. SEA\LNG is already recognised as an International leader in LNG matters. Each member organisation commits mutually agreed human resources, data analysis and knowledge sharing in support of SEA\LNG initiatives and activities and financially contributes via a membership fee. SEA\LNG is guided by a board, which is led by chairman Peter Keller, who was elected as Founding Chairman in 2016.
SEA\LNG’s members include: ABS, Carnival Corporation & plc, Chart Industries, Clean Marine Energy, DNV GL, Eagle LNG Partners, ÉNESTAS, Exeno Yamamizu, Fearnleys, FortisBC, Gasum AS, GE, GTT, JAX LNG, Keppel Gas Technology, “K” LINE Group, Lloyd’s Register, MAN Energy Solutions, Maritime and Port Authority of Singapore (MPA), Marubeni Corporation, Mitsubishi Corporation, Mitsui & Co., Ltd., Naturgy, Novatek Gas & Power, NYK Line, Port of Rotterdam, Port of Virginia, Qatargas, Shell, Société Générale, Stabilis Energy, Sumitomo Corporation, Total, TOTE Inc., Toyota Tsusho, Uyeno Group of Companies, Vancouver Fraser Port Authority, Wärtsilä, and Yokohama-Kawasaki International Port Corporation (YKIP).
About Chart Industries, Inc.
Chart Industries, Inc. is a leading independent global manufacturer of highly engineered equipment servicing multiple market applications in Energy and Industrial Gas. Our unique product portfolio is used throughout the liquid gas supply chain in the production, storage, distribution and end-use of atmospheric, hydrocarbon, and industrial gases. Chart has domestic operations located across the United States and an international presence in Asia, Australia, Europe and South America. To learn more, visit www.Chartindustries.com.
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