NEWS RELEASE CHART INDUSTRIES SELECTED BY AIR PRODUCTS AND CHEMICALS TO SUPPLY HEAT EXCHANGERS Garfield Heights, OH – June 14, 2005 – Chart Industries Inc. (OTC: CIDI.OB) Energy and Chemicals business group (“Chart E&C”) received two orders for large brazed aluminum plate fin heat exchangers (BAHX) from Air Products and Chemicals Inc. Both orders call for multiple units to be used in the processing of liquefied natural gas (LNG). One order fulfills part of Air Products’ contract with Qatar Liquefied Gas Company Limited (II) (“Qatargas II”), for its LNG Facility Expansion Project (Train V) at Ras Laffan, which will tap Qatar’s North Field. Qatargas II is a joint venture of Qatar Petroleum and ExxonMobil Qatargas (II) Limited. Shipment of the Qatargas (II) heat exchangers is planned for fourth quarter 2005. Under a second order, Chart’s heat exchangers fulfill part of Air Products’ contract with Ras Laffan Liquefied Natural Gas Co. LTD (II) for Train VI at the RasGas (II) facility located in Qatar. Shipment for the RasGas (II) heat exchangers is planned for second quarter 2006. The plate fin heat exchangers will be used in the nitrogen refrigeration system of Air Products’ new AP-XTM natural gas liquefaction process. Air Products’ AP-X LNG process production capacity is 50% larger than any other LNG plant currently in operation, and is positioned well for a continuing market trend toward larger LNG process trains. Chart E&C designs and manufactures aluminum plate fin heat exchangers for a variety of applications with maximum design pressures of up to 2300 psig (pounds per square inch gauge). Chart’s heat exchangers have a long and successful track record in the world’s most demanding applications. Air Products (NYSE: APD) serves customers in technology, energy, healthcare and industrial markets worldwide with a unique portfolio of products, services and solutions; providing atmospheric gases, process and specialty gases, performance materials and chemical intermediates. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment and is listed in the Dow Jones Sustainability and FTSE4Good indices. The company has annual revenues of $7.4 billion, operations in over 30 countries, and nearly 20,000 employees around the globe. For more information, visit the Air Products website at www.airproducts.com. RasGas (II) is a joint venture company formed in 2001 between Qatar Petroleum and ExxonMobil RasGas Inc. (70/30 percent). The venture encompasses production operations from Qatar's giant North Field for the manufacture of LNG, which it exports to consumer markets in Asia/Pacific, Europe and the United States. By 2011, the RasGas ventures, including RasGas (II), are expected to process and supply more than 36 million metric tons a year of LNG to meet rising global demand. For more information, visit the RasGas website at www.rasgas.com. Chart Industries, Inc. is a leading global supplier of standard and custom engineered products and systems serving a wide variety of low temperature and cryogenic applications. Chart has domestic operations located in seven states and an international presence in Australia, China, Czech Republic, Germany and the United Kingdom. For more information, visit Chart ’s website at www.chart-ind.com. Contact:
For additional information regarding these or other Chart press releases, please contact our Corporate Executive Offices at 440-753-1490. |
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