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Chart bags Ethylene Project in Thailand for PTT

24
Mar '07
Chart Industries Inc announced that its wholly-owned subsidiary, Chart Energy & Chemicals Inc, has been awarded a multi-million dollar contract from Toyo Engineering Corporation to supply brazed aluminum heat exchangers, core-in-kettle heat exchangers and cold boxes for the PTT Polyethylene Company Ltd ethylene plant, located in Map Ta Phut, Rayong, Thailand.

Chart's equipment is scheduled to be completed and shipped late in 2008, with the plant scheduled to start up October 2009. The ethylene plant is based on ABB Lummus Global technology and is expected to have a capacity of one million tons of ethylene per year.

The ethylene produced by this plant will be the feedstock of a polyethylene plant also being constructed in conjunction with this project.

"This award adds to our growing portfolio of energy and chemical related projects throughout the world," said Sam Thomas, Chief Executive Officer and President of Chart Industries Inc. "Chart has experienced a lift in demand for its equipment utilized in the production of ethylene."

"Toyo's confidence in Chart's capabilities reflects the strength of our products and the competitive position we hold in this market."

Chart is a leading global manufacturer of highly engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases. The majority of Chart's products are used throughout the liquid gas supply chain for purification, liquefaction, distribution, storage and end-use applications, the largest portion of which are energy-related.

Chart Industries Inc


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