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Chart Industries Selected by Blue Spruce Operating as Technology and Equipment Provider for Dry Piney Helium and Carbon Sequestration Project

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Chart Industries (NYSE: GTLS) has been selected by Blue Spruce Operating as the technology and equipment provider for the Dry Piney Helium and Carbon Sequestration Project in Sublette County, WY. The company will supply the Nitrogen Rejection Unit (NRU) and helium process technology, having successfully completed the front-end engineering and design.

The project, when fully operational, will produce over 800 million cubic feet per year of bulk liquid helium, approximately 80 MMcfpd of natural gas, and will sequester up to 4.5 million metric tons of CO2 annually through two separate gas processing trains. Chart will provide operational support throughout the project's multi-decade lifespan.

Chart Industries (NYSE: GTLS) è stata selezionata da Blue Spruce Operating come fornitore di tecnologia e attrezzature per il Progetto di Elio e Sequestro del Carbonio Dry Piney nella Contea di Sublette, WY. L'azienda fornirà l'Unità di Rifiuto dell'Azoto (NRU) e la tecnologia di processo per l'elio, avendo completato con successo l'ingegneria e il design preliminare.

Il progetto, una volta pienamente operativo, produrrà oltre 800 milioni di piedi cubi all'anno di elio liquido in quantità bulk, circa 80 MMcfpd di gas naturale, e sequestrerà fino a 4,5 milioni di tonnellate metriche di CO2 all'anno attraverso due treni di lavorazione del gas separati. Chart fornirà supporto operativo per tutta la durata pluridecennale del progetto.

Chart Industries (NYSE: GTLS) ha sido seleccionada por Blue Spruce Operating como proveedor de tecnología y equipos para el Proyecto de Helio y Secuestro de Carbono Dry Piney en el Condado de Sublette, WY. La empresa suministrará la Unidad de Rechazo de Nitrógeno (NRU) y la tecnología de proceso de helio, habiendo completado con éxito la ingeniería y el diseño preliminares.

El proyecto, cuando esté completamente operativo, producirá más de 800 millones de pies cúbicos al año de helio líquido a granel, aproximadamente 80 MMcfpd de gas natural, y sequestrará hasta 4.5 millones de toneladas métricas de CO2 anualmente a través de dos trenes de procesamiento de gas separados. Chart proporcionará apoyo operativo durante toda la vida útil del proyecto, que abarca varias décadas.

Chart Industries (NYSE: GTLS)는 Blue Spruce Operating에 의해 와이오밍주 서블렛 카운티의 드라이 파이니 헬륨 및 탄소 포집 프로젝트를 위한 기술 및 장비 공급업체로 선정되었습니다. 이 회사는 질소 거부 장치(NRU)와 헬륨 처리 기술을 공급하며, 초기 엔지니어링 및 디자인을 성공적으로 완료했습니다.

프로젝트가 완전 가동되면 연간 8억 입방 피트 이상의 벌크 액체 헬륨, 약 80 MMcfpd의 천연 가스를 생산하고, 두 개의 별도 가스 처리 기차를 통해 연간 450만 미터톤의 CO2를 포집하게 됩니다. Chart는 프로젝트의 수십 년에 걸친 수명 동안 운영 지원을 제공할 것입니다.

Chart Industries (NYSE: GTLS) a été sélectionnée par Blue Spruce Operating en tant que fournisseur de technologie et d'équipement pour le Projet de Séquestration de l'Hélium et du Carbone Dry Piney dans le Comté de Sublette, WY. L'entreprise fournira l'Unité de Rejet d'Azote (NRU) et la technologie de traitement de l'hélium, ayant réussi à achever l'ingénierie et la conception préliminaires.

Le projet, une fois pleinement opérationnel, produira plus de 800 millions de pieds cubes par an d'hélium liquide en vrac, environ 80 MMcfpd de gaz naturel, et séquestrera jusqu'à 4,5 millions de tonnes métriques de CO2 par an à travers deux trains de traitement du gaz séparés. Chart fournira un soutien opérationnel tout au long de la durée de vie pluriannuelle du projet.

Chart Industries (NYSE: GTLS) wurde von Blue Spruce Operating als Technologie- und Ausrüstungsanbieter für das Dry Piney Helium- und Kohlenstoffspeicherprojekt im Sublette County, WY, ausgewählt. Das Unternehmen wird die Stickstoffausschlussanlage (NRU) und die Heliumprozess-Technologie bereitstellen und hat erfolgreich die Planungs- und Entwurfsphase abgeschlossen.

Das Projekt wird, sobald es vollständig betriebsbereit ist, über 800 Millionen Kubikfuß pro Jahr an flüssigem Helium in großen Mengen produzieren, etwa 80 MMcfpd an Erdgas erzeugen und bis zu 4,5 Millionen metrische Tonnen CO2 jährlich durch zwei separate Gasverarbeitungsanlagen speichern. Chart wird während der mehrjährigen Laufzeit des Projekts operative Unterstützung bieten.

Positive
  • Secured major contract for helium and carbon sequestration project
  • Successfully completed front-end engineering and design phase
  • Project will generate long-term operational support revenue over multiple decades
  • Large-scale production capacity: 800M cubic feet/year of helium and 80 MMcfpd of natural gas
Negative
  • Project still pending final investment decision
  • Two-year delivery timeline indicates delayed revenue recognition

ATLANTA, March 11, 2025 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a global leader in energy and industrial gas solutions today announced our selection by Blue Spruce Operating LLC to provide the Nitrogen Rejection Unit (“NRU”) and helium process technology and associated equipment for their Dry Piney Helium and Carbon Sequestration Project to be located in Sublette County, WY.

Recently, the NRU and helium plant front-end engineering and design was successfully completed by Chart.

“We are pleased to partner with Blue Spruce Operating on their unique and large-scale Dry Piney Helium and Carbon Sequestration Project,” stated Jill Evanko, Chart’s CEO and President. “We look forward to delivering this project on-time across the coming two years, as well as providing operational support to Blue Spruce over the many decades this project will be producing helium and other valuable products.”

“Chart Industries is an industry leader in cryogenic processing and technologies required for Blue Spruce Operating to separate, recover, and liquefy helium to purity grade for sale to our global customers,” stated Brad Gentry, Vice President – Midstream.

“Blue Spruce Operating continues to advance its design and commercial progress towards final investment decision. The completion of front-end engineering design for the NRU and helium plant packages represents a key milestone in the overall design effort. This strategic partnership, combined with Chart’s specialized technology offerings, will enable Blue Spruce to become a significant domestic resource for bulk liquid helium supplies and natural gas into the western U.S. Opal Hub market.”

At full operational capacity, the Dry Piney Project is anticipated to produce over 800 million cubic feet per year of bulk liquid helium, approximately 80 MMcfpd of natural gas, and permanently sequester up to 4.5 million metric tons of CO2 per year through the operation of two separate gas processing trains.

About Chart Industries

Chart Industries, Inc. is a global leader in the design, engineering, and manufacturing of process technologies and equipment for gas and liquid molecule handling for the Nexus of Clean™ - clean power, clean water, clean food, and clean industrials, regardless of molecule. The company’s unique product and solution portfolio across stationary and rotating equipment is used in every phase of the liquid gas supply chain, including engineering, service and repair and from installation to preventive maintenance and digital monitoring. Chart is a leading provider of technology, equipment and services related to liquefied natural gas, hydrogen, biogas and CO2 capture amongst other applications. Chart is committed to excellence in environmental, social and corporate governance issues both for its company as well as its customers. With 64 global manufacturing locations and over 50 service centers from the United States to Asia, Australia, India, Europe and South America, the company maintains accountability and transparency to its team members, suppliers, customers and communities. To learn more, visit www.chartindustries.com.

Investor Contact:
John Walsh
Senior Vice President, Investor and Government Relations
770-721-8899
john.walsh@chartindustries.com

This press release was published by a CLEAR® Verified individual.


FAQ

What is the production capacity of Chart Industries' Dry Piney Project for GTLS?

At full capacity, it will produce over 800M cubic feet/year of liquid helium, 80 MMcfpd of natural gas, and sequester 4.5M metric tons of CO2 annually.

Where is the GTLS Dry Piney Helium and Carbon Sequestration Project located?

The project is located in Sublette County, Wyoming.

What technology is Chart Industries (GTLS) providing for the Blue Spruce Operating project?

Chart is providing the Nitrogen Rejection Unit (NRU) and helium process technology and associated equipment.

When will Chart Industries (GTLS) complete the Dry Piney Project delivery?

The project delivery is scheduled across the coming two years from March 2025.
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