Chart Acquires 5% Stake in Transform Materials, Signs Hydrogen MoU

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Chart Industries has made yet another move in the emerging hydrogen economy, having yesterday (31st March) completed a $25m investment in Transform Materials for a 5% equity stake.

Based in Florida, Transform Materials uses a highly selective, cost-effective, net-carbon-negative process converts the methane in natural gas into high-value products suitable for direct use or downstream reactions

In addition to the investment, the companies have also inked a Memorandum of Understanding (MoU) to establish a commercial collaboration and equipment supply agreements, through which Chart with supply Transform projects.

To read the original story, visit gasworld.

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2021 has been a record year for renewable energy. However, “this level of growth is still only about half that required to meet net zero carbon emissions by mid-century.” Learn how our #cleantech can take goals to the next level: http://transformmaterials.com

https://www.theguardian.com/environment/2021/dec/01/renewable-energy-has-another-record-year-of-growth-says-iea

This article shares that “#methane has more than 80 times the warming power of a molecule of CO2”—and Transform’s technology can convert this dangerous greenhouse gas into quality #hydrogen and #acetylene. Learn more: http://transformmaterials.com

https://www.fastcompany.com/90696206/before-we-start-removing-co2-from-the-air-we-should-tackle-the-methane

Japan 🇯🇵 is “all-in” on #hydrogen, with 4,000 hydrogen-powered cars on the road already – only 10% of Japan’s final goal!

Support from national governments is vital to make hydrogen markets grow. 👇
https://www.cbsnews.com/news/japan-hydrogen-renewable-energy/