Chart Industries Is First To Market With Approved Liquid Hydrogen Trailers In Korea
Portfolio Pulse from Benzinga Newsdesk
Chart Industries, Inc. (NYSE:GTLS) has received Korean Gas Safety (KGS) certification for its liquid hydrogen (LH2) bulk transport trailers, making it the first approved supplier for the Korean market. The trailers, built in Theodore, Alabama, meet Korea's stringent safety standards and offer a payload of over 3,100 kg. This approval positions Chart as a leader in the hydrogen transport market and aligns with the increasing demand for clean energy in Korea.
November 14, 2023 | 10:19 pm
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Chart Industries' approval to market its liquid hydrogen trailers in Korea could lead to increased sales and market penetration, reinforcing its position in the clean energy sector.
The certification of Chart Industries' LH2 trailers by KGS is a significant milestone that opens up the Korean market to the company. As the first and only approved supplier, Chart is well-positioned to capitalize on the growing demand for clean energy solutions in Korea. This development is likely to be viewed positively by investors, as it may lead to increased sales and further entrenchment in the hydrogen transport market. The company's ability to meet stringent safety standards also enhances its reputation for quality and reliability.
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