Chart Industries has executed a memorandum of understanding with 8 Rivers Capital evaluate the latter’s portfolio of technologies, according to a news release.
The collaboration includes developing equipment for 8 Rivers’ technologies backed up by Chart’s design and manufacturing capabilities.
”The companies will work together to identify and develop commercial opportunities to integrate Chart offerings into 8 Rivers projects,” the release states.
In March The Hydrogen Source reported that North Carolina-based 8 Rivers was scouting for a location in the US Gulf Coast for its first clean hydrogen production facility and would need to raise capital.
The firm has developed new technologies such as 8RH2, a process to generate hydrogen with full carbon capture, and the Allam-Fetvedt Cycle, a process which helps to generate power from carbon-based fuels without air emissions.
Chart would become one of the suppliers of choice for various liquefaction, refrigeration processes, or liquefaction and refrigeration equipment technologies, cold boxes, heat exchangers, compressors, fans, liquid hydrogen storage tanks and trailers, and other associated equipment needed to implement 8 Rivers’ technologies.
