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June 08, 2005
Chart announces Construction of the Largest Tank in its History
Decin, Czech Republic – June 8, 2005 – Chart Industries, Inc. (OTC: CIDI.OB) announced today that its European operation Ferox a.s. has completed construction on the largest shop constructed vacuum insulated tank in the world. The 530 cubic meter tank was constructed for Woikoski, a specialty gas producer and distributor in Finland.
This milestone comes only two years after Ferox completed three 500 cubic meter tanks for an LNG terminal in Norway. At the time, these were the largest tanks Ferox had ever built. In mid-2004, Woikoski requested the highest-volume tank Ferox could produce. Upon investigation into the logistics of shipping, Ferox designed, manufactured and successfully shipped the massive tank.
The thermal efficiency of the vacuum insulated design provided by Chart, is two to three times more efficient than traditional flat-bottom designs, therefore significantly reducing the amount of LNG lost due to unwanted heat entering the storage tank.
| Technical
parameters of the tank: Gross volume: 530 cubic meters Outer diameter: 5000 mm Approximate length: 36000 mm MAWP: 4 bar |
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Chart Industries, Inc. is a leading global supplier of standard and custom engineered products and systems serving a wide variety of low temperature and cryogenic applications. Chart has domestic operations located in seven states and an international presence in Australia, China, the Czech Republic, Germany and the United Kingdom.
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