Chart Industries, FLSmidth Collaborate On Carbon Capture Technology

FLSmidth FLIDY has signed an agreement with Chart Industries, Inc. GTLS to implement advanced carbon capture technology to reduce CO2 emissions from cement production.
This collaboration will adapt and commercialize Chart's Cryogenic Carbon Capture (CCC) for customers in the cement industry.
CCC is a post-combustion technology developed by Sustainable Energy Solutions (SES), a Chart company.
Working with Chart, FLSmidth will accelerate the commercialization of CCC and optimize the design of the technology for the cement industry.
The aim is to reduce over 90% of carbon emissions from industrial sources at half the cost and energy of current carbon capture processes.
Price Action: GTLS shares closed higher by 0.1% at $191.58 on Thursday.