 ATLANTA, Oct. 18, 2021 GLOBE NEWSWIRE -- Chart Industries, Inc. Chart or the Company NYSE: GTLS, a leading global manufacturer of liquefaction and cryogenic equipment serving multiple applications in the energy and industrial gas end markets, is pleased to announce the signing of a Memorandum of Understanding MOU with Ionada, a global leader in the development, manufacturing and marketing of exhaust gas cleaning systems that reduce emissions from the marine and power generation industries, to collaborate on Carbon Capture and Sequestration CCUS projects that will leverage Ionadas carbon capture technology with Charts extensive expertise in CO2 storage and handling systems. The non-exclusive cooperation agreement will see both companies develop and use technology to reduce the carbon footprint of the shipping industry. Carbon captured via Ionadas technology can be stored onboard in Chart CO2 ISO containers or in engineered built-for-purpose type C tanks and then offloaded at ports. Once offloaded, the CO2 can either be permanently stored in geological formations or put to beneficial use in CO2-consuming industries, such as the agricultural, industrial, energy, or food and beverage sectors. 