Chart Industries celebrates construction progress of its ‘Teddy 2’ facility
Published by Callum O'Reilly,
Senior Editor
Hydrocarbon Engineering,
Chart Industries Inc. has celebrated construction progress of its ‘Teddy 2’ facility, named as such because it is Chart’s second facility in Theodore, Alabama, US.
This plant is expected to fabricate the largest shop-built cryogenic tanks ever manufactured globally (70% larger than the previous largest), with manufacturing production set to begin in 1Q24. The tanks manufactured at this site will be used for propellant storage for the aerospace industry, hydrogen and LNG storage for the marine industry, and many other processes and technologies in the sciences and decarbonisation industries. Teddy 2’s easy access to waterways will provide additional opportunities for our customers to have lower cost, faster freight and transportation to site.
In addition to the ability to manufacture to this scale, this expansion also contributes significantly to local job creation and economic development efforts for the state of Alabama. We have expectations that our Teddy 2 facility will achieve annual revenues in excess of US$175 million. This also benefits local subcontractors in Alabama for process that we outsource, including the US$7.2 million of improvements to the onsite wharf which were awarded in full to local businesses. Teddy 2 is anticipated to employ over 90 people across two shifts as we continue to receive orders for these applications.
Chart began construction of this greenfield 127 000 ft2 facility in Theodore, Alabama in early April 2023, and it is due to complete in April 2024.
“We’re thrilled to be expanding into our second facility in Theodore, Alabama,” said Jill Evanko, CEO and President of Chart Industries. “This location is ideal for its water access, access to a strong skilled workforce, and capabilities to leverage our Teddy 1 capabilities, all supporting our expansion to serve our customers that want larger cryogenic tanks built in America.”
Brent Barkin, Mobile Chamber Chairman of the Board, said: “On behalf of the Mobile Chamber, I’d like to thank Chart Industries for choosing to invest in Mobile and its people, bringing a wealth of jobs to our region and further supporting our economic development efforts.”
Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/01082023/chart-industries-celebrates-construction-progress-of-its-teddy-2-facility/
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