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Chart Industries, Calgon Carbon Ink Referral Agreement

Benzinga · 06/09/2022 15:23
  • Chart Industries, Inc. (NYSE:GTLS) division ChartWater and Kuraray Co., Ltd. (OTC:KURRY) subsidiary Calgon Carbon formally revealed an agreement signed in 2021 to jointly offer drinking water systems using granular activated carbon to under-resourced rural areas.
  • Under the terms of the agreement, Calgon Carbon will refer all communities in the U.S. requiring treatment of up to ~175 gallons per minute to ChartWater's AdEdge Water Technologies, which will source all related GAC from Calgon Carbon.
  • According to the U.S. EPA's Safe Drinking Water Act, there are over 140,000 small drinking water systems in the U.S.
  • Price Action: GTLS shares are trading lower by 3.30% at $180.70 on the last check Thursday.