What is the common context connecting these events and industries? What does the acquisition of Fayetteville, Arkansas-based BlueInGreen tell us about Chart’s strategy and view of the industrial gas, clean energy, and water treatment markets?
Perhaps the most obvious place to start is BlueInGreen itself – its technology and market positioning.
The acquisition of BlueInGreen
BlueInGreen are gas-dissolution experts that provide engineered equipment for water treatment and industrial process applications. The company’s patented technology provides the most efficient method of dissolving gases into liquids, leading the industry-wide trend of replacing chemicals, polymers, and ambient air with oxygen, carbon dioxide (CO2), and ozone. So, there’s that – the obvious connection with industrial gas. In fact, Chart Industries has been a supplier to BlueInGreen and their customers for more than a decade, combining Chart’s gas storage and vaporisation equipment with BlueInGreen’s gas-dissolution technology.
As such, the acquisition of BlueInGreen by a multinational manufacturer of engineered equipment for the industrial gas sector is certainly a ‘natural fit’. It strengthens the connection between the industrial gas and water markets and sets the stage for accelerating the increasingly global trend of using industrial gases in water treatment – growing the applications for industrial gas use and thus, the market for Chart’s existing products and services.
The acquisition of BlueInGreen is a clear example of vertical integration – positioning Chart closer to the end-user – as well as providing manufacturing, process, distribution, sales, and other synergies and opportunities associated with the convergence of the industrial gas and water treatment markets. What makes this union even more intriguing is the intimate link between clean energy and clean water, coupled with the compounding effects of global environmental and social forces, and the common intersect of these forces with the corporate and competitive strategies of both Chart and BlueInGreen – strategies that are increasingly focused on providing sustainable solutions.
For example, BlueInGreen positions its solutions as ‘one of the many building blocks of sustainable development… making water treatment processes more efficient, more effective, safer, and more environmentally sound’ (VIC Technology Spotlight, October 2020). For instance, BlueInGreen’s Supersaturated Dissolved Oxygen (SDOX®) technology reduces energy use and greenhouse gas (GHG) emissions associated with wastewater treatment by at least 50% compared to traditional, ambient air technologies – providing more precise treatment while having the smallest energy, carbon, and physical footprint.
In case you haven’t noticed, Chart is increasingly invested in and focused on being at the forefront of society’s transition to a low-carbon economy –…
Read more:: The water-energy nexus | Features