Bio Fuel, Bio Diesel and New Energy Information

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Private Equity Firm Buys Chart Industries

Bio Clean Fuel By Staff

Viridian, the holding company for Northern Ireland's electricity, is in talks over a .62billion bid by Bahraini private equity firm Arcapita Bank.

Earth Bio Fuel (AXcess News) Greenwich CT - Private equity firm, First Reserve, a specialist in energy industry investments, acquired Chart Industries in a transaction valued at approximately $460 million. Chart Industries, headquartered in Garfield Heights, Ohio, is a leading provider of low temperature and cryogenic applications used by the energy industry.

Yes, ULSD fuels have a lower BTU value and thus when burned in a diesel engine will result in less power. Cetane enhanced products can offset this power loss. Cetane is a high energy compound that makes the fuel burn more completely in the combustion chamber, resulting in more power, reduced emissions, and improved fuel economy. Power Service diesel additives contain "+ Cetane Boost" to offset this power loss while also improving fuel economy and reducing emissions.

Bio Flight Fuel Green Jb100 Chart's principal products are focused on process equipment including heat exchangers, coldboxes and LNG fuel systems, used by the major natural gas, petrochemical processing and industrial gas companies in the production of their products. Chart manufactures a broad line of cryogenic products for the purification, liquefaction, distribution, storage and application of gases such as helium, nitrogen, argon, oxygen, carbon dioxide, natural gas and other hydrocarbons for final use in a multitude of industrial, commercial and scientific applications.

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Bio Bio Fuel Less More Waste "Chart is a global leader in the natural gas infrastructure market with experienced management, solid growth prospects and good free cash flow. Chart's products are critical to the development of the growing liquefied natural gas market. Chart fits well within our investment strategy of acquiring leading companies serving the global energy industry," said Tim Day, Vice President of First Reserve.

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Make Bio Fuel Samuel F. Thomas, Chief Executive Officer and President of Chart, said, "We have a number of exciting opportunities to continue to grow our business profitably and look forward to benefiting from our new relationship with First Reserve. We have successfully developed products in conjunction with our major energy customers who facilitate broad scale expansion of LNG production and distribution, GTL and syn-fuels production, natural gas processing and ethylene production. Our Industrial Gas products are critical parts of the infrastructure build-out for the rapidly developing industrial economies of China, Southeast Asia, Central and Eastern Europe. Our Micro-Bulk, Trifecta and Bio-Medical products provide increased security, higher productivity and reduced distribution costs in established economies such as North America, Western Europe and Japan."

ULSD was mandated by the Environmental Protection Agency (EPA) to be sold at all retail pumps by October of 2006. This new fuel is a reduced sulfur content formula of diesel fuel. Sulfur content went from 50 parts per million (ppm) to 15 ppm in this new fuel. The reduction of sulfur is mandated to reduce sulfur dioxide emissions 2. Do new diesel engines require use of ULSD

Bio Fuel Jb100 Jet Properties The acquisition was made by First Reserve Fund X, L.P., for a cash purchase price of $64.75 per share of common stock ($65.74 per share, less Chart's transaction expenses of $0.99 per share). In addition, the holders of outstanding warrants and options will receive the same per share cash purchase price less the exercise price of their warrants and options. Chart expects, no later than October 27, 2005, to mail to former holders of common stock and warrants a notice of merger and a letter of transmittal for the surrender of certificates formerly representing shares and warrants. No changes in the location of the corporate office or management are planned.

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