Brief: Newlight, Long Ridge Sign Deal To Build Aircarbon Production Facility In Ohio

GCM Grosvenor

14/07/2022 12:33

July 14 (Reuters) - Newlight Technologies Inc:
    * NEWLIGHT AND LONG RIDGE SIGN AGREEMENT TO BUILD AIRCARBON
PRODUCTION FACILITY IN OHIO
    * NEWLIGHT - LONG RIDGE & SOME UNITS ENTERED INTO SOME
AGREEMENTS
WITH CO, WHEREBY LONG RIDGE WILL LEASE LAND AND SELL POWER AND
GAS TO CO
    * NEWLIGHT - SUBSIDIARY OF FTAI HAS AGREED TO INVEST 25% OF
PROJECT COSTS, OR UP TO $75 MILLION

Source text for Eikon:  ID:nPn8pY5pga 
Further company coverage:  FTAI.O 

 ((Reuters.Briefs@thomsonreuters.com;))