Fortress Transportation Forms JV With Clean Planet Energy For Green Recycling Facilities

Fortress Transportation and Infrastructure Investors LLC FTAI, and Clean Planet Energy, a UK green-tech company, formed a joint venture partnership to develop Clean Planet Energy USA ecoPlants in key North American markets.
The ecoPlant will convert non-recyclable waste plastics into ultra-clean fuels and oils and circular-naphtha to support the manufacture of new plastics.
The first facility is under development at Repauno Port & Rail Terminal in Gibbstown, New Jersey. The plant is planned to initially process 20,000 tons of waste plastics each year.
The joint venture will be expanding its network of feedstock partners for non-recyclable plastic and is seeking to collaborate with firms that process or generate this waste.
Price Action: FTAI shares are trading higher by 0.75% at $25.67 on the last check Friday.

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