Newlight and long ridge sign agreement to build aircarbon production facility in ohio

Huntington beach, calif. , july 14, 2022 /prnewswire/ -- newlight technologies, inc. ("newlight") and long ridge energy terminal ("long ridge"), which is jointly owned by a subsidiary of fortress transportation and infrastructure investors llc (nasdaq: ftai) and an affiliate managed by gcm grosvenor (nasdaq: gcmg), today announced that the parties and their related entities have entered into various agreements providing for the construction and operation of a new facility in ohio, aircarbon-ohio, to produce aircarbon, a naturally-occurring molecule called phb that replaces plastic but is carbon-negative and biologically degrades in natural environments.
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