State Senator Gene Yaw announced that a loan request for $2,300,000 has been approved by the Commonwealth Financing Authority (CFA) to REV LNG for the purchase of micro LNG production plant equipment located in Ridgebury Township.
The company is planning to produce their own LNG in addition to hauling LNG for other producers.
The Senator announced several local grant and loan requests which have been approved by the CFA in Bradford, Lycoming and Union Counties.
“It is critical that we provide the funding necessary for our municipal governments to make fundamental repairs and upgrades to existing infrastructure,” Yaw said. “I applaud all the applicants and local officials on receiving these important state investments.”
LNG World News Staff, November 22, 2013; Image: REV LNG