GE Capital is financing ready-mix concrete firm Ozinga Bros.’ purchase of concrete trucks, loaders, and other equipment powered by compressed natural gas (CNG). The financing will also be used to purchase GE’s CNG fueling stations, the CNG In A Box system.
Mokena, Ill.-based Ozinga began testing CNG-powered concrete mixer trucks in 2011 with a goal of reducing its reliance on foreign petroleum and diminishing its carbon footprint. After learning that the new CNG engines reduced carbon emissions by 80-90 percent while offering the same horsepower and torque performance as traditional diesel engines, Ozinga pledged to switch its fleet of approximately 500 concrete mixer trucks to CNG by 2020.
To ease the refueling process for its fleet, Ozinga plans to install four CNG In A Box systems, which are plug-and-play on-site CNG fueling stations developed by GE Oil & Gas in collaboration with Chesapeake Energy Corporation.
For more information, go to http://www.ozinga.com/.