Ozinga Ready Mix Concrete, Inc., from Mokena, Illinois, has made arrangements with GE Capital to finance Ozinga’s 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.
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 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.
“Once we began operating CNG trucks, we quickly realized the value of adding natural gas fuel to our operations because it’s abundant and affordable,” said Marty Ozinga IV, president of the fourth-generation family-owned company. “This is one more step on the path to achieving energy independence and expanding the use of alternative energy in the Chicago area.”
Ozinga will use the majority of the funds to purchase CNG-powered ready mix trucks along with other necessary equipment. 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.
“We’re very pleased to help Ozinga accelerate the adoption of natural gas-powered commercial vehicles,” said Eric Dusch, equipment finance chief commercial officer at GE Capital, Corporate Finance. “This transaction brings together innovative solutions from GE Oil & Gas and GE Capital to help an American business grow and expand.”
(Source: GE Capital)