FTAI

(Photograph Courtesy of FTAI)
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FTAI to Spin Off Infrastructure Business

Fortress Transportation and Infrastructure Investors LLC (FTAI) on July 12 announced that its Board of Directors has approved the details and timing of the spin-off of its infrastructure business.

FTAI’s Repauno Port & Rail Terminal (pictured, left) in New Jersey transloads natural gas liquids and other energy products to markets worldwide. FTAI has partnered with Clean Planet Energy to develop a “green” recycling facility there (artist rendering, right), the first of many planned for North America.

Intermodal Briefs: TexAmericas Center, Fortress

New Boston, Tex.-based TexAmericas Center (TAC) has acquired Lone Star Railcar Storage Company’s contracts and assets. In addition, Fortress Transportation and Infrastructure Investors (FTAI) has partnered with Clean Planet Energy to develop waste plastic recycling and “circular-fuel production” facilities across North America.