Newlight Technologie and Long Ridge Energy Terminal, which is jointly owned by a subsidiary of Fortress Transportation and Infrastructure Investors, and an affiliate managed by GCM Grosvenor have penned various agreements to enable the construction and operation of Aircarbon-Ohio, a new carbon-capturing facility in Ohio.
Newlight was the first company to directly transform greenhouse gasses into PHB, a biomaterial that the company calls Aircarbon, at a commercial scale in 2020. PHB is an energy-storage material made in most living organisms that can be melted into shapes as a replacement for plastic. It is carbon-negative and biologically degrades in natural environments.
Newlight customers and partners include Shake Shack, Nike, Target, H&M, Ben & Jerry's, Sumitomo, US Foods, and Sysco, with millions of Aircarbon units delivered to consumers to date.
“Plastic pollution and climate change are the critical environmental challenges of our time, but in or