NORWICH, Conn.--(BUSINESS WIRE)--Engineered Carbon Solutions (ECS), the manufacturer of Frog City Fuel, has continued to garner commitments towards a mid-size manufacturing facility located in Southeast Connecticut. In the last two weeks, three entities have stepped forward and offered in excess of $1M in property, grant / loans and property tax abatement. We are in discussions with a confidential private company regarding a well-maintained facility in SE CT. This building facility would make an ideal location for our proposed manufacturing facility and if completed, would cement their position as an equity partner. The host town has, in turn, offered a tax abatement program which further reduces projected operating costs. Lastly, CT state officials have begun a process of committing as much as $400 thousand in grant / loans and are very excited about the prospect of a new manufacturing startup in state.
Engineered Carbon Solutions has developed a unique American-made biomass fuel for direct use in pellet stoves and boilers. Frog City Fuel provides a high BTU content fuel that is formulated with up to 60% recycled post-consumer waste. Michael Curtis, the ECS-CEO stated “We continue to put the pieces together to complete the funding of the manufacturing facility. We are not yet at our goal but these commitments can be leveraged into larger capital funding by outside private equity concerns, an ongoing effort.”
For more information, visit www.frogcityfuel.com.
