Fortress Transportation and Infrastructure Investors is working with Clean Planet Energy to develop plants in North America to recycle plastic waste and produce circular fuels

Repauno port & rail terminal

FTAI’s new, state-of-the-art Repauno Port & Rail Terminal on the Delaware River ships natural gas liquids and other energy products to markets around the world

FTAI’s new, state-of-the-art Repauno Port & Rail Terminal on the Delaware River ships natural gas liquids and other energy products to markets around the world

Clean Planet Energy ecoPlant rendering

Artist's impression of the Clean Planet Energy ecoPlant under development in the USA

Artist’s impression of the Clean Planet Energy ecoPlant under development in the USA

Artist’s impression of the Clean Planet Energy ecoPlant under development in the USA

NEW YORK, November 19, 2021 (GLOBE NEWSWIRE) – Fortress Transportation and Infrastructure Investors LLC (FTAI: NYSE) and UK green tech company Clean Planet Energy today announced a joint venture partnership to develop Clean. announced Planet Energy USA (“Clean Planet USA”) operates ecoPlants in important North American markets. Clean Planet USA’s first ecoPlant is currently being developed at FTAI’s Repauno Port & Rail Terminal (“Repauno”) in Gibbstown, New Jersey. The ecoPlant will convert non-recyclable plastic waste into high-purity fuels and oils as well as circular naphtha to support the manufacture of new plastics.

Clean Planet USA ecoPlants are green recycling plants that can process plastic waste that traditionally cannot be recycled. An ecoPlant can accept and process plastics of all classes, including those that are almost always rejected by traditional recycling centers and disposed of in landfills or incineration.

The first plant is currently being developed in Repauno, which will initially process 20,000 tons of plastic waste annually. In addition, Clean Planet USA’s newly formed business development team is driving several additional projects with plastic waste delivery agreements in Alabama, Texas, Florida, the Dominican Republic and other North American markets.

“We are excited to partner with Clean Planet Energy on this exciting opportunity. The development of ecoPlants in and of itself represents an attractive economic return while adding value to our existing terminal facilities and accelerating the transition to clean energy, ”said Joe Adams, CEO of FTAI.

The story goes on

“Our corporate mission is to process and reuse over a million tons of non-recyclable plastic waste annually. This exciting new joint venture with FTAI is accelerating us to meet these environmental goals, ”said Bertie Stephens, CEO of Clean Planet Energy. “The FTAI team not only understands the need for immediate action to deal with the plastics and carbon crisis, but the network available through its current stores provides the perfect platform and partner for scaling the ecoPlant construction.”

In the coming months, the joint venture will expand its network of raw material partners for non-recyclable plastic and aims to work with companies that process or generate this waste.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the development of Clean Planet USA ecoPlants, the markets in which it is contemplated development, including Repauno by FTAI , ecoPlants ‘ability to convert non-recyclable plastic waste into ultra-pure fuels and oils and circular naphtha, Clean Planet USA ecoPlants’ ability to accept and process plastics of all classes, the amount of plastic waste the plant can process each year, additional projects developed in each year Alabama, Texas, Florida and the Dominican Republic, whether the joint venture will generate attractive economic returns on its own, whether it will add value to the existing FTAI terminal facilities, the ability to accelerate the transition to clean energy, the ability of Clean Plane t Energy, over a million tonnes of f non-recyclable plastic waste per year, the joint venture’s ability to expand its network of raw material partners for non-recyclable plastic, and the intention to work with other companies that process or generate waste. These statements are based on the current expectations and beliefs of the management of FTAI and Clean Planet Energy and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, many of which are based on the by FTAI and The Control of Clean Planet Energy. FTAI and Clean Planet Energy cannot guarantee that their expectations will be met and such differences can be material. Accordingly, you should not place undue reliance on any forward-looking statements in this press release. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the “Risk Factors” and “Management Discussion and Analysis of Financial Condition and Operating Results” sections in the latest FTAI 10-K Annual and Quarterly Reports Form 10-Q, available on the FTAI website (www.ftandi.com). In addition, new risks and uncertainties will arise from time to time and it will not be possible for FTAI and Clean Planet Energy to predict or evaluate the effects of any factor that could cause actual results to differ from those in forward-looking statements. Such forward-looking statements speak only as of the date of this press release. FTAI and Clean Planet Energy expressly disclaim any obligation to publicly release any updates or revisions to any forward-looking statements contained herein to reflect changes in FTAI or Clean Planet Energy’s expectations regarding this or any change in any event, condition, or circumstance on which any statement is based. This announcement constitutes neither an offer to sell nor a solicitation of an offer to buy any securities.

About Clean Planet Energy
Clean Planet Energy is a green tech company headquartered in the UK. Your ecoPlants are designed to process non-recyclable waste plastic that would otherwise be dumped, incinerated, or spilled into the oceans. The product of their ecoPlants is an ultra-pure oil that can be used as fuel or clean naphtha and reduces CO2e emissions by over 75% compared to fossil fuels. Your current ecoPlant opportunities are in the UK, France, the Philippines, Indonesia, and now the US and North America. http://cleanplanetenergy.com

About Fortress Transportation and Infrastructure Investors LLC
Fortress Transportation and Infrastructure Investors LLC owns and acquires high quality infrastructure and equipment essential to moving goods and people around the world. FTAI targets assets that together generate strong and stable cash flows with the potential for earnings growth and asset appreciation. FTAI is managed externally by a subsidiary of Fortress Investment Group LLC, a leading, diversified global investment company. https://www.ftandi.com/

For more information please contact:
Alan Andreini
Investor Relations
Fortress Transportation and Infrastructure Investors LLC
(212) 798-6128
[email protected]

Photos related to this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/daa05a30-485c-46d4-821e-70bcb075c143

https://www.globenewswire.com/NewsRoom/AttachmentNg/4b8c67b7-1960-4ac2-9ff0-d7fa3ca73f41

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