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Boston Financial & Equity Closes $500K Equipment Lease for Spin-Off

August 14, 2019, 07:00 AM

Boston Financial & Equity recently closed a lease transaction for $500,000. The company, a spin-off of a major materials handling company, developed a proven and patented process to recover carbon black and other marketable liquid chemicals from discarded tires. It does this with a significant reduction of carbon emissions. The equipment is a Liquid Ring Vacuum pump which is central to their operations.

Although the company is not yet turning a profit, it does have contracts with one of the largest tire manufacturers as well as other large companies in the chemical industry.

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