Ex-Im Financing helps company create 165 American jobs
April 4, 2013
/PRNewswire-USNewswire/ -- FirmGreen Inc. (FirmGreen), a small renewable-energy company based in
Newport Beach, Calif.
, received the
Renewable-Energy Exporter of the Year
award from the Export-Import Bank of
the United States
(Ex-Im Bank). The award was presented at the Bank's 38th Annual Conference in
"FirmGreen is a great example of how American companies can remain globally competitive in the renewable energy sector," said Ex-Im Bank Chairman and President
Fred P. Hochberg
. "With great products and innovative ideas, there is no doubt that FirmGreen is a leader in this exciting field. I am proud that FirmGreen is receiving our Renewable-Energy Exporter award and look forward to working with them on future projects that protect our environment while promoting and sustaining U.S. jobs."
"Ex-Im Bank has enabled us to expand from domestic sales only to a strong and growing export business, thanks to critical financing and technical advice nobody else would provide," said FirmGreen CEO
. "Our experience with Ex-Im has been overwhelmingly positive, and we look forward to collaborating on future endeavors."
FirmGreen and other U.S. green-technology suppliers benefitted from a
loan from Ex-Bank. The Bank's financing is supporting the export of equipment and services for the development of the Novo Gramacho biogas project in
According to FirmGreen, this project will directly generate 165 new jobs at its facilities and at other companies in seven states:
The loan borrower, Gas Verde S.A., is the project owner and will operate the Novo Gramacho biogas plant located at the 140-hectare Jardim Gramacho landfill near
Rio de Janeiro
. The biogas plant will convert the site's "dirty" methane gas (a by-product of trash decomposition that lingers for years and is more environmentally harmful than carbon dioxide) into clean, usable biomethane gas.
Over the last four years (FY 2009 through FY 2012), Ex-Im Bank has provided increased financing for American-made
renewable-energy exports to global markets
. This support shows an overall positive trend (
in FY 2012,
in FY 2011,
in FY 2010 and
in FY 2009).
's 2013 Annual Conference will feature prominent members of the business and government community including Vice President
, Transportation Secretary
, former Treasury Secretary
, former National Security Advisor General
, Xerox Corporation CEO
, and Citibank Chairman Michael O'Neill.
A full listing of speakers, panelists, and moderators is available on Ex-Im's website: www.exim.gov
FirmGreen Inc. is a privately held, integrated energy company that participates in virtually all aspects of the global green-energy business. FirmGreen identifies, develops and commercializes new and emerging technologies and alternative fuels. The company has 37 employees at its headquarters in
Newport Beach, Calif.
, its lab and manufacturing plant in
, and its green-energy project-financing operations in New York City. The company also has U.S.-based employees in Brazil. For more information on this privately held, entrepreneurial organization, please visit
, Facebook and Twitter.
About Ex-Im Bank
is an independent federal agency that helps create and maintain U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. In the past five years (from Fiscal Year 2008), Ex-Im Bank has earned for U.S. taxpayers nearly
above the cost of operations. The Bank provides a variety of financing mechanisms, including working capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services.
in total authorizations in FY 2012 – an all-time Ex-Im record. This total includes more than
directly supporting small-business export sales – also an Ex-Im record. Ex-
's total authorizations are supporting an estimated
in U.S. export sales and approximately 255,000 American jobs in communities across the country. For more information, visit
SOURCE Export-Import Bank of
the United States