Northstar arranges Turkey recycling equipment deal

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21 July 2010

US Ex-Im-backed Northstar financing clinches the sale of US recycling technology to Turkey.

Chinook Sciences, a New Jersey-based small business, is selling equipment and technology to Turkey to build an innovative plant that recycles metal and in the process recovers gas and produces electricity. A portion of the export sale to Turkish buyer DT Metal Geri Kazanim Teknolojileri Sanayi ve Ticaret AS (DT Metal) is backed by a $10 million medium-term loan from Northstar Trade Finance. The loan is guaranteed by the Export-Import Bank of the United States (US Ex-Im).

“This transaction is a perfect example of how high-quality US exports can benefit buyers in the dynamic Turkish economy, as well as Turkey’s environment, and...

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