DOVER, Del., Oct. 19, 2021 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) today announced that it has secured $9.6 million in sustainability linked financing from Bank of America to fund capital investments in energy delivery solutions provided by the Company's Marlin Gas Services subsidiary.
Marlin Gas Services in one of the country's leading providers of virtual pipeline solutions for gas utilities, pipeline companies, industrial facilities and other customers. Marlin provides mobile gas delivery services nationwide and specializes in meeting highly specific needs for complex compressed and soon-to-be liquefied natural gas applications. As part of a growing set of service offerings, Marlin is also working with its customers to help achieve their sustainability goals by initiating the transport of Renewable Natural Gas (RNG) produced by landfills and anaerobic digesters to natural gas pipelines and other infrastructure. This 10-year, $9.6 million loan helps to facilitate the purchase and acquisition of key transportation assets that will be used to support RNG transport.
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