Boston Financial & Equity closed a lease transaction for $500,000 for a spinoff of a major materials handling company.

The spinoff has developed a proven, patented process to recover carbon black and other marketable liquid chemicals from discarded tires and does so with a significant reduction of carbon emissions.

The financed equipment is a liquid ring vacuum pump which is central to the company’s 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.