Ex-Im Bank Renews Financing for Pennsylvania Company To Pursue Water Treatment Projects
January 30, 2009The Export-Import Bank of the United States (Ex-Im Bank) has renewed a $37 million loan facility for a Canonsburg, Penn., green technology company to enable it to complete existing export contracts in Oman and Italy and pursue new business.
On January 29, Ex-Im Bank’s board of directors approved the guarantee of a revolving working capital loan from PNC Bank, Pittsburgh, Penn., to support Aquatech International Corporation’s export of water purification solutions involving zero liquid discharge treatment, water reuse, and desalination.
“This financing will help sustain and potentially grow U.S. jobs at Aquatech and its extended supply network at this critical economic time,” said Aquatech President and CEO Venkee Sharma. “Aquatech’s near-20-year relationship with Ex-Im Bank clearly demonstrates the Bank’s commitment to support small and mid-size businesses like ours, to preserve and grow U.S. employment, and to facilitate U.S. environmental technology exports.”
Ex-Im Bank’s Office of Renewable Energy & Environmental Exports works with companies across a wide range of environmental sectors, including renewable energy, wastewater treatment, air pollution technologies and waste management services. The Bank offers enhanced financing, including special extended repayment terms, for certain categories of U.S. goods and services including environmentally beneficial exports.
The Bank’s environmental exports program has grown from five transactions in 1994 to 87 transactions in 2008, with a total current portfolio in excess of nearly $3 billion. In fiscal year 2008, the Bank authorized $226.9 million in financing to support an estimated $434.2 million of U.S. environmentally beneficial goods and services.

manufacturing facilities of Integrated Manufacturing Technologies (IMT) in Red Bud, Ill., to meet with employees who are benefiting from USTDA’s commercially focused foreign assistance program. Working with IMT’s parent company, Roeslein & Associates (St. Louis, Mo.), USTDA funded the early investment analysis on the establishment of new local can manufacturing capacity in Nigeria utilizing U.S.-manufactured equipment.