In an effort to reduce the company’s carbon footprint, South Carolina’s Randolph Trucking plans to convert four more of the trucks in its fleet so they run on compressed natural gas (CNG).
The conversion will be funded by an $880,622 Qualified Energy Conservation Bond from the South Carolina Jobs-Economic Development Authority (JEDA) through which the South Carolina SAVES Green Community Program will make a loan to Randolph Trucking.
“We’re able to be financially more efficient, environmentally more friendly, and frankly, more competitive through the use of CNG fuel, and this kind of investment in our company makes it possible,” Randolph Trucking President Charles Randolph said.
Randolph Trucking is based in Gaffney and specializes in hauling construction, demolition and agricultural materials. The company also received a $2.05 million Qualified Energy Conservation Bond in 2014 from JEDA, which was used to fund initiatives aimed at energy efficiency, renewable energy, and alternative strategies for commercial, industrial, institutional and local government borrowers throughout the Palmetto State.
“The SC SAVES program is a great way to help forward-thinking businesses like Randolph Trucking and their financing partners execute today the strategies that will help us all tomorrow and in the years to come,” Harry Huntley, executive director of JEDA in Columbia, said.