US-based equity firm Apollo has said its managed funds have acquired a majority interest in natural gas and hydrogen transportation and storage solutions provider Composite Advanced Technologies, Inc. (CATEC).
Founded in 2014, Houston-headquartered CATEC manufactures large format Type 4 cylinders for compressed natural gas (CNG), renewable natural gas (RNG) and hydrogen.
With the ability to be mounted on mobile trailers or to be used in stationary applications, CATEC says its storage technology can be used in a variety of industries.
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