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JX Nippon Invests in 8 Rivers' Calcite Direct Air Capture Technology

Sep 17, 2024•over 1 year ago

Contract Type

partnership

HoustonEnergySustainabilityNatural Resources

Description

8 Rivers Capital, LLC has secured an investment from JX Nippon Oil Exploration (U.S.A.) Limited for the first commercial deployment of the Calcite Direct Air Capture (DAC) technology. The funding will support the deployment of 8 Rivers' Calcite DAC solution, with a focus on Project Cardinal in the U.S. Gulf Coast and additional technology derisking at Calcite’s pilot project in Mobile, AL.

Company Information

Company

8 Rivers Capital

Location

Houston, Texas, United States

About

8 Rivers Capital, LLC is a Durham, NC-based firm founded in 2008 which is leading the invention and commercialization of sustainable, infrastructure-scale technologies for the global energy transition as the premier net zero solutions company for industrial decarbonization. 8 Rivers is developing and deploying technologies for clean hydrogen and ammonia (8RH2), transformative zero-emissions power cycles (Allam-Fetvedt Cycle) direct air capture (Calcite), retrofit carbon capture (Carbon8), sour gas sweetening (TarT), clean ethylene (Codox), and other advanced clean energy systems. www.8Rivers.com.

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Strategic partnership established
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