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8 Rivers Secures $100M Investment From Sk Group And Establishes Asian Joint Venture With Sk Group To Accelerate Global Decarbonization

PRIVATEMar 08, 2022•about 4 years ago

Amount Raised

$100 Million

DurhamInformation TechnologyEnergy

Description

8 Rivers Capital, LLC announced a USD$100 million investment from SK Group, along with the establishment of an 8 Rivers-SK joint venture to focus on decarbonization of Korean and key Asian markets. This investment establishes 8 Rivers as the premier Net Zero solutions company globally for industrial decarbonization, offering innovative solutions that are deployment-ready today and will help drive global decarbonization through 2050. This represents one of the largest single private investments in a carbon capture solutions provider to date, and was announced at S&P Global's CERA Week by IHS Markit

Company Information

Company

8 Rivers

Location

Durham, North Carolina, United States

About

8 Rivers is a Durham, North Carolina–based clean energy and climate technology company leading the global energy industry towards achieving net zero. Since 2008, 8 Rivers has been pioneering infrastructure-scale technologies that can drastically reduce or remove CO2 emissions. We’re proud to be a growing, world-class team of engineering and business experts working together to commercialize technologies and deliver projects across multiple sectors, with a focus on oxy-combustion and ultra-low carbon intensity processes.

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