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Sep 18, 2024

8 Rivers Secures Investment from JX Nippon for DAC Technology

8 Rivers Capital, LLC announced an investment from JX Nippon Oil Exploration Limited, an affiliate company of JX Nippon Oil & Gas Exploration Corporation into 8 Rivers’ proprietary Calcite direct air capture (DAC) solution. This funding will support the deployment of 8 Rivers' Calcite DAC solution as it moves from pilot into commercial project development.

8 Rivers Capital, LLC, a world-leading decarbonization technology and project developer has embarked on the development of a zero-emissions turbine that will create electricity (~270MWe) from captured carbon dioxide with Siemens Energy, one of the world’s leading energy technology companies.

8 Rivers Capital, LLC announced it is developing the Cormorant Clean Energy Project, an ultra-low-carbon ammonia production facility in Port Arthur, Texas. The Cormorant project will be powered by 8 Rivers’ proprietary 8RH2 hydrogen process, representing the first commercial deployment of the technology.

Southeast DAC Hub Team wins DOE funding, with Calcite to design a facility to capture 50,000 tons per year of CO2 from air in Mobile County, Alabama.

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