April 17th, 2024

ION Clean Energy Announces $45M Investment From Chevron New Energies And Carbon Direct Capital

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By ION Clean Energy

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ION Clean Energy announced that it has raised $45 million from Chevron New Energies, a division of Chevron U.S.A. Inc., who is leading the round, and Carbon Direct Capital. The capital raised will continue to fund ION’s organizational growth and commercial deployment of its ICE-31 liquid amine carbon capture technology for hard-to-abate emissions.

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UCLA’s research team is once again at the NCCC to expand on its initial product testing. In addition to the concrete masonry units (CMU) that were successfully demonstrated in 2021, two more use cases – segmental retaining wall (SRW) and concrete manhole (CM) products – will be demonstrated.

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Heidelberg Materials North America announces a new Front End Engineering Design contract as it continues working to select the carbon capture technology and contractor for providing the CO2 separation solution for its Edmonton, Alberta, Carbon Capture, Utilization, and Storage (CCUS) Project.

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FuelCell Energy, Inc. (Nasdaq: FCEL) and ExxonMobil Technology and Engineering Company (EMTEC) have updated and extended a joint development agreement (JDA) governing the companies’ development of unique technology that captures CO2 emissions directly from industrial sources while producing electricity and hydrogen simultaneously. As a result, access to the technology could be accelerated for commercial customers.

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Rolls-Royce, ASCO Carbon Dioxide Ltd and Landmark Power Holdings Limited have signed a Memorandum of Understanding aimed at developing scalable solutions for clean power generation with carbon capture from mtu gas reciprocating engines. n the picture a 20 cylinder version of mtu Series 4000 gas genset.

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Mizuho Bank, Ltd. has entered into a share subscription agreement with Bison Low Carbon Ventures Inc. and has made a CAD 5 million investment. Bison is a company engaged in the carbon dioxide capture and storage business and also counts Marubeni Corporation among its shareholders. Mizuho Bank has made this investment through our Transition Equity Investment Facility.

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Now in its 40th year, the FEW provides the ethanol industry with cutting-edge content and unparalleled networking opportunities in a dynamic business-to-business environment. As the largest, longest running ethanol conference in the world, the FEW is renowned for its superb programming—powered by Ethanol Producer Magazine —that maintains a strong focus on commercial-scale ethanol production, new technology, and near-term research and development. The event draws more than 2,000 people from over 31 countries and from nearly every ethanol plant in the United States and Canada.View More





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