IonicBlue Receives Up To CAD$100M Investment From Canada Infrastructure Bank Toward Decarbonization Projects
Portfolio Pulse from Benzinga Newsdesk
IonicBlue has received up to CAD$100 million investment from the Canada Infrastructure Bank for decarbonization projects. The funding will support the development of carbon capture and storage technologies.
May 23, 2023 | 2:25 pm
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Apollo Global Management, a major investor in IonicBlue, may benefit from the CAD$100 million investment in decarbonization projects.
As a major investor in IonicBlue, Apollo Global Management stands to benefit from the CAD$100 million investment. The funding will support the development of carbon capture and storage technologies, which could increase the value of IonicBlue and, in turn, Apollo's investment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Johnson Controls, a partner of IonicBlue, may see increased collaboration opportunities due to the CAD$100 million investment in decarbonization projects.
Johnson Controls is a partner of IonicBlue, and the CAD$100 million investment in decarbonization projects could lead to increased collaboration opportunities between the two companies. This may result in new business opportunities and potential revenue growth for Johnson Controls.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50