Infinium And Kinetik Reach Innovative CO2 Utilization Agreement To Advance eFuels Production
Portfolio Pulse from Benzinga Newsdesk
Infinium and Kinetik Holdings Inc. (NYSE:KNTK) have entered into a long-term agreement for the purchase of CO2 for eFuels production. This partnership aims to advance decarbonization in heavy transport and chemical industries by utilizing CO2 from Kinetik's Permian Basin operations for Infinium's Project Roadrunner, which focuses on producing sustainable aviation fuel (eSAF). The agreement highlights both companies' commitment to sustainability and the reduction of carbon emissions, with Kinetik dedicating CO2 from its West Texas facility and Infinium receiving a $75 million equity commitment from Breakthrough Energy Catalyst.
April 16, 2024 | 12:02 pm
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Kinetik Holdings Inc. partners with Infinium for CO2 utilization in eFuels production, marking a significant step in sustainability and decarbonization efforts.
The partnership with Infinium positions Kinetik Holdings Inc. as a leader in sustainability and decarbonization within the energy sector. By dedicating CO2 from its operations for eFuels production, KNTK is not only advancing its commitment to reducing carbon emissions but also potentially benefiting from the growing demand for sustainable aviation fuels and other low-carbon products. This innovative approach could enhance Kinetik's reputation, open new revenue streams, and positively impact its stock price in the short term.
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