Chevron Invests in Carbon Capture and Removal Technology Company, ION Clean Energy
Chevron New Energies (CNE), a division of Chevron U.S.A. Inc., announced a lead investment in ION Clean Energy (ION), a Boulder-based technology company that provides post-combustion point-source capture technology through its third-generation ICE-31 liquid amine system.
- Chevron New Energies (CNE), a division of Chevron U.S.A. Inc., announced a lead investment in ION Clean Energy (ION), a Boulder-based technology company that provides post-combustion point-source capture technology through its third-generation ICE-31 liquid amine system.
- 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.
- We believe collaborations like this are essential to our efforts to grow carbon capture on a global scale.”
“We have truly special solvent technology. - “This capital allows us to accelerate the commercial deployment of our carbon capture technology.”
This investment in ION expands Chevron’s technology portfolio to include conventional amine-based capture technology while complementing an existing portfolio of CCUS technologies.