Cross Carbon Ventures Announces Formation of Carbon Capture Development Partnership
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Friday, July 30, 2021
Alternative energy, Energy, Other Energy, Articles, Energy, Resource economics, Energy economics, Carbon capture and sequestration, Climate change policy, Emissions reduction, Environmental impact of the energy industry, Steelmaking, Low-carbon economy, Sustainable energy, Carbon capture, Svante, Enbridge, Cross River Infrastructure Partners, OTS, SVANTE, ENBRIDGE, CROSS RIVER INFRASTRUCTURE PARTNERS, OTS
Svante Inc., Enbridge Inc. (TSX: ENB) (NYSE: ENB), Cross River Infrastructure Partners LLC, and OTS Ltd., have entered into a commercial Memorandum of Understanding that establishes Cross Carbon Ventures (CCV), an independent carbon capture development partnership.
Key Points:
- Svante Inc., Enbridge Inc. (TSX: ENB) (NYSE: ENB), Cross River Infrastructure Partners LLC, and OTS Ltd., have entered into a commercial Memorandum of Understanding that establishes Cross Carbon Ventures (CCV), an independent carbon capture development partnership.
- CCV will explore commercial opportunities in North America to develop, build, own and operate carbon capture projects for carbon intensive industries seeking to decarbonize their operations.
- CCV will target the decarbonization of emissions by heavy industries including cement, steelmaking, petroleum refining, and large-scale hydrogen production through the development of point-source carbon capture projects.
- Cross River Infrastructure Partners LLC is a platform of development companies deploying industry-leading climate technologies and sustainable infrastructure projects across carbon capture and carbon utilization, sustainable protein, clean fuels and clean energy.