Archrock to Partner with Ionada on Carbon Capture
30 Novembro 2023 - 8:00AM
Archrock, Inc. (NYSE:AROC) (“Archrock”) today announced that
it will serve as the lead investor in a Series A financing round
for Ionada PLC (“Ionada”), a global carbon capture technology
company.
Ionada has developed a post combustion carbon
capture solution that combines proprietary hollow fiber membrane
contactors with proven amine solvents. This modular carbon capture
system is designed and engineered for small to mid-sized industrial
emitters in the energy, marine, and e-fuels industries, among
others. Ionada has conducted extensive research and development and
completed successful testing in a lab setting. Archrock’s
investment is expected to be used primarily for additional research
and development as well as the construction of field demonstration
units.
“Archrock’s investment in Ionada supports our
new ventures strategy of diversifying into complementary businesses
that have the potential to both decarbonize hydrocarbons and create
meaningful long-term value for Archrock and its shareholders,” said
Brad Childers, Archrock’s President and Chief Executive Officer.
“Ionada has significant experience with developing emissions
reduction technology in the marine sector and we are excited to
partner with them on this scalable and cost-efficient carbon
capture technology as Ionada advances into the field demonstration
phase of its technology development. In conjunction with the work
we continue to progress on methane capture, successful application
of this technology in natural gas compression could contribute
meaningfully to the industry’s efforts to reduce emissions. We are
proud to continue Archrock’s mission to lead our industry in
powering a cleaner America.”
Edoardo Panziera, Founder and Chief Executive
Officer of Ionada, said, “We believe Ionada’s carbon capture system
is a practical and economic solution for small-scale carbon capture
in a number of industrial sectors, including the natural gas
compression industry. As the largest outsourced natural gas
compression provider in the U.S., Archrock is an ideal partner for
us. Archrock has deep industry expertise, extensive operating
history and long-standing customer relationships, complementing our
cutting-edge research and development and carbon capture
engineering capabilities.”
Archrock will serve as the lead investor for the
investment round along with a group of strategic investors that
includes Yinson Production and a global shipowner and operator.
These investors join NGIF Cleantech Ventures LP and Halliburton
Company’s (NYSE: HAL) energy and climate technology accelerator,
Halliburton Labs, as shareholders in the company.About
Archrock
Archrock is an energy infrastructure
company with a primary focus on midstream natural gas compression
and a commitment to helping its customers produce, compress
and transport natural gas in a safe and environmentally responsible
way. Headquartered in Houston, Texas, Archrock is the
leading provider of natural gas compression services to customers
in the energy industry throughout the U.S. and a leading
supplier of aftermarket services to customers that own compression
equipment. For more information on how the Archrock embodies its
purpose, WE POWER A CLEANER AMERICA,
visit www.archrock.com.
About Ionada
Ionada is a global climate technology company
committed to reducing greenhouse gas emissions and creating a
sustainable future. The company develops innovative post-combustion
carbon capture systems to capture CO2 emissions from various
industrial processes in oil & gas, thermal power generation,
waste-to-energy, hydrogen, steel, cement, and maritime
industries.
For more information about Ionada’s sustainable
solutions, visit ionada.com
Forward-Looking StatementsThis
press release includes “forward-looking statements” as defined by
the Securities and Exchange Commission. All statements, other
than statements of historical fact, included herein that address
activities, events, developments or transactions that Archrock
expects, believes or anticipates will or may occur in the future
are forward-looking statements. These forward-looking statements
are subject to risks and uncertainties that may cause actual
results to differ materially from expectations, including the
possibility that the anticipated benefits from such activities,
events, developments or transactions cannot be fully realized, the
possibility that costs or difficulties related thereto will be
greater than expected, the impact of competition, and other risk
factors included in Archrock’s reports filed with
the Securities and Exchange Commission. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of their dates. Except as required by law,
Archrock does not intend to update or revise its forward-looking
statements, whether as a result of new information, future events
or otherwise.
For information, contact:
Megan RepineVice President, Investor
Relations(281) 836-8360investor.relations@archrock.com
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