(Bloomberg) — South Korea’s SK Group has established a joint venture with 8 Rivers Capital LLC to help deploy clean hydrogen and zero-emissions power projects across the Asia-Pacific region.
SK Group is also investing $100 million in 8 Rivers Capital, the Durham, North Carolina-based firm said Monday in a statement. The backing from the Seoul-based company is intended to help 8 Rivers expand and accelerate deployment of its clean technologies.
Carbon capture is widely seen as a key technology in the fight against climate change. Some such systems trap carbon dioxide, which can then be stored underground or sold to drillers to help them pump oil and natural gas.
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