BAKU, Azerbaijan, April 6. Chevron New Energies
(CNE), part of Chevron U.S.A. Inc., has announced a significant
investment in ION Clean Energy (ION), a technology company based in Boulder,
as reported by Trend.
ION specializes in a technology known as ICE-31, which is designed to capture
carbon emissions post fuel combustion. CNE spearheaded a funding round that
raised $45 million for ION. This funding will support ION in expanding and
implementing its carbon capture technology, ICE-31, to address
difficult-to-capture emissions.
CNE intends to utilize ICE-31 to assist clients facing challenges related to
large but diffuse CO2 emissions. Additionally, this investment opens up
opportunities for CNE to collaborate with ION’s customers on initiatives aimed
at accelerating the adoption of the technology.
“We have a truly exceptional solvent technology. It boasts high capture
efficiency, low energy consumption, and exceptional resistance to degradation,
all while emitting virtually undetectable levels of emissions. This unique
combination sets us apart from the competition. Chevron’s investment is a
testament to the dedication of our team and the potential of our technology,”
stated ION’s founder and Executive Chairman, Buz Brown.
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