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Greenhouse Gases
8 Rivers advances its decarbonization ambitions with investment from SK and a deal with Johnson Matthey
by Craig Bettenhausen
March 19, 2022
| A version of this story appeared in
Volume 100, Issue 10
The decarbonization technology company 8 Rivers Capital has won a $100 million investment from SK Group and signed a deal with Johnson Matthey to integrate the two firms’ hydrogen technologies. 8 Rivers is developing the Allam-Fetvedt power generation cycle, which burns carbon-based fuels in a pure-oxygen reactor using CO2 as the working fluid. CO2 capture is facilitated by eliminating the need to separate it from nitrogen gas. The SK investment is the largest in a carbon-capture provider to date, SK and 8 Rivers say.
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