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Texas-based Denbury has entered into a strategic alliance with Infinium, a clean fuels innovator, to collaborate on developing ultra-low carbon fuels projects in the state of Texas, the companies announced Feb. 24.
Infinium electrofuels facilities being developed in Brazoria County will convert renewable power into green hydrogen and combine it with industrial-sourced CO2 to produce ultra-low carbon fuels using Infinium proprietary technology, the press release stated.
"Our agreement with Infinium is another exciting opportunity for Denbury to partner with a company that is aligned with our strategy to develop world-leading carbon solutions, and we welcome the opportunity to potentially invest alongside Infinium in these projects," said Chris Kendall, Denbury's President and CEO. "This innovative and highly scalable utilization of industrial-sourced CO2 will be an important element in the spectrum of solutions that Denbury can offer to industrial CO2 emitters. Infinium's ultra-low carbon intensity electrofuels produced using industrial-sourced CO2 will provide a powerful tool to reduce the carbon intensity of transportation in our country and the world."
"Reducing the emissions profile of the Gulf Coast, and around the world, is a tremendous opportunity and the right thing to do for our economy and environment," added Schuetzle.
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