Global carbon capture technology company Ionada has taken on Archrock, a natural gas compression and equipment provider, as the lead investor in a Series A financing round, according to a news release.
“Ionada has developed a post combustion carbon capture solution that combines proprietary hollow fiber membrane contactors with proven amine solvents,” the release states. “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.”
Archrock’s investment is expected to be used primarily for additional research and development as well as the construction of field demonstration units.
Other strategic investors include Yinson Production and an unnamed global shipowner and operator, the release states. They join NGIF Cleantech Ventures LP and Halliburton Labs as shareholders in the company.
Ionada has offices in Houston, Calgary and London, as well as Hamburg, Germany and Stabekk, Norway.
