The two companies have also established a joint venture company that will operate in Asia, where growth opportunities for net zero initiatives are expected to receive more impetus from governments and industry in the coming years.
8 Rivers offers a wide range of technologies for carbon capture, carbon removal and hydrogen production. The company also has proprietary tech such as the 8RH2 clean hydrogen technology and the Allam-Fetvedt Cycle power generation system.
All of these could be set for wide adoption if the partnershup manages to make the most of SK’s reach in a region that emits more emissions than the rest of the world.
Last but not least, SK will also leverage the newly formed relationship to decarbonize its own operations both at home in South Korea and abroad.
8 Rivers CEO Cam Hosie commented on the investment by saying: “Decarbonising the global economy is both a multi-trillion-dollar business opportunity and, more importantly, an environmental and social necessity.”
Below you can watch a video from 2019 in which Bill Brown, Executive Chair, Co-Founder and CTO of 8 Rivers Capital talks about the zero emissions power plant the company launched in La Porte, Texas.