Apollo Investment Corporation (NASDAQ: AINV) is a leading specialty finance company that has increased equity in Carbonfree Chemicals that operates in the carbon management sector, and now owns 27% of the company.
According to Apollo’s management, the investment in Carbonfree is an investment in the company’s proprietary carbon capture technologies and its chemical plant. The company is benefiting from a strong interest in carbon capture, utilization and storage (CCUS) and Apollo is eyeing those developments.
Apollo Investment considers Carbonfree Chemicals a leader in this space, as evidenced by partnerships announced during the quarter, which demonstrate market acceptance for its technology.
Relevant: BayoTech, CarbonFree Will Explore Green Hydrogen With Carbon Capture
Carbonfree is a company that produces proprietary technologies that capture and reduce carbon emissions. It makes chemicals like limestone and baking soda for sale or for long-term storage.
Its SkyCycle technology provides a complete CCUS solution, solving the high cost of transport and storage infrastructure. Carbonfree’s SkyMine is the world’s first and largest industrial-scale carbon mineralization facility. It captures up to 50,000 tons of CO2 from cement flue gas and transforms it into carbon-negative baking soda.
The company’s business could also benefit from the current US administration that focuses on climate change mitigation and financing of emissions reductions technologies.
Relevant: Biden’s 2022 Budget Is First To Include Carbon Capture And Removal
