SK Buying and selling Worldwide (SKTI), a completely owned subsidiary of SK Innovation, has closed a spherical of institutional funding into electrofuels developer Infinium. (Earlier publish.) The funding will help acceleration of Infinium’s industrial developments globally.
Infinium Electrofuels know-how converts carbon dioxide waste and renewable energy by means of its proprietary course of to create hydrogen-based alternate options to conventional fossil-based fuels. Electrofuels are ultra-low carbon drop-in fuels that can be utilized in in the present day’s infrastructure and engines with out modifications or upgrades.
Infinium electrofuels course of
Electrofuels are rising as a next-generation low-carbon gas various. Infinium’s know-how focuses on manufacturing of liquid gas alternate options for industries which might be challenged with decarbonization in the present day, equivalent to long-haul trucking, marine and aviation.
SKTI’s funding in Infinium is a major step towards the implementation of SK Innovation’s “Carbon to Inexperienced Technique,” introduced final 12 months, and is its first funding within the next-generation inexperienced vitality subject.
