8 Rivers Capital Secures $100M Investment from SK Group; Forms Asian JV to Accelerate Global Decarbonization

8 Rivers Capital, LLC announced a USD$100 million investment from SK Group, along with the establishment of an 8 Rivers-SK joint venture to focus on decarbonization of Korean and key Asian markets. 

This investment establishes 8 Rivers as the premier Net Zero solutions company globally for industrial decarbonization, offering innovative solutions that are deployment-ready today and will help drive global decarbonization through 2050.

This represents one of the largest single private investments in a carbon capture solutions provider to date, and was announced at S&P Global's CERA Week by IHS Markit

SK's investment will enable 8 Rivers to expand its world-class innovation and execution team and will accelerate the deployment of 8 Rivers' clean technologies at the pace and scale that customers and governments are now demanding globally.

As a leading South Korean industrial and high-tech conglomerate, SK's technological and engineering capabilities will serve as a force-multiplier for 8 Rivers, while SK will leverage the partnership to deploy clean projects for its domestic and foreign operations.

The 8 Rivers-SK Asia Joint Venture will combine 8 Rivers' technology with SK's regional footprint to deploy clean hydrogen and zero-emissions power projects across major energy centers in the Asia-Pacific region ­—a region that currently emits more carbon each year than the rest of the world combined, and which is central to the world's economy and Net Zero goals.

"Decarbonizing the global economy is both a multi-trillion-dollar business opportunity and, more importantly, an environmental and social necessity," said 8 Rivers CEO Cam Hosie. "I can imagine no better partner than the SK Group to accelerate gigaton-scale deployment of 8 Rivers' clean, net-zero technologies, helping drive economic and social development globally."