CarbonPoint acquired by Caterpillar

Posted on September 16, 2021

US carbon capture company CarbonPoint Solutions has been acquired by construction manufacturing giant Caterpillar.

Caterpillar added the company, also known by its group-name Enhanced Energy Group, to its portfolio to help reach the company’s climate goals, according to Rod Shurman, Vice President, Oil & Gas and Marine Division, Caterpillar.

He added, “Combining CarbonPoint Solutions’ patented technology with Caterpillar Oil & Gas solutions enables us to further reduce greenhouse gas emission while helping our customers meet their climate related objectives.”

The Rhode Island-based CarbonPoint Solutions works to provide carbon capture solutions to the energy industry, in addition to utilisation and/or storage.

Paul Dunn, President, Founder, CarbonPoint Solutions said that the company is looking forward to the rapid deployment of the carbon capture techniques for Caterpillar engines.

Source

It's on us. Share your news here.
Submit Your News Today

Join Our
Newsletter
Click to Subscribe