Ionada, a pioneer in advanced carbon capture technology, achieves a significant milestone with the successful completion of the first closing of their Series A investment round with lead investor Archrock, an energy infrastructure company with a primary focus on natural gas compression, along with a group of marine and offshore industry investors.
With this partnership, Ionada believes it is poised to provide customers with a comprehensive wellhead-to-wellhead energy extraction and CO2 sequestration solution, reinforcing our commitment to advancing innovative emissions reduction strategies.
Archrock’s strategic investment underscores a belief in the transformative potential of Ionada’s technology on emissions reduction. Brad Childers, Archrock’s President and Chief Executive Officer, expressed enthusiasm about the investment, stating, “We are excited to invest in Ionada, a company at the forefront of advanced carbon capture technology as we continue to position Archrock to reduce emissions across the oil and gas industry. This partnership builds on our new ventures strategy and commitment to supporting our customers with economically and environmentally sustainable solutions.”
Ionada’s technology, which is believed to be capable of reducing carbon emission by more than 95% based on the current phase of in-lab studies, has the potential to revolutionise carbon capture and sequestration within the energy sector.
Edoardo Panziera, CEO of Ionada, emphasised the significance of Archrock’s support, stating “Applying carbon capture to the production of hydrocarbons will play a key role in achieving meaningful carbon emission reductions and decarbonising energy. Archrock, with its extensive energy and natural gas industry experience, and long-standing customer relationships, will be fundamental to accelerating Ionada’s commercialisation and growth, creating value for Ionada and its stakeholders. Archrock’s investment supports Ionada’s position as a key player in carbon capture. We are honoured to partner with Archrock and believe this key milestone will facilitate meaningful advances in our innovative technology.”
Strategically positioned at the crossroads of the energy production and marine markets, Ionada enhances the energy industry’s capacity to provide sustainable solutions. Our mission to revolutionise emissions reduction is further strengthened by the collective expertise and support from Archrock, as well as our commercial shipping and offshore partners.