Archrock partnering with Ionada on carbon capture

Archrock (AROC) will serve as the lead investor in a Series A financing round for Ionada, a global carbon capture technology company. Ionada has developed a post combustion carbon capture solution designed and engineered for small to mid-sized industrial emitters in the energy, marine, and e-fuels industries, among others. Ionada has conducted research and development and completed testing in a lab setting. Archrock’s investment is expected to be used primarily for additional research and development as well as the construction of field demonstration units. Archrock will serve as the lead investor for the investment round along with a group of strategic investors that includes Yinson Production and a global shipowner and operator. These investors join NGIF Cleantech Ventures LP and Halliburton’s (HAL) energy and climate technology accelerator, Halliburton Labs, as shareholders in the company.