Climate Finance | March 9, 2022

South Korea’s SK Group invests $100 million in 8 Rivers’ cleantech solutions

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, March 9 — Seoul-based conglomerate SK Group has pledged to help reduce 200 million tons of carbon emissions in South Korea and the Asia-Pacific region by 2030.

The investment in Durham, N.C.-based 8 Rivers, which specializes in green hydrogen, direct air capture, biomass, carbon removal and other net-zero technologies, will establish a joint venture to deploy projects in Asia. 

“Decarbonizing the global economy is both a multi-trillion-dollar business opportunity and, more importantly, an environmental and social necessity,” said 8 Rivers’ Cam Hosie.