JX Nippon, 8 Rivers Capital partner to decarbonise hydrogen and power sectors

The partnership will help 8 Rivers to scale its clean energy business across the globe.

JX Nippon Oil & Gas Exploration Corporation, JX Nippon Oil Exploration (USA) Limited and 8 Rivers Capital, LLC have agreed to accelerate the decarbonisation of power and hydrogen generation globally.

JX has established proven track records in several CCUS projects, such as a CO2 injection pilot test in Vietnam and the Petra Nova CCUS Project utilising CO2 captured from a thermal power plant in Texas, US.

8 Rivers was the inventor of the zero-carbon power generation system being commercialised by NET Power, LLC.  It is also the developer of clean hydrogen and ammonia technology, 8RH2, and a suite of industrial decarbonisation technologies, including the TarT sour-gas treatment system and net-zero solutions for steel production, direct air capture, and point-source carbon capture.

The partnership will also support 8 Rivers to accelerate the scaling of its clean energy business globally, leveraging JX’s global footprint, expertise and decarbonisation goals to accelerate the deployment of zero-emissions power and hydrogen.

Cam Hosie, CEO of 8 Rivers, said, “This global collaboration with a market-leading energy firm leveraging cutting-edge decarbonisation technologies will help enable gigaton-scale carbon reductions.”

Hiroshi Hosoi, CEO of JX, added, “JX is delighted to engage with 8 Rivers on decarbonisation, underpinning JX’s conviction that CCUS will play a vital role in the realisation of carbon neutrality.”

Shahkar Ali

Shahkar is the regional representative for Asia covering the hydrogen industry for H2 Bulletin. Please click on the email icon to contact him directly via email or follow him on social media.
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