Mitsubishi invests in electrofuels company
Mitsubishi Heavy Industries (MHI) recently announced that it has invested in Infinium, an electrofuels solution provider, to accelerate efforts to decarbonise the transportation sector. Infinium offers market-ready, renewables-based electrofuels solutions that can decarbonise transportation.
MHI now joins a consortium of investors including Amazon's Climate Pledge Fund, AP Ventures, Neuman & Esser Investments, and the Grantham Foundation.
Infinium's technology enables the production of Electrofuels, a clean fuel allowing organisations to meet carbon reduction goals while pacing the transition away from fossil fuels. Converting CO2 and renewable power into net-zero carbon fuels, Electrofuels can be used in today’s air, maritime, and surface transportation fleets.
New business mandates including corporate climate commitments and ESG investing have increased the demand for low-carbon transportation alternatives. Infinium's Electrofuels are drop-in replacements for traditional petroleum-derived products. Their fuel enables the commercial transportation industry and logistics operators to make a solid impact on carbon reduction targets without capital and time-intensive upgrades to transportation infrastructure.
Infinium is also developing commercial applications of its technology with strategic partners to build Electrofuels production plants, focusing first in markets where low-cost renewable power generation coincides with large CO2 volumes.
Written from a company news release.