Brookfield to Invest Up to $1.1 Billion in Infinium to Scale Ultra-Low Carbon eFuels
Brookfield Asset Management Inc Class A Limited Voting Shares (BAM)
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bam.brookfield.com/en
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Source: PR Newswire
New investments secured for Infinium and company's Project Roadrunner production plant to accelerate availability of sustainable aviation fuelSACRAMENTO, Calif., Sept. 10, 2024 /PRNewswire/ -- Infinium, the world's first producer of commercially available ultra-low carbon eFuels, and Brookfield Asset Management (NYSE: BAM, TSX: BAM) ("Brookfield") today announced a strategic funding partnership to accelerate the growth of Infinium's eFuels platform. Infinium eFuels—which includes eSAF, a next generation sustainable aviation fuel—can reduce lifecycle greenhouse gas emissions by approximately 90% or more compared to today's conventional fuels.Under the terms of the deal, Brookfield has committed to invest more than $200 million in Infinium and Infinium's Project Roadrunner that is under development in West Texas and up to an additional $850 million for deployment of other Infinium eFuels projects globally, all subject to pre-agreed metrics. The investment will be made by the first vinta
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