Infinium, a producer of ultra-low carbon electrofuels ("eFuels"), has entered into an agreement with a subsidiary of Kinetik Holdings, a midstream energy company, to purchase carbon dioxide captured from Kinetik's gas processing system in the Permian Basin.
According to a release by Infinium, the captured carbon dioxide will be used as a feedstock in the production of Infinium's innovative eFuels, which are manufactured using waste carbon dioxide and green hydrogen from renewable power sources. By repurposing carbon dioxide captured from Kinetik's operations, Infinium aims to reduce greenhouse gas emissions associated with air transportation while advancing the development of low carbon technologies.
"There are many roles to be played in the energy transition, and this partnership shows that eFuels production and utilization is truly a win-win for all in the energy industry," said Infinium CEO Robert Schuetzle in the release. "It's great to welcome Kinetik into our community of companies seeking beneficial reuse solutions for its CO2. The agreement demonstrates major progress and shows Kinetik's leadership relative to the existing traditional oil and gas sector's carbon emissions strategies."
As part of the agreement, a subsidiary of Kinetik will allocate carbon dioxide from one of its amine gas processing facilities in West Texas to Infinium for use in Project Roadrunner, the company's second eFuels project. Project Roadrunner aims to deliver sustainable aviation fuel ("eSAF") to both domestic and international markets, offering a viable solution for reducing lifecycle greenhouse gas emissions in the aviation sector.
"Our partnership with Infinium reinforces Kinetik's commitment to sustainability and our role as an agent for change,” said Kinetik President and CEO Jamie Welch in the release. “As the first step of Kinetik's New Energy Ventures, I am excited to announce our participation in Project Roadrunner and strongly support Infinium's mission to significantly reduce carbon emissions. Kinetik remains committed to further decarbonize our footprint and advance new low carbon technologies as part of our strategy of 'energy for change.
"Kinetik is headquartered in Midland and operates as a fully integrated midstream corporation, providing gathering, transportation, and processing services for natural gas, natural gas liquids, crude oil, and water in the Permian Basin, according to their website.
For more information about Infinium and Kinetik, visit: https://www.infiniumco.com/ and https://www.kinetik.com/.