Infinium has entered into a strategic alliance with Denbury to collaborate on developing ultra-low carbon fuels projects in the state of Texas. Infinium electrofuels facilities being developed in Brazoria County will convert renewable power into green hydrogen and combine it with industrial-sourced CO₂ to produce ultra-low carbon fuels using Infinium proprietary technology.

"The transportation industry is responsible for a significant portion of global carbon emissions, and Infinium's ultra-low carbon electrofuels solutions are a powerful tool to combatting climate change," said Robert Schuetzle, CEO of Infinium. "Infinium fuels are instant replacements for traditional jet and diesel fuel that may be used directly in planes, ships and truck fleets without changes in infrastructure or engine design. We are thrilled to enter into this strategic alliance with Denbury and to have the opportunity to reuse industrial CO₂ waste for clean fuel production."

Under the strategic alliance, Denbury will source and transport CO₂ to the Infinium facilities, which are planned to be sited near Denbury's existing and planned CO₂ pipeline infrastructure. Denbury estimates that the pipeline infrastructure necessary to deliver CO₂ to the Infinium facilities will be ready as early as 2025. The facilities are anticipated to utilize 1.5 MMtpy of CO₂ that would otherwise be emitted into the atmosphere. 

"Our agreement with Infinium is another exciting opportunity for Denbury to partner with a company that is aligned with our strategy to develop world-leading carbon solutions, and we welcome the opportunity to potentially invest alongside Infinium in these projects," said Chris Kendall, Denbury's President and CEO. "This innovative and highly scalable utilization of industrial-sourced CO₂ will be an important element in the spectrum of solutions that Denbury can offer to industrial CO₂ emitters. Infinium's ultra-low carbon intensity electrofuels produced using industrial-sourced CO₂ will provide a powerful tool to reduce the carbon intensity of transportation in our country and the world."