Infinium and Kinetik Reach Innovative CO2 Utilization Agreement to Advance eFuels Production [Yahoo! Finance]
Kinetik Holdings Inc. (KNTK)
Company Research
Source: Yahoo! Finance
SACRAMENTO, Calif. April 16, 2024 /PRNewswire/ - eFuels leader, Infinium , has reached an agreement with a subsidiary of midstream energy company Kinetik Holdings Inc. (NYSE: KNTK) ("Kinetik") to purchase carbon dioxide ("CO ") captured from Kinetik's gas gathering and processing system in the Permian Basin for use as a feedstock in the production of ultra-low carbon electrofuels ("eFuels"). Infinium eFuels are created through a proprietary process using waste CO and green hydrogen derived from renewable power. The agreement is unique in its long-term nature and broad decarbonization benefits, providing measurable impacts for transportation alternatives. It provides a model for the industry to rethink how to contract waste streams such as CO for use in solutions that provide beneficial reuse of emissions. "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,
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KNTK
News
- Kinetik Holdings Inc. (NASDAQ: KNTK) had its price target raised by analysts at Mizuho from $39.00 to $42.00. They now have a "buy" rating on the stock.MarketBeat
- Kinetik Holdings Inc. (NASDAQ: KNTK) is now covered by analysts at Barclays PLC. They set an "equal weight" rating and a $40.00 price target on the stock.MarketBeat
- Kinetik Holdings Inc. (NYSE:KNTK) Passed Our Checks, And It's About To Pay A US$0.75 Dividend [Yahoo! Finance]Yahoo! Finance
- Oil, Gold In Focus As Inflation, Tensions Ratchet Up! [Forbes]Forbes
- Kinetik Announces First Quarter Dividend and Financial Results TimingBusiness Wire
KNTK
Earnings
- 2/28/24 - Beat
KNTK
Sec Filings
- 4/8/24 - Form ARS
- 4/8/24 - Form DEFA14A
- 4/8/24 - Form DEF
- KNTK's page on the SEC website