CIP to Invest $500 Million in BKV Carbon Capture Joint Venture

BKV Corp. and a clean energy-focused investment fund of Copenhagen Infrastructure Partners have agreed to form a joint venture to expand carbon-capture projects in the US.

Denmark-based CI Energy Transition Fund I has committed $500 million for up to a 49% stake in the venture. Denver-based BKV, a $1.6 billion market-cap firm owned by controlling shareholder Banpu Pcl, will roll two of its carbon capture projects into the venture, according to a statement reviewed by Bloomberg News.