Archrock led a Series A funding round in Ionada.

Archrock, a provider of natural gas compression services, led a Series A funding round in Ionada, a global carbon capture technology company, with participation from Yinson Production. Financial terms were not disclosed. “Archrock’s investment in Ionada supports our new ventures strategy of diversifying into complementary businesses that have the potential to both decarbonize hydrocarbons and create meaningful long-term value for Archrock and its shareholders. Ionada has significant experience with developing emissions reduction technology in the marine sector and we are excited to partner with them on this scalable and cost-efficient carbon capture technology as Ionada advances into the field demonstration phase of its technology development. In conjunction with the work we continue to progress on methane capture, successful application of this technology in natural gas compression could contribute meaningfully to the industry’s efforts to reduce emissions. We are proud to continue Archrock’s mission to lead our industry in powering a cleaner America,” Brad Childers, Archrock President and CEO.