Woodside to invest $10 mn in String Bio for methane recycling

Woodside Energy Group said it would invest $9.9 million in String Bio, a greenhouse gases recycling firm from India to recycle methane in its facilities.

Woodside said the technology of Indian firm could also be deployed at third-party sites.

The investment is a part of Woodside’s goal to spend $5 billion on new energy and low-carbon services by 2030, in line with a global push for cleaner energy, Woodside is armed with cashflow after completing its $28 billion merger with BHP Group’s petroleum arm in June.