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.
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August Newsletter
Fuels
World’s first ethanol-capable engine passes R&D testing for very large ore carrier
LNG
LR awards approval in principle to Chinese yard for 12,500-cbm LNG bunker vessel design