UPDATE: 8 Rivers CCS project in $60m capital raise, drops bid for govt funds

Mon, 30 Sep 2019

(Adds GNS comment on NZ storage potential in 22nd paragraph, removes reference to NET Power in 19th.) By Gavin Evans Oct. 1 (BusinessDesk) - The promoter of a $4 billion carbon capture and storage project that would establish a New Zealand fertiliser export industry has abandoned its bid for government support and is raising $60 million privately to advance the initiative. US-based 8 Rivers Capital says it is in talks to raise $60 million to advance the project through to a final investment decision in late 2021. The firm is working wi...

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