Caterpillar (CAT) Acquires CarbonPoint Solutions

Caterpillar Inc. (NYSE: CAT) has acquired Enhanced Energy Group, Inc. operating as "CarbonPoint Solutions," a U.S.-based carbon capture technology company. Headquartered in Rhode Island, CarbonPoint Solutions provides technology to concentrate and capture CO2 for utilization or sequestration.

Carbon capture systems using CarbonPoint Solutions' patented processes can be applied to engines and turbines at oil and gas sites, distributed power and industrial plants and waste-to-energy sites.

"Combining CarbonPoint Solutions' patented technology with Caterpillar Oil & Gas solutions enables us to further reduce greenhouse gas emissions while helping our customers meet their climate-related objectives," said Rod Shurman, vice president of Caterpillar's Oil & Gas and Marine Division.

"We are extremely pleased to join Caterpillar and look forward to rapid deployment of the Semi-Closed Cycle and carbon capture for Cat engines and Solar gas turbines," said Paul Dunn, president and founder of CarbonPoint Solutions.

Caterpillar is committed to contributing to a reduced-carbon future. We demonstrate this in many ways including our continued investment in new products, technologies and services to help our customers achieve their climate-related objectives as they build a better, more sustainable world.

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