Caterpillar Inc. (NYSE: CAT) has acquired Enhanced Energy Group Inc., which operates as CarbonPoint Solutions, a U.S.-based carbon capture technology company.
The target’s processes can be used in engines and turbines at oil and gas sites, power and industrial plants and other 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.