March 3, 2021
Business News

Baker Hughes Signs Agreement to Acquire Compact Carbon Capture Technology to Advance Industrial Decarbonization

HOUSTON & LONDON–()–Baker Hughes (NYSE: BKR) announced today it is acquiring Compact Carbon Capture (3C), a pioneering technology development company specializing in carbon capture solutions. The acquisition underpins Baker Hughes’ strategic commitment to lead in the energy transition by providing decarbonization solutions for carbon-intensive industries, including oil and gas and broader industrial operations.

The advancement of carbon capture technology solutions is widely considered critical to delivering the additional CO2 emissions reduction needed to meet global 2050 climate targets. In the energy and industrial sectors, carbon capture technology is among the most viable decarbonization paths for both…

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