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Brookfield Asset Management Ltd
Symbol BAM
Shares Issued 443,823,447
Close 2024-09-10 C$ 58.11
Market Cap C$ 25,790,580,505
Recent Sedar Documents

Globe/wire say BAM invests in e-fuels start-up Infinium

2024-09-11 09:25 ET - In the News

The Financial Post reports in its Wednesday edition that Brookfield Asset Management is investing up to $1.1-billion in the low-carbon e-fuels start-up Infinium (all figures U.S.). A Bloomberg dispatch to the Post says the Canadian asset manager agreed to invest more than $200-million into Infinium's Project Roadrunner that is under development in West Texas and up to $850-million in other Infinium projects around the world. The deal marks Brookfield's first direct investment in sustainable aviation fuel. California-based Infinium produces its fuels through a process that combines water, waste carbon dioxide and renewable energy. They can be used in place of fossil fuels in planes, ships, trucks and manufacturing. Brookfield will make the investment through its Global Transition Fund. The company will also serve as lead in Infinium's Series C preferred stock offering.

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