Mining and construction equipment manufacturer Caterpillar (CAT) revealed that it has acquired Enhanced Energy Group. The acquired company operates as CarbonPoint Solutions and provides technology to concentrate and capture CO2 for utilization or sequestration. After the completion of the deal, CarbonPoint Solutions' patented processes will be applied to engines and turbines at oil and gas sites, distributed power and industrial plants and waste-to-energy sites. The move forms part of Caterpillar’s strategy to ensure a reduced-carbon future.
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Caterpillar (NYSE:CAT)
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