Cenovus invests in Skyonic Corp.

By OGJ editors

Cenovus Energy Inc. invested $2.5 million in Skyonic Corp., a company that develops technology to turn carbon dioxide emissions into profitable products.

Skyonic of Austin, Tex., is deploying its technology at a full-scale commercial facility.

The investment was made through the Cenovus Environmental Opportunity Fund, which makes strategic investments in companies pursuing technological innovations for the energy industry. The fund is a wholly-owned subsidiary of Cenovus.

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