Grey Rock Forms Partnership with CarbonCycle to Revolutionize Carbon Capture and Sequestration Platform

In a move that is set to make waves in the energy industry, Grey Rock Investment Partners has announced a groundbreaking partnership with CarbonCycle, LLC. This strategic collaboration aims to inject up to $100 million into CarbonCycle, funding the expansion of their Carbon Capture and Sequestration (CCS) platform. The focus will primarily be on developing projects that target natural gas processing facilities and other industrial emitters. With a combined experience of over 100 years in the energy, engineering, and geological sectors, CarbonCycle's leadership team is well-equipped to drive this innovative initiative forward.

Grey Rock Investment Partners, known for their exceptional expertise in the energy sector, is thrilled about this partnership. "We see a significant opportunity to mitigate carbon emissions and deliver healthy risk-adjusted returns for our partners," said Matt Miller, Co-Founder and Managing Director at Grey Rock. By leveraging CarbonCycle's expertise and partnering with midstream companies and industrial emitters, Grey Rock aims to tackle this unique opportunity head-on.

Under the leadership of CEO Rich DiMichele, a veteran with over 30 years in the energy industry, and EVP of Subsurface, Kent Bowker, who has an impressive 40 years of geology experience, CarbonCycle possesses the necessary skills and industry knowledge to successfully develop world-class CCS projects. Furthermore, Grey Rock's in-house team, with their comprehensive skill set in areas such as subsurface geology, engineering, and land and title, will provide invaluable support to CarbonCycle's project development efforts.

The partnership between Grey Rock and CarbonCycle aligns perfectly with Grey Rock's net zero opportunities fund, which includes leading-edge portfolio companies such as Vault, Conduit, and Rebellion. By focusing on CCS opportunities with midstream and industrial partners, CarbonCycle aims to complement and build upon the achievements of Grey Rock and these other companies.

Carbon Capture and Sequestration (CCS) is a process that involves capturing carbon dioxide (CO2) emissions from industrial sources, converting it into a liquid form, and safely transporting and sequestering it underground. This process significantly reduces the carbon footprint of industrial facilities, while simultaneously supporting global efforts to combat climate change.

Grey Rock Investment Partners is a private equity firm with a strong track record in originating and managing valuable energy investments. With over $1.3 billion in asset value across its private equity fund platform, Grey Rock invests in various sectors of the energy value chain. These include natural resources, carbon capture, industrial electrification, and power optimization. For more information, visit [www.grey-rock.com](https://www.grey-rock.com).

CarbonCycle is a leading CCS developer focused on the development, capitalization, and operation of carbon storage assets throughout North America. Their mission is to partner with natural gas processors and industrial emitters to decarbonize their operations by developing safe and effective solutions for capturing, transporting, and permanently sequestering CO2 underground. For more information, visit [www.carboncycle.com](https://www.carboncycle.com).

In conclusion, the partnership between Grey Rock Investment Partners and CarbonCycle represents a significant milestone in the advancement of Carbon Capture and Sequestration technology. With their combined expertise and commitment to combating climate change, these two innovative companies are poised to revolutionize the energy industry and pave the way for a greener future. Stay tuned for more exciting developments from this dynamic partnership.