Innovo and Major Oil Firms Launch $16B Decarbonization Program for Net Zero Goals

Innovo Profitable Net Zero has initiated a $16 billion cross-industry decarbonization program with BP, Chevron, Shell, and other oil and gas companies. The program utilizes Innovo's Smoke2Value algae bio-farms to capture and digest CO₂ emissions, converting them into high-value products like Sustainable Aviation Fuel (SAF) feedstock.

Supported by executed offtake agreements, the initiative targets sectors such as power generation, steel, cement, aluminum, chemicals, plastics, and gas-powered data centers, where traditional decarbonization methods are challenging. Each bio-farm, valued at approximately $400 million, can process over 600,000 tons of CO₂ annually, producing SAF and other co-products without requiring significant capital investment from companies. Innovo's model aims to accelerate decarbonization, enabling industries to meet regulatory and customer expectations effectively.