HTC Purenergy Inc. (HTC.V) said it signed a global licensing agreement with Doosan Babcock Energy of the UK, and Doosan Heavy Industries and Construction of South Korea for carbon capture and storage technology. The licensing agreement includes the right to use carbon capture and storage, products and technologies developed by HTC Purenergy in collaboration with University of Regina's International Test Centre for Carbon Dioxide Capture in Regina, Saskatchewan, Canada.
The company said in conjunction with the licensing agreement, Doosan Babcock and Doosan Heavy will subscribe to a C$10 million private placement for a 15% equity share ownership in HTC Purenergy and a seat on its board. HTC Purenergy intends to use the investment at the University of Regina to integrate leading edge CO2 capture technology and with supplemental engineering resources from Doosan.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.