Brookfield Invests $1.1 Billion in Green Fuel Maker Infinium (1)

Brookfield Asset Management Ltd. is investing up to $1.1 billion in the low-carbon e-fuels startup Infinium.

The Canadian asset manager agreed to invest more than $200 million into Infinium’s Project Roadrunner that’s under development in West Texas and up to $850 million in other Infinium projects around the world, according to a statement Tuesday.

The deal marks Brookfield’s first direct investment in sustainable aviation fuel. California-based Infinium produces its fuels through a process that combines water, waste carbon dioxide and renewable energy. They can be used in place of fossil fuels in planes, ships, trucks and manufacturing.

While ...