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HOUSTON, April 13, 2021 /PRNewswire/ -- As rapidly falling costs in key energy sectors have made renewable power cheaper to build than fossil power plants are to run, Energy Transition Ventures (ETV) has launched as the first venture fund in Texas exclusively dedicated to investing in energy transition technologies. Founded in the world's energy capital by cleantech startup executives and venture capitalists Craig Lawrence and Neal Dikeman, with anchor investment from two operating companies from the GS Group of Korea, the fund is investing in early stage startups in North America. Investments will focus on companies driving or benefitting from the energy transition off fossil fuels, across categories including distributed energy, electrification, mobility, and resource efficiency. ETV closed its first capital in February this year, completed its first investment in March, and is expected to close new investors for a total fund size of $75 million.

HOUSTON, April 13, 2021 /PRNewswire/ -- KBR, Inc. (NYSE: KBR) announced that it has signed a license agreement with JS Energy Limited for its proprietary K-PRO™ Propane Dehydrogenation (PDH) technology to convert propane into propylene for JS Energy's planned PDH project in Pakistan, which is expected to be commissioned in 2024.