![]() Last month, Climeworks announced that it was exploring potential direct air capture and storage projects in Kenya. In August, the US Department of Energy Funding selected three projects Climeworks is involved with to receive funding under the agency’s Regional DAC Hubs program. The company will likely announce additional carbon deliveries, and more carbon removal contracts, in the coming months and years. To build confidence in its technology, Climeworks must continue to deliver on its early contracts and grow its customer base. To reach that goal, it plans to launch several commercial DAC projects in the US and other countries in the coming years. By 2030, the company aims to remove more than a million tons of carbon from the atmosphere each year. Also located in Iceland, Mammoth should have the capacity to pull up to 36,000 metric tons of CO 2 from the atmosphere each year.įrom there, Climeworks plans to go even bigger. Within the next year, it expects to finish construction of its second DAC-plus-storage facility, called Mammoth. CarbonCapture’s systems capture atmospheric CO 2 for either permanent removal or for utilization in low-carbon synthetic fuels, concrete, and other industrial products.Climeworks is operating on a small scale today: its Orca plant in Hellisheidi, Iceland, can remove up to 4,000 metric tons of CO 2 from the atmosphere each year. ![]() With a ground-breaking modular open systems architecture, the company’s technology platform allows for plug-and-play upgrades, mass production, unlimited scalability, and rapid technology iterations. They’re not only providing exceptional thought leadership in the sustainability and carbon removal space,” said Adrian Corless, CarbonCapture’s CEO and CTO, “they’ve also stepped up and shown their commitment to the DAC industry by making a major purchase of carbon removal credits.”īCG: Eric Gregoire About CarbonCapture Inc.ĬarbonCapture develops and deploys direct air capture (DAC) machines that can be connected in large arrays to remove massive amounts of CO 2 from the atmosphere. “We’re extremely pleased to be working closely with BCG. Investment is needed now to grow the carbon removals market, and it is critical that companies provide early support to the DAC sector-and other high quality pioneering removal technologies-to help them scale and drive costs down in the long term.ĬarbonCapture’s technology platform offers multiple benefits, including unique modular hardware that can be mass produced and an open architecture that enables the optimization of sorbents across different climates.ĬarbonCapture is currently developing Project Bison, a large DAC facility in Wyoming that will include a phased rollout plan to capture and store five million tons of atmospheric carbon dioxide per year by 2030. BCG is committed to this effort, and we are pleased to partner with CarbonCapture to make it happen.”Īccording to the Intergovernmental Panel on Climate Change (IPCC), limiting global warming to 1.5 degrees Celsius requires a rapid reduction in global emissions, combined with the cumulative removal of tens to hundreds of gigatons of carbon dioxide by 2100. This requires early investment and long-term corporate commitments today. “Rapid innovation and scaling are needed to help reach its future potential. ![]() “Carbon dioxide removal is critical to achieve net zero emissions globally, and DAC is a very promising technology,” said David Webb, BCG’s chief sustainability officer. This represents the second largest publicly announced global direct air capture (DAC) offtake deal by volume, and the largest in the professional services industry globally. ![]() The 40,000-ton carbon removal agreement with CarbonCapture will span a five-year period, supporting BCG’s commitment to achieve net zero climate impact by 2030. (CarbonCapture), a leading direct air capture (DAC) company, announced today a partnership that covers both BCG’s purchase of CarbonCapture’s atmospheric carbon dioxide removal services as well as an intention to support CarbonCapture’s business strategy through BCG’s management consulting services. ![]()
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