Direct Air Capture Industry Aims to Capture One Million Tons of CO2 by 2030

The U.S. Energy Department and Climeworks declined to comment. Occidental didn’t respond to a request for comment.

The company is currently building a plant that it said will be capable of capturing 36,000 tons of CO2 each year, and other startups are looking to build plants capable of grabbing thousands of tons of the greenhouse gas from the air. Even with these efforts, DAC remains costly and requires a large amount of energy.

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Direct Air Capture Industry Strives to Capture One Million Tons of CO2 by 2030The direct air capture (DAC) industry aims to capture one million tons of CO2 annually by 2030. Climeworks, the largest DAC plant operator, is currently building a plant capable of capturing 36,000 tons of CO2 each year. However, DAC remains expensive and energy-intensive, and the industry needs to scale up rapidly to meet the global warming targets set under the Paris Agreement.
Source: financialpost - 🏆 7. / 85 Read more »