with recycled carbon emissions; a powerplant in Iceland that uses Climeworks technology to capture COand sequester it in rocks underground through mineralization; and another powerplant in Switzerland, which send the captured emissions to a greenhouse, where it's used as a fertilizer. at its plant in Switzerland, as of 2018.
Carbon Engineering has raised a little over $110 million to date, per PitchBook, and it's backed by powerful investors including the Bill Gates-led fund, Breakthrough Energy Ventures, and oil and gas giants Chevron, BHP, and Occidental. directly out of the air; its tech is not attached to concentrated emissions sources.
As complicated as Carbon Engineering's process sounds, the company published research in 2018 suggesting its cost-per-ton for capturing COis $94 to $232, which is far lower than previous estimates for so-called direct-air capture technology. It's also lower than the cost estimated by competitors in the industry.
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