Swiss company Climeworks announced in a statement that it successfully removed carbon dioxide from the air and stored it underground through a process verified by an independent third-party auditor. This success also represents a first...
READING NOW Swiss company Climeworks breaks new ground by collecting carbon dioxide from the atmosphere
The carbon capture industry is evolving
Climeworks’ carbon removal technology has actually been in development for a long time. Founded in 2009, Climeworks uses and scales direct decarbonization (DAC) technology that enables machines to vacuum greenhouse gases from the air. According to the press release, Climeworks’ carbon removal technology and process has also been approved with the third-party auditor firm.
Climeworks’ largest carbon dioxide capture facility is located in Iceland, where it partners with CarbFix, which stores the gas underground. CarbFix dissolves the collected carbon dioxide and then mixes it with the basalt rock formation. With the subsequent natural process, it turns into solid carbonate minerals in about two years.
Technology is still too young and expensive
In June, Climeworks began construction of its second commercial-size facility in Iceland with a capacity of 36,000 metric tons per year. The company aims to reach a capacity of one million tons per year by 2030 and 1 billion tons by 2050. But even when this facility is completed, it will still account for a small percentage of the total global carbon dioxide emissions released into the air each year. According to the International Energy Agency, a record 36.3 billion metric tons of carbon dioxide was released into the atmosphere in 2021 alone.
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