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Direct Air Capture

Direct air capture.
Climate Tech

The Climate Tech Investor Who Won’t Touch DAC

Especially with carbon capture tax incentives on the verge of disappearing, perhaps At One Ventures founder Tom Chi is onto something.

Ideas

The Climeworks Scandal That Wasn’t

Direct air capture isn’t doing everything its advocates promised — yet. That doesn’t make it a scam.

Climate Tech

Exclusive: Occidental Petroleum Buys DAC Startup Holocene

That makes two direct air capture acquisitions for the oil and gas major.

Carbon Removal

The Government’s Carbon Removal Team Has Been Hollowed Out

Widespread federal layoffs bring even more uncertainty to the DAC hubs program.

How Carbon Pipeline Fights Hurt Direct Air Capture

How Carbon Pipeline Fights Hurt Direct Air Capture

A conversation with Kajsa Hendrickson, Carbon180’s director of policy

Technology

Google Locks in Carbon Removal at a Milestone Price: $100 a Ton

DAC startup Holocene has a novel chemistry and backing from Breakthrough Energy and Frontier Climate.

Holocene technology.
<p>Heatmap Illustration/Holocene, Getty Images</p>

Direct air capture companies are in a race to prove they can reduce the cost of removing carbon from the atmosphere down below $100 per ton. Now, one is closing in on the prize with a first-of-its-kind deal.

On Tuesday, Google announced it will pay the startup Holocene $10 million to remove 100,000 tons of carbon from the atmosphere, to be delivered “by the early 2030s.” The tech giant said the price point was made possible by the federal tax credit for carbon sequestration, and its own willingness to cough up the bulk of the funds upfront.

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Project Cypress.
<p>Heatmap Illustration/Project Cypress</p>

Northwest Louisiana is about to be awash in direct air capture. Heirloom announced today that it’s moving its half of the Department of Energy-funded Project Cypress DAC hub from coastal Calcasieu Parish inland to Shreveport — and that it will be building a second facility, capable of removing 17,000 metric tons of carbon dioxide annually, on the same site. Once the two facilities reach full scale, they will have the capacity to suck up a combined 317,000 metric tons of CO2 per year.

Project Cypress, one of two regional DAC hubs that’s been announced thus far, is a partnership between Bay Area-based Heirloom, the Swiss DAC company Climeworks, and project developer Battelle. As per the initial plan, Climeworks will still build out its portion of Project Cypress in southwest Louisiana, and together with Heirloom’s Shreveport plant, the two facilities will pull a combined megaton of CO2 out of the atmosphere every year.

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