Climeworks signs agreement with US firm to develop 1 Mt/year DAC and storage hub

Published 08:48 on November 22, 2022  /  Last updated at 08:48 on November 22, 2022  /  Americas, EMEA, US  /  No Comments

Swiss direct air capture (DAC) technology firm Climeworks has signed a Memorandum of Understanding (MoU) with a US CO2 sequestration company to develop a DAC and storage hub in Louisiana that would permanently remove up to 1 million tonnes of CO2 per year by 2030, it has announced.

Swiss direct air capture (DAC) technology firm Climeworks has signed a Memorandum of Understanding (MoU) with a US CO2 sequestration company to develop a DAC and storage hub in Louisiana that would permanently remove up to 1 million tonnes of CO2 per year by 2030, it has announced.

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