Climeworks closes a chapter in early carbon removal tech

A direct air capture plant in Iceland
At the base of an Icelandic volcano, Climeworks’ direct air capture plant sucks carbon dioxide from the air and turns it to rock, locking away the main culprit behind global warming. | Photo by HALLDOR KOLBEINS/AFP via Getty Images

Swiss company Climeworks plans to phase out the first-generation technology that made it a pioneer in the business of carbon removal. The move is part of Climeworks’ pivot away from selling its captured carbon dioxide to companies like Coca-Cola. Instead, Climeworks says it will focus on efforts to store the CO2 underground permanently.

Climeworks became the first company to suck carbon dioxide out of the air and sell it as a product back in 2017. That’s when its direct air capture (DAC) plant called Capricorn opened in Hinwil, Switzerland. Beyond being foundational to Climeworks’ continued growth, Capricorn’s mere existence was a major milestone for the brand-new carbon removal industry. Five years later, Capricorn is essentially…

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Author: Justine Calma