Climeworks, a Direct Air Capture (DAC) technology developer, has announced plans to establish a DAC facility in southwest Louisiana as part of the Project Cypress DAC Hub. The company will leverage an additional $50 million in private funding to match the initial $50 million grant from the US Department of Energy, aiming to build one of the world’s largest DAC hubs.
This initiative is expected to create 140 new direct jobs with an average annual salary of $123,000, alongside an estimated 800 construction jobs. Louisiana Economic Development (LED) projects the creation of 329 indirect jobs, totaling 469 new jobs in the southwest region. “We are excited about the unique opportunity this project represents for the workers of southwest Louisiana,” LED Secretary Susan B. Bourgeois said.
Climeworks Chief Project Development Officer Daniel Nathan said, “The state’s long history in manufacturing and industrial processes has made for a workforce ideal for supporting the needs of a Direct Air Capture hub – jobs that will be additive to the companies with a longstanding presence in the area.”
DAC technology captures CO₂ directly from the atmosphere, unlike traditional carbon capture methods, which are applied at emission sources. Climeworks is in discussions to partner with a service provider for the secure underground storage of CO₂ at a carbon sequestration site yet to be finalized. The company plans to make its final investment decision and begin construction in Q3 2026, with production at the new facility slated to start by late 2027.
