Browsing Tag
Direct Air Capture
30 posts
Climeworks and MOL sign agreement to remove 13,400 tonnes of CO₂ by 2030
Carbon removal firm Climeworks has signed an agreement with Japanese shipping giant Mitsui O.S.K. Lines (MOL) to extract…
XPRIZE awards $100 million for carbon removal innovations
The XPRIZE for Carbon Removal, funded by Elon Musk’s charitable foundation, has awarded $100 million to six companies…
Occidental acquires Holocene Carbon, expanding DAC portfolio
Occidental Petroleum has acquired Holocene Carbon, a Tennessee-based direct air capture (DAC) start-up, marking its second major acquisition…
Occidental granted first U.S. permit to store CO₂ from DAC facility
Occidental Petroleum and its subsidiary 1PointFive have received approval from the U.S. Environmental Protection Agency (EPA) for Class…
US energy department considers major cuts to carbon removal
The US Department of Energy (DOE) is reportedly considering slashing hundreds of millions of dollars in funding for…
Aramco and Siemens Energy launch Saudi Arabia’s DAC test facility
Aramco, in collaboration with Siemens Energy, has unveiled Saudi Arabia’s first direct air capture (DAC) technology testing unit,…
Liverpool FC partners with 1PointFive on carbon-neutral products
Liverpool Football Club (LFC) has partnered with 1PointFive, a US-based carbon capture, utilisation, and sequestration company, to introduce…
United Airlines invests in Heirloom’s direct air capture technology
United Airlines has expanded its decarbonisation strategy with an investment in direct air capture (DAC) firm Heirloom through…
TikTok and Two Drifters strengthen commitments to carbon removal
TikTok has entered a multi-year partnership with Climeworks to integrate engineered and nature-based solutions into its carbon removal…
Microsoft leads carbon removal purchase market: Study
The carbon removal market experienced significant growth in 2024, with the volume of carbon removal credits increasing by…
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