Prime Movers Lab led the Series A investment. “This funding, in combination with our transformative technology, world-class team, and top-tier commercial partners, provides us with all of the necessary ingredients to quickly become the leading DAC company in the U.S.” Corless was formerly CEO of Canadian DAC company Carbon Engineering, where he successfully piloted the firm’s technology and built the company into a recognized leader in atmospheric carbon capture and synthetic fuels production. “I’m incredibly excited about the opportunity to lead CarbonCapture,” said CEO Adrian Corless. Moreover, they are already manufactured in very large quantities for multiple industrial applications, eliminating a major barrier to economically scaling DAC to gigaton levels. A class of molecular sieves, zeolites are inorganic, inexpensive, long-lasting, and non-toxic. To address this urgent need, CarbonCapture has developed a set of technical innovations that enable, for the first time, the use of zeolites for capturing CO 2 as part of a commercial DAC system. (TSX: TLO).Īnalyses by the UN Intergovernmental Panel on Climate Change show that humanity must remove billions of tons of CO 2 from the atmosphere in order to keep global warming to less than 2☌. CarbonCapture will use the funds to accelerate product development efforts and to establish initial deployments of its renewable energy-powered Direct Air Capture (DAC) systems in locations throughout the U.S., starting with the Tamarack Nickel Project in central Minnesota in partnership with Rio Tinto PLC (LSE: RIO) and Talon Metals Corp. (CarbonCapture), a climate tech company that makes machines that remove CO 2 directly from the atmosphere, today announced the closing of a $35 million Series A funding round and the appointment of Adrian Corless as CEO. In addition to our mangrove initiative Aramco is working on other nature-based solutions such as developing algae ponds and photo bioreactors that are expected to reduce thousands of tons of CO 2 emissions from across our operations.PASADENA, Calif.-( BUSINESS WIRE)-Carbon Capture Inc. Our mangrove plantation initiative to restore lost mangrove habitats in the Kingdom’s coastal areas is a voluntary sustainability community initiative to protect the natural habitats and ecosystems our company relies on. Mangrove trees act as an effective, natural carbon sink. In line with CCE, Aramco’s initiative to protect, plant and restore millions of mangrove trees inside and outside the Kingdom will absorb carbon and enhance biodiversity, while also prioritizing water conservation, treatment and reuse. Nature-based solutions also play an important role in removing carbon as part of the Circular Carbon Economy (CCE) - the framework promoted by the Kingdom and adopted by the G20 member states during Saudi Arabia’s presidency of the G20. Alternatively, CO 2 can be sequestered by cultivating algae, which can be harvested and processed to produce useful products like biofuel and protein-rich animal feed. Mangrove trees, for example, sequester carbon far more effectively and permanently than terrestrial forests. Finally, nature can act as a natural carbon sink.Bio Energy Carbon Capture and Storage technologies extract and store CO 2 from biomass, itself a renewable energy source.Direct Air Capture (DAC) processes capture CO 2 directly from the atmosphere (rather than at source), to be sequestered or utilized.Mobile Carbon Capture technologies capture CO 2 from mobile sources and store the gas on board, ready for sequestration or utilization. ![]() Utilization means using captured CO2 directly - for example in manufacturing cement - or converting captured CO2 and other gases into useful industrial products like chemicals or fuels.Enhanced Oil Recovery involves extracting oil from oil fields by changing the original properties of oil, such as chemical flooding, carbon dioxide injection, or thermal recovery.Sequestration technologies deposit captured CO 2 in geological formations.Capture technologies take CO 2 from exhaust or reformed gases or stationary sources using pre-combustion, post-combustion or oxy-combustion techniques.
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