The firm’s CEO Vicki Hollub believes the hub will be able to remove up to 30 million tonnes metric tons of CO2 every year using DAC technology once fully operational.
annually with its DAC system, equivalent to the emissions from around 111,000 cars. Its first plant is expected to launch in 2024, followed by up to 135 more plants using the technology. worldwide, in Europe, the U.S. and Canada, capturing around 0.01?Mt?CO2/year. But to achieve net-zero carbon emissions by 2050, the technology needs to be scaled up rapidly for commercial use.
In Louisiana, the U.S. non-profit Battelle plans to use DAC technology developed by Swiss-based Climeworks and Heirloom. Climeworks currently owns the biggest DAC facility in the world, located in Iceland and removes around 4,000 tonnes of carbon each year.
Further funding for DAC technology is expected from the DoE next year, with the construction of two more hubs. The development of DAC facilities will be just one of the ways in which the government will support CCS, with additional funding designated for the construction of more conventional CCS systems across the country. For example, in August last year, the DoE announced it would be