Return to Today's Publications

 

Newsletter:
Date Range (YYYY-MM-DD) -
Company, Industry or Technology:
  Search Tips


Svante, Climeworks Partner on Carbon Capture Tech. (Ind. Report)
Svante ,Climeworks
Date: 2020-01-29
Burnaby, British Columbia-based Svante IncCarbon capture experts Svante Inc of Canada and Zurich-headquartered carbon capture technology specialist Climeworks AG are reporting a joint development agreement that should facilitate the quicker scale-up of their technologies climate-positive carbon solutions for both carbon removal and sectors with unavoidable emissions, such as the concrete and steelmaking industries.

Svante -- f.k.a. Inventys Inc. -- has developed a commercially viable option to capture large-scale CO2 emissions from existing infrastructure. Climeworks offers Direct Air Capture (DAC) solutions that help remove CO2 from the atmosphere. (Source: Climeworks AG, Renewables Now, 28 Jan., 2020) Contact: Svante Inc., Claude Letourneau, , Pres., CEO, Julia McKenna , Inv. Relations, 604.456.0504, jmckenna@svanteinc.com, www.svanteinc.com; Climeworks AG, Jan Wurzbacher and Christoph Gebald, co-founder and co-CEO, +41 44 533 2999, www.climeworks.com

More Low-Carbon Energy News Svante ,  Climeworks,  CO2,  Carbon Emissions,  Carbon Capture ,  


Climeworks Opens Italian Carbon Capture Plant (Int'l Report)
Climeworks
Date: 2018-10-12



Climeworks Opens Italian Carbon Capture Plant (Int'l Report)
Climeworks
Date: 2018-10-01
Zurich-headquartered carbon capture technology specialist Climeworks AG is reporting the opening of its third carbon dioxide capture plant in Troia, Italy. The plant will capture 150 metric tpy of CO2 which will be converted to methane and used as "green gas" transportation fuel.

The plant, which is largely funded by an research grant, is part of the Store & Go Project testing a group of technologies called "power to gas" that can help store energy produced from renewable sources.

With Climeworks technology, the cost to capture one metric ton of carbon dioxide is between $600 and $800, but it should come down as the startup installs more of these units, according to Climeworks. (Source: Climeworks, Quarts, 1 Oct., 2018) Contact: Store & Go Project, Dr. Frank Graf DVGW Research Centre, Engler-Bunte-Institute of Karlsruhe Institute of Technology (KIT) Gas Technology, +49 721 608 41221, graf@dvgw-ebi.de, www.storeandgo.info/about-the-project; Climeworks AG, Jan Wurzbacher and Christoph Gebald, co-founder and co-CEO, +41 44 533 2999, www.climeworks.com

More Low-Carbon Energy News Climeworks,  CCU,  Carbon Capture ,  


Climeworks Raises $31Mn for CO2 Capture Technology (Int'l, Funding)
Climeworks AG
Date: 2018-08-29
Zurich-headquartered carbon capture technology specialist Climeworks AG reports it has raised CHF30.5 million ($31.266 million) in equity funding, from existing and new private investors as well as Zurich Cantonal Bank. The financing round brings the Swiss company another step closer to achieving its vision of capturing one per cent of global CO2 emissions by 2025.

Funds will be used to further industrialize Climeworks' modular and scalable direct air capture (DAC) technology, reduce costs significantly and prepare for mass production. Since 2017, the company has built nine direct air capture plants for three different market segments in 6 countries.

In May 2017, Climeworks launched the world's first commercial DAC plant in Hinwil, Switzerland. In November Climeworks opened the world's first DAC plant in combination with underground sequestration of CO2 in Iceland. (Source: Climeworks AG, Equity Wire,28 Aug., 2018) Contact: Climeworks AG, Jan Wurzbacher and Christoph Gebald, co-founder and co-CEO, +41 44 533 2999, www.climeworks.com

More Low-Carbon Energy News Climeworks AG,  


Climeworks Claims "Historic" First CCS Contracts (Int'l Report)
Climeworks
Date: 2018-02-23
Zurich University spin-off carbon capture and storage (CCS) specialist Climeworks reports it has signed several "historic" contracts for its carbon capture system, which it claims marks the first time a company has been commissioned to permanently remove CO2 from the atmosphere.

Climeworks unveiled the creation of a new market mechanism late last year, through which companies can offset their emissions by paying Climeworks to remove an equivalent amount of CO2 emissions from the atmosphere using its Direct Air Capture (DAC) technology. Unlike traditional offsetting schemes that essentially trade pollution rights, the Climeworks solution involves the direct removal of the same amount of emissions from the atmosphere as the customer is creating.

Once captured, the CO2 is then stored underground in Iceland via the company's 'CarbFix' process. Climeworks opened its Icelandic pilot CCS facility in partnership with utility company Reykjavik Energy last October.

Sited at an existing geothermal power plant, the system draws in ambient air, separates out the pure CO2 using a specially designed filter and pipes it more than 700 metres underground where it reacts with the basaltic bedrock to form solid minerals.

Climeworks, which also opened a commercial carbon capture plant in Zurich last May, aims to filter 1 pct of global CO2 emissions by 2025. (Source: Climeworks, BusinessGreen, Feb., 2018) Contact: Climeworks, Christoph Gebald, CEO, +41 44 533 2999, www.climeworks.com; Reykjavik Energy, Edda Sif Aradottir, CarbFix Project Leader , www.or.is/en

More Low-Carbon Energy News Climeworks,  Climate Charnge,  Carbon Emissions,  CCS,  Carbon Capture,  


Iceland Geothermal Carbon Capture Tech Tests Underway (Int'l Report)
Climeworks
Date: 2017-12-04
Following up on our October 13th coverage ETH Zurich University spin-off company Climeworks, in collaboration with Reykjavik Energy, reports it has launched a second round of testing on its trial CarbFix2 project to combine direct air capture (DAC) of CO2 with permanent geological storage. The CarbFix2 project is at Hellisheidi is centered around one of the worlds largest geothermal power plants.

Climeworks, which is running the trial with Iceland utility Reykjavik Energy, is part of a research project to demonstrate that DAC of CO2 can be combined with permanent geological storage, as proof that DAC is a highly scalable carbon removal technology. According to Climeworks, the Hellisheidi facility is the world's first "negative emissions" plant.

Climeworks developed a DAC module, installed at the site and designed to be heated with low-grade heat from the geothermal plant, which captures gas in a Climeworks-designed filtration system. In the trial, researchers have injected CO2 at an industrial scale. The captured CO2 is bound to water, and then sent more than 700 meters underground, where it reacts with basaltic bedrock to form solid minerals. The trial is part of the CarbFix2 project led by Reykjavik Energy and financed by the European Union's Horizon 2020 research program. The CarbFix2 pilot program can remove an estimated 50 metric tpy of CO2 from the air eliminating more CO2 than it produces. Climeworks estimates it costs $600 to extract one ton of CO2 from the air. The capacity of the plant is expected to be 900 metric tons annually by year-end 2017. (Source: Climeworks, POWER, 30 Nov., 2017)Contact: Climeworks, Christoph Gebald, CEO, +41 44 533 2999, www.climeworks.com; Reykjavik Energy Edda Sif Aradottir, CarbFix Project Leader , www.or.is/en

More Low-Carbon Energy News Climeworks,  Geothermal,  CCS,  


Climeworks, Reykjavik Energy Partner on Icelandic CCS (Int'l)
Climeworks ,Reykjavik Energy
Date: 2017-10-13
Following up on our June 9th coverage, ETH Zurich University spin-off company Climeworks, in collaboration with Reykjavik Energy is touting CarbFix2, a trial project to combine direct air capture (DAC) of CO2 with permanent geological storage. The CarbFix2 project is at Hellisheidi is centrred around one of the worlds largest geothermal power plants.

The first stage in the process sees CO2 captured from ambient air using Climeworks' DAC technology, which involves a patented filter that binds the CO2 with the moisture in the air. Next, low-grade heat from the geothermal plant is used to release pure C02 which is sequestered 700 meters underground where it reacts with basaltic bedrock and forms solid minerals, creating a permanent storage solution.

Climeworks opened the world's first commercial DAC plant at Hinwil, Switzerland, earler this year. Although that facility's carbon capture capacity is only 900 tpy and Carbfix will sequester only 50 tpy, Climeworks believes the technology can be scaled up. (Source: Climeworks, The Engineer, 12 Oct., 2017) Contact: Climeworks, Christoph Gebald, CEO, +41 44 533 2999, www.climeworks.com; Reykjavik Energy Edda Sif Aradottir, CarbFix project leader , www.or.is/en

More Low-Carbon Energy News CCS,  Climeworks,  Reykjavik Energy,  Carbon Capture,  


Swiss Commercial Carbon Capture Plant Launched (Int'l)
Climeworks
Date: 2017-06-09
In Zurich, ETH Zurich University spin-off company Climeworks is reporting the completion and June 3rd startup of the world's first commercial carbon capture facility in Zurich.

The carbon capture facility incorporates three stacked shipping containers that hold six CO2 sponge-like collectors each. . Fans draw ambient air into and through the collectors until they are fully saturated, while clean, CO2-free air is released back into the atmosphere, a process that takes about three hours. The containers are closed and then heated to 100 degrees Celsius (212 degrees Fahrenheit), after which the pure CO2 gas is released into containers that can be buried or used for other purposes.

Climeworks sell containers of carbon dioxide gas to a number of key markets, including food and beverage industries, commercial agriculture, the energy sector and the automotive industry. (Source: Climeworks, Digital Journal, 6 June, 2017) Contact: Climeworks, www.climeworks.com

More Low-Carbon Energy News CCS,  CO2,  Carbon Dioxide,  Carbon Capture,  

Showing 1 to 8 of 8.