Swiss start-up Climeworks AG said its second large-scale direct air capture plant will be built in Iceland in 18-24 months, and have capacity to suck 36,000 tonnes of CO2 per year from the air.
Co-CEO Christoph Gebald said once this plant launches, Climeworks intends to build a far bigger facility capturing roughly half a million tonnes of CO2 per year - and then replicate multiple plants of that size, backed by project financing, towards the end of the decade. "It's the cost of scaling up," Gebald told Reuters. "This is, so to say, the investment we have to do as a company to move forward."
Its called terraforming
You know what else captures CO2?
“The firm also sells among the world's most expensive carbon removal credit - costing up to 1,000 euros per tonne - to buyers including Microsoft, Audi and Boston Consulting Group.”
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