USA: ClimWorks benefits from billions in funding

WASHINGTON (Energy) – The US Department of Energy (DOE) is providing up to US$1.2 billion to advance two major direct wind capture and CO2 storage projects. Swiss company Climworks is also involved in one of the projects with its live flight capture technology. Specifically, about that Project Cyprus In the southwest of the state of Louisiana, like a Notification from DOE emerges. As part of the project, two American companies, Batelle and Heirloom Carbon Technologies, along with Climeworks, want to capture more than 1 million tons of CO2 from the atmosphere each year and store it permanently underground. According to ClimWorks, the DOE’s current decision is called an “examination notice.” This means negotiations to win the project, which is scheduled to begin in late 2023, could continue, the company said in a statement.

A second project, the South Texas DAC Hub, will remove up to 1 million tons of CO2 annually, according to the DOE. In total, about 2 million tons of carbon dioxide emissions per year will be absorbed from the atmosphere and stored by the two projects. This corresponds to the annual emissions of about 445,000 gasoline-powered cars, the US ministry explained. According to it today’s announcement is “the world’s largest investment in carbon dioxide capture technology in history”.

 

Projects funded by the Bilateral Infrastructure Act

According to DOE, both projects are the first of their size in the United States and the first projects selected under the Regional Direct Aircraft Capture (DAC) Hubs Program funded by the Bipartisan Infrastructure Act. The project aims to establish a nationwide network of large-scale carbon capture plants in the United States. ClimWorks has applied for three projects in the scheme (Energet Report). /mg