DAC is a technology that processes atmospheric air, removes CO2 and purifies it. CE’s DAC technology does this in a closed loop where the only major inputs are water and energy, and the output is a stream of pure, compressed CO₂. This captured, compressed CO₂ then offers a range of opportunities to create products and environmental benefits, including CE’s main focus, production of clean-burning liquid fuels with ultra-low carbon intensity.
Direct Air Capture is a flexible technology that can be used to achieve industrial-scale carbon dioxide removal (CDR) and can also enable production of clean-burning low carbon intensity fuels.
Individual DAC plants can be placed in any country and in multiple climates, and can be built to capture one million tons of CO2 per year. At this large scale, CE technology will be able to achieve costs of $100-150 USD per ton of CO₂ captured, purified, and compressed to 150 bar.
Carbon Engineering completed equity financing round of USD$68 million
Investors in the round include Chevron, Occidental and BHP.
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