Carbon Engineering

Carbon Engineering

Carbon Engineering is building technologies to capture CO2 directly from the atmosphere, and to use that CO2 in the synthesis of clean transportation fuels that displace crude oil.

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.

Timeline

March 21, 2019

Carbon Engineering completed equity financing round of USD$68 million

Investors in the round include Chevron, Occidental and BHP.

People

Name
Role
LinkedIn

Further reading

Title
Author
Link
Type
Date

Climate change 'magic bullet' gets boost

Matt McGrath

Web

Documentaries, videos and podcasts

Title
Date
Link

How CO2 Could Be The Future Of Fuel

09/13/2018

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Meagan Simpson
February 18, 2020
BetaKit
Vancouver-based Semios, which has developed a platform for crop data and pest control management, has raised $100 million CAD in private equity funding.
Darrell Etherington
January 15, 2020
TechCrunch
Joby Aviation has raised a $590 million Series C round of funding, including $394 million from lead investor Toyota Motor Corporation, the company announced today. Joby is in the process of developing an electric air taxi service, which will make use of in-house developed electric vertical take-off and landing (eVTOL) aircraft that will in part [...]
December 4, 2019
Harvard Business Review
Youngme, Felix, and Mihir discuss some of the under-the-radar companies that they think people should be paying more attention to.
NATHANIEL POPPER
May 7, 2019
www.nytimes.com
A number of small companies are looking for ways to remove carbon from the atmosphere. But investors, burned by the clean-tech boom a decade ago, are leery.
SETH BORENSTEIN
October 24, 2018
AP NEWS
WASHINGTON (AP) -- The nation needs to ramp up efforts to suck heat-trapping gases out of the air to fight climate change, a new U.S. report said. The report Wednesday from the National Academy of Sciences says technology to do so has gotten better, and climate change is worsening. By mid-century, the world needs to be removing about 10 billion metric tons of carbon dioxide out of the air each year. That's the equivalent of about twice the yearly emissions of the U.S. Last year the world put nearly 37 billion metric tons of carbon dioxide into the air, and emissions have been rising.
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