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Carbon Engineering (company)

Carbon Engineering (company)

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

June 26, 2019
Carbon Engineering raises a $25,000,000 grant from Federal Government.
March 21, 2019
Carbon Engineering completed equity financing round of USD$68 million

Investors in the round include Chevron, Occidental and BHP.

March 21, 2019
Carbon Engineering raises a $68,000,000 private equity from BHP, Bethel Lands Corp., Bill Gates, Carbon Order, Chevron Technology Ventures, First Round Capital, Lowercase Capital, N. Murray Edwards, Oxy Low Carbon Ventures, Rusheen Capital Management, Starlight Ventures and Thomvest Ventures.
March 5, 2019
Carbon Engineering raises a $6,000,000 corporate funding round from BHP.
July 12, 2018
Carbon Engineering raises a $8,605,000 convertible note.
March 24, 2015
Carbon Engineering raises a $3,000,000 grant from Sustainable Development Technology Canada - Technologies Du Développement Durable Canada.

Funding Rounds

Patents

Further Resources

Title
Author
Link
Type
Date

Climate change 'magic bullet' gets boost

Matt McGrath

Web

How CO2 Could Be The Future Of Fuel

09/13/2018

News

Title
Author
Date
Publisher
Description
By Matt McGrath
June 24, 2021
BBC News
A plant that could remove the equivalent to 40 million trees every year is planned for Scotland.
James Temple
June 24, 2021
MIT Technology Review
Another big direct-air capture plant is moving ahead, but a new study finds we may need to build many more before the economics start to make sense.
IDTechEx
April 21, 2021
www.prnewswire.com:443
/PRNewswire/ -- Each year, April 22nd marks Earth Day, a worldwide event that aims to diversify, educate and activate the environmental movement. Since the...
Evan Halper
April 20, 2021
phys.org
Solar panels, wind turbines and electric cars will go far in helping California and the Biden administration meet their aggressive climate goals--but not far enough. As time runs short, scientists and government officials say the moment to break out the giant vacuums has arrived.
Maria Gallucci
March 29, 2021
Grist
Microsoft, Shopify, and others are backing new projects to pull CO2 from the sky.
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