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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

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
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.
Jonathan Shieber
March 9, 2021
TechCrunch
Carbon Engineering is moving ahead with its carbon removal service business, allowing customers to buy the removal of carbon dioxide from the atmosphere using its direct air capture technology. The launch of the service, and the announcement that Shopify will be the company's first customer, comes as the company's most direct competitor, Climeworks, made moves [...]
Isabelle Kirkwood
March 9, 2021
BetaKit
E-commerce giant Shopify has purchased 10,000 tonnes of direct air capture carbon removal from Squamish-based startup Carbon Engineering.
Gabriel Friedman
March 9, 2021
financialpost
Investment the most concrete sign to date on what a commercial marketplace for carbon removal could look like
Benji Jones
December 14, 2020
Business Insider
Top climate-tech firms, from Khosla Ventures to Kleiner Perkins spinout fund G2VP, share which startups are set to soar in the year ahead.
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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