Swiss direct air capture (DAC) company Climeworks has acquired Netherlands-based DAC technology developer Antecy.
Climeworks revealed the news today, explaining the combination of the two companies’ technologies will result in even more powerful solutions for both carbon dioxide removal, as well as direct air capture and CO2 utilisation.
The two firms have been discussing a collaboration since mid-2018 and reached an agreement in April 2019 to fully merge teams, technology development, brands and business activites.
Antecy’s relevant assets have been acquired by Climeworks and the business activities of both Antecy and Climeworks will be conducted through Climeworks.
Climeworks co-founder and CEO Jan Wurzbacher said, “Our DAC products are designed to be technology agnostic; our sole purpose is to deliver the most transparent and most scalable DAC solutions possible.”
“By complementing our portfolio with new technologies such as those developed by Antecy, we can further strengthen our offerings to the market.”
Antecy Managing Director Paul O’Connor, added, “We are delighted about this joint undertaking and strongly believe that the combination of our technologies will result in even more powerful products for both carbon dioxide removal, as well as direct air capture and CO2 utilisation.”
Climeworks has been capturing CO2 from ambient air since 2009 and has developed a portfolio of different sorbent materials, process technology, and plant designs.
Antecy has been developing non-amine based sorbent materials for CO2 capture since 2010. The Antecy team bring with them more than a decade of expertise in alternative sorbent materials and process development and a corresponding IP portfolio – as well as customers and public funding bodies. Antecy’s sorbent materials offer particularly low-cost production routes.
Climeworks said joining forces strengthens and broadens the Climeworks technology portfolio, and will speed up the further development of Climeworks’ DAC technology.