Swiss direct air capture (DAC) company Climeworks has signed groundbreaking agreements with carbon storage pioneers Carbfix and Icelandic geothermal energy provider ON Power to lay the foundation for a new plant that it says will significantly scale-up carbon removal and storage in Iceland.
Climeworks said the new plant will be able to permanently remove 4,000 tons of carbon dioxide from the air per year.
The agreements set down an important milestone in the fight against climate change: they mark the first time the technologies have been combined for a project of this scale to remove carbon dioxide from the air.
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