Two companies with different climate technologies trapping emissions from industrial plants and removing CO2 already in the atmosphere are teaming up.
Driving the news: The Canadian firm Svante and the Swiss company Climeworks AG have a new “joint development agreement” to pilot the combination of the former’s industrial capture system alongside Climeworks direct air capture (DAC) tech.
Why it matters: As this recent post from Norway’s Center for International Climate and Environmental Research points out, almost all modeled emissions scenarios consistent with meeting the Paris agreement goals envision some level of carbon capturing and negative emissions technologies.
The big picture: “By working together, the two companies can accelerate the development and adoption of both technologies for customers across industries and applications,” yesterday’s announcement states.
We are thrilled to announce that Svante has been certified...
