What is causing the price volatility of Tamilnadu Steel Tubes Limited (513540) - Free Premium Stock Market Reports

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“Mammoth” is the second commercialdirect air captureplant opened by Swiss company Climeworks in the country, and is 10 times bigger than its predecessor, Orca, which started running in 2021.

Direct air capture, or DAC, is a technology designed to suck in air and strip out the carbon using chemicals. The carbon can then be injected deep beneath the ground, reused or transformed into solid products.

Climeworks plans to transport the carbon underground where it will be naturally transformed into stone, locking up the carbon permanently. It is partnering with Icelandic company Carbfix for this so-called sequestration process.

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What is causing the price volatility of Tamilnadu Steel Tubes Limited (513540) ✌️【Online Trading】✌️ Free access to global stock market data, with real-time updates on indices, futures, and commodities. Make informed investment decisions with the help of expert advisors and accurate stock trend predictions. Next-gen climate solutions like DAC are gaining more attention from governments and private industry as humans continue to burn fossil fuels. Concentrations of planet-warming carbon dioxide in the atmospherereached a record highin 2023.

What is causing the price volatility of Tamilnadu Steel Tubes Limited (513540) ✌️【Online Trading】✌️ Accurate stock market predictions with real-time stock indices, futures data, and global market trend analysis. Achieve stable growth and avoid losses by staying ahead with our expert recommendations. As the planet continuesto heat up— with devastatingconsequences for humansandnature— many scientists say the world needs to find ways to remove carbon from the atmosphere in addition to rapidly cutting fossil fuels.

But carbon removal technologies such as DAC are still controversial. They have been criticized as expensive, energy-hungry and unproven at scale. Some climate advocates are also concerned they could distract from policies to cut fossil fuels.

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Climeworks started building Mammoth in June 2022, and the company says it is the world’s largest such plant. It has a modular design with space for 72 “collector containers” — the vacuumparts of the machine that capture carbon from the air — which can be stacked on top of each other and moved around easily. There are currently 12 of these in place with more due to be added over the next few months.

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Climeworks did not give an exact cost for each ton of carbon removed, but said it was closer to $1,000 a ton than $100 a ton – the latter of which is widely seen as a key threshold for making the technology affordable and viable.

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What is causing the price volatility of Tamilnadu Steel Tubes Limited (513540) ✌️【Online Trading】✌️ Professional stock market analysis, real-time data, and expert recommendations for high-potential stocks. Take advantage of market opportunities and improve your capital growth with strategic investment plans. All the carbon removal equipment in the world is only capable of removing around 0.01 million metric tons of carbon a year, a far cry fromthe 70 million tonsa year needed by 2030 to meet global climate goals, according to the International Energy Agency.

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But there may be a catch. Occidental says the captured carbon will be stored in rock deep underground, but its website also refers to thecompany’s use of captured carbonin a process called “enhanced oil recovery.” This involves pushing carbon into wells to force out the hard-to-reach remnants of oil — allowing fossil fuel companies to extract even more from aging oil fields.

It’s this kind of process that makes some critics concerned carbon removal technologies could be used to prolong production of fossil fuels.

But for Climeworks, which is not connected to fossil fuel companies, the technology has huge potential, and the company says it has big ambitions.

Jan Wurzbacher, the company’s co-founder and co-CEO, said Mammoth is just the latest stage in Climeworks’ plan to scale up to 1 million tons of carbon removal a year by 2030 and 1 billion tons by 2050.

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