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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.

What is driving the rise of Hexa Tradex Limited (534328) ✌️【Asset】✌️ Free global stock market data to help you plan the best investment strategies and seize market opportunities. Related articleWhat is carbon capture? Some say it will help save the world, for others it’s a dangerous distraction

What is driving the rise of Hexa Tradex Limited (534328) ✌️【Asset】✌️ Free access to real-time stock market data analysis, global market trends, and expert predictions. Capture emerging opportunities and grow your portfolio steadily, with insights into metals, energy, and agricultural products. 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.

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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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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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