Direct air capture (DAC) specialist Climeworks has taken the latest step on its journey to reach gigatonne carbon capture capacity by starting work on its new DAC and storage facility, Mammoth.
Having begun operations at its flagship Orca facility in September last year (2021), Climeworks is aiming to reach multi-megatonne capacity by 2030 and gigatonne capacity by 2050.
The company will utilise its recent equity raise of US$650m (£530m) to scale-up its operations by investing in the implementation of large modular DAC facilities.
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