The latest @BCG report highlights the transformative potential of Carbon Dioxide Removal (CDR) technologies, projecting a market worth up to $1.4 trillion annually by 2050. 1. Our analysis indicates the market will grow from $640 million to $1.4 trillion, reflecting a +25% CAGR growth. Durable CDR removal is set to be one of the fastest-growing markets over the next two decades. 2. CDR can be utilized in concrete production, synthetic fuels, chemical feedstock, the food and beverage industry, and enhanced oil recovery, showcasing its broad industrial impact. 3. With advancements in technology and economies of scale, CDR costs could drop to $100 per ton of CO2 by 2030, making it more affordable and less than 10% of the current societal cost of carbon emissions. 4. The industry is on the critical path to being project financeable. Strong policy frameworks, including carbon pricing and government investments, are crucial to boost the adoption of CDR technologies. 5. Developing a strong workforce globally to support these projects will become a major engine of economic growth locally, providing high-quality jobs, training, and skill sets applicable worldwide. Here is the full report for your read https://lnkd.in/eqcgbaHs #Aircapture #DAC #directaircapture #cdr #carbonutilization #industrialdecarbonization #netzero
Aircapture
Industrial Machinery Manufacturing
Berkeley, CA 3,718 followers
Putting Atmospheric CO2 to Work
About us
Aircapture’s modular, on-site technology captures climate-changing CO2 from the air, and puts it directly into our customers' production processes. The result is a greener, cleaner and cheaper product that can help their businesses go carbon neutral, or even negative. Previously, commercially available CO2 was produced and distributed only in ways that generate large amounts of greenhouse gas emissions, result in product impurities and include the often-substantial friction costs from transportation. For every tonne of delivered CO2, we estimate two or more tonnes of CO2 are emitted into the atmosphere, contributing to global warming and creating significant supply chain emissions, the cost of which are likely to materially increase. Reducing greenhouse gas emissions alone is not enough to avoid catastrophic climate change. Atmospheric carbon dioxide removal addresses legacy emissions and drives the development of critical, sustainable carbon-negative infrastructure. By utilizing atmospheric CO2, we can actually turn back the hands of time – reversing much of the damage that has already been done – while enabling our customers to economically build new carbon-to-value industries and alleviate energy poverty on a global scale. Our mission is to use Direct Air Capture (DAC) to help achieve these goals. DAC can be sited practically anywhere. There are no natural or technical limits to its scale, the quantity of carbon dioxide it removes is verifiable and it is cost-effective today.
- Website
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https://www.aircapture.com
External link for Aircapture
- Industry
- Industrial Machinery Manufacturing
- Company size
- 11-50 employees
- Headquarters
- Berkeley, CA
- Type
- Privately Held
Locations
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Primary
Berkeley, CA 94710, US
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New York, NY 10023, US
Employees at Aircapture
Updates
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🌟 Welcoming Our Summer 2024 Interns! 🌟 Excited to introduce the newest members of our team at Aircapture! They're joining us as we continue pioneering carbon removal through cutting-edge direct air capture technology. Stay tuned for updates on their impactful contributions this summer! Sophia McNamara, Sarah Young, Farzan Shiju, Danny McCoy, Claudia Lebrón #Aircapture #SummerInterns #CarbonRemoval #DirectAirCapture #Innovation
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The recent "The State of Carbon Dioxide Removal — Edition 2" report highlights the eminent need of science based technologies for carbon removal to reach net zero. Here are a few key takeaways from the report: 1. Rapid emission reductions and a near-term scale-up of carbon dioxide removal (CDR) are necessary to meet the Paris Agreement's temperature goals. The report highlights the need for 7-9 GtCO2 removals per year by 2050, with cumulative removals of 170 GtCO2 between 2020 and net-zero CO2. 2. CDR deployment is currently low but expected to grow. Research grants, publications, and high-value inventions related to CDR have increased significantly, indicating growing innovation. However, challenges like financial bottlenecks and scientific uncertainties hinder scaling up CDR. 3. Companies have announced ambitious plans for scaling up novel CDR methods like direct air capture and bioenergy with carbon capture and storage. These announcements project removing up to 11 GtCO2 annually by 2050, implying a 40% compound annual growth rate. You can read the full report here: https://lnkd.in/d97fNnEE
The State of Carbon Dioxide Removal
stateofcdr.org
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We're excited to be looking for our VP of Engineering! This is an incredible opportunity to build out a world-class technical team and manage the exciting projects we're working on and those we have coming down our pipeline. This person will report directly to our COO, Michael Vyvoda and will have their fingerprints all over the success of this business as we prepare to scale. Share this opportunity or apply here: https://bitly.cx/RP3Ps #aircapture #DAC #climatetech #vpengineering #hiring #technicalhiring
VP of Engineering
boards.greenhouse.io
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Aircapture is thrilled to bring our technology overseas, partnering with 44.01 to launch Project Hajar in Oman as part of the #XPrizeCarbonRemoval competition. This is an opportunity to explore new markets through strong global partnerships leveraging combined expertise. We’ll be working closely with 44.01 to utilize their cutting edge sequestration technology in remote mountains that provide some of the best large scale subsurface mineralization in the world for the permanent removal of atmospheric carbon. Fun fact: This regional geologic formation alone has sufficient storage capacity to meet the carbon removal targets identified by the IPCC. If you’re looking for an answer to scalable climate change solutions - here it is! #XPrizeCarbonRemoval #CDR #mineralization #sequestration
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The cat's out of the bag! We're excited to be amongst 20 finalists in the XPRIZE Carbon Removal competition! Congratulations to the other teams leading the way in this era's most important work. Our team has been working hard and the project is already underway - you can learn more about the work Aircapture and 44.01 are doing in Oman here: https://lnkd.in/gydCPwfp More to come! #Xprize #Xprizecarbonremoval #CDR #sequestration #mineralization
We’re thrilled to share the 20 finalists from the #XPRIZECarbonRemoval competition! These teams stand at the forefront of cutting-edge carbon removal solutions shaping the industry today. These teams were selected based upon their performance in three key areas: 🌫️ Operations ♻️ Sustainability 💰 Cost We are excited to see these teams move forward to the final stage of the competition. Learn more about the finalists here. https://lnkd.in/gydCPwfp #GettingToGigatonne cc: Airhive, Heirloom, Octavia Carbon, 44.01, Aircapture, Skyrenu technologies, Arca, Lithos Carbon, Mati Carbon, Silicate, UNDO, Climate Robotics, MASH Makes, Takachar, Vaulted Deep, Captura, Ebb Carbon, Kelp Blue, Planetary, NetZero
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During SF Climate Week, Michael Vyvoda, COO here at Aircapture, had an insightful Fireside Chat alongside esteemed panelists Drew Hahn, Co-Founder at Carbonsmith, and Alicia Harmon O’Meara, COO at Arbor and moderated by Amit Akhelikar, President of INSEAD NAA. Michael shared insights from his journey transitioning from semiconductor and solar fabrication to pioneering DAC technology, and spoke to the technical challenges, operational strategies, and the critical role of public-private partnerships in scaling climate solutions. A huge thank you to INSEAD for organizing this event where leaders in sustainability and technology come together to share and inspire. Special thanks to Amit Akhelikar for moderating the session and to all those who joined us. Your engagement fuels our ongoing dialogue and efforts towards a more sustainable future. #Aircapture #INSEAD #DAC #directaircapture #cdr #carbonutilization #industrialdecarbonization#sfclimateweek
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We are excited to share Aircapture Founder and CEO, Matt Atwood’s latest discussion on the Smarter Markets Carbon 2024 Frontiers podcast with host David Greely. They discussed Aircapture’s unique strategy of Commercializing DAC into mature CO2 markets and leveraging technology learning curves to rapidly bring down the cost of DAC for larger-scale permanent CDR applications. Check out the episode for expert insights on the CO2 market, DAC technology, the need for bankable project financing and the challenges and opportunities towards “solving for scale.” https://lnkd.in/eEXxeTd2 Thanks to David Greely and the SmarterMarkets™ team for the opportunity to share our exciting and important work! #DAC #directaircapture #cdr #carbonutilization #industrialdecarbonization
Matt Atwood, Co-Founder & CEO, Aircapture - SmarterMarkets™
https://smartermarkets.media
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A good article from Boston Consulting Group (BCG) - certainly worth a read. 2024 is off to a great start here at Aircapture! We look forward to sharing more soon. #directaircapture #climatetech #cdr #carboncapture #carbonutilization
Direct Air Capture Is About to Go from Intriguing to Essential
bcg.com
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We're here in Dubai at #cop28 this week. Reach out to us, or Matt Atwood directly, if you'd like to chat or schedule a meeting in the blue or green zones. #cop28uae #cdr #dac #climatetechnology
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