Aquarry

Recently, we hosted a lab tour for The Mining CDR Working Group co-lead by Isometric, WSP in Canada, and the RMI at our Vancouver office. Being at the forefront of CO2 removal using mine waste, Arca looks forward to contributing our knowledge to the group. Included in the photos: Bart De Baere, Ph.D. from WSP in Canada, Ella Holme, Ph.D. and Rhys Savage from Isometric, Kate Murphy, PhD and Spencer Whitman, Ph.D. from Aquarry, Xueya Lu, and David F. from Exterra Carbon Solutions. #GreatPlaceToWork #GreatPlaceToRock #CarbonRemoval #RockingCO2 #environment #climatechange #innovation #climateaction

Big news! After an extraordinarily competitive selection process, Milkywire has chosen thirteen new carbon dioxide removal suppliers we intend to support through the Climate Transformation Fund in 2024. This year, we reviewed over 220 CDR proposals through our open call, and have chosen suppliers who are pushing the limits of current technology. CDR is crucial, but it's still in the early stages. For CDR this decade is all about figuring out which technologies are the most effective, affordable, and scalable and laying the foundation for an industry that can scale massively in the years to come. Congratulations to: Aquarry, Flux, Mati Carbon, Vycarb, Alkali Earth. Gaia Refinery, Yama (formerly Maia), Ucaneo, Carbon Atlantis, Holocene Solidaridad Network/Planboo, BIOSORRA, PyroCCS - Biochar CDR Solution. These new partnerships include ventures in new geochemical solutions such as Aquarry’s method of using mine pit lakes, novel direct air capture methods as Gaia Refineries mix of biomass removal and DAC, and very scalable biochar technologies increasing the incomes of vulnerable farmers such as in Planboo and Solidaridads project. We are excited to be the first significant buyer for many of these companies. Read about all selected suppliers here: https://lnkd.in/gvmWQtjG Basically all of these startups need more support than we currently can give them to properly try out their solutions at a relevant scale. We need you to pitch in as well. Get in touch, and we will let you know how your company can support the CDR startups in the fund with a pre-purchase or donation.  The Climate Transformation Fund aims to support all types of solutions needed for global net zero, including emission reduction, and nature restoration & protection projects. For these categories our 2024 selection is still ongoing. Klarna, the founding donor to the fund, just announced that they are raising their internal carbon fee to $200 per tonne in Scope 1 and 2, while contributing $100 for emissions from business travel and $10 per tonne for the rest of Scope 3. In 2024 they will contribute over $2 million, making their total contribution to projects in the fund $7 million since 2021. The fund is also supported by companies like Spotify, BioGaia AB, Atomico and Mentimeter and has supported 30 projects worldwide since 2021. By the end of this year, we expect to have paid out more than $13 million to over 45 climate projects in total. https://lnkd.in/gvmWQtjG

I'm heading to SF! Myself and others from the Deep Science Ventures crew will be in town for Climate Week later this month and are looking to meet forward-thinking investors for our portfolio, as well as strategic partners and founders for creating our next set of game-changing ventures! We're hosting an event on Tuesday afternoon - link below, come and join us! If you're also in town, please let me know! Ahmad Butt Elliot Roth Kate Murphy, PhD Brad S. Roan, PE Alexander Hammer Nuno Pereira

We're excited to share the most recent addition to Evergreen's portfolio! Aquarry, Inc. is a carbon removal startup that uses flooded open pit mines to capture and store CO2. Think of it as ocean-less alkalinity enhancement for safe, measurable, and durable carbon removal. Read the full details on why we invested: https://lnkd.in/g_jw4T45 We are energized and grateful to be working with co-founders Kate Murphy, PhD and Spencer Whitman, Ph.D. as they develop this unique pathway for carbon removal. Join us in welcoming them to the Evergreen family!

New piece up on "The Trillion Dollar Question of Carbon Removal" where we consider some of the big challenges that need to be tackled in the CDR sector and some plausible pathways for getting carbon removal to the scale we need to have any hope of achieving something like a safe climate. In short: "It will require an all-of-the-above approach, a willingness to think and act big, and a “risk-risk” perspective." This is the second in our ARC series on advanced research for climate - more to come! https://lnkd.in/etbMK4ch?

Aquarry is #hiring! Do you know any scrappy, highly motivated geochemists who want to take a billion tons of CO2 out of the atmosphere?