Aircapture’s Post

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

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

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

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 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

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

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

Aircapture Founder and CEO, Matt Atwood, recently co-authored an informative article regarding the recent advancements, actions and importance of the direct air capture industry. Thank you Prof. Mihri Ozkan for the opportunity and of course to fellow contributors, Claude Letourneau, ICD.D, Christoph Beuttler and Jillian Evanko. You can read the article here: https://lnkd.in/gxumDr4x #climatetech #dac #carbonremoval #sustainabletechnology

Thank you to the World Policy Conference for recently hosting Aircapture and providing a platform for Matt Atwood, CEO & Founder, to shed light on the pivotal role of engineered #carbondioxideremoval (CDR) technologies. Matt discussed the significance of carbon credit policy and off-take mechanisms in scaling project finance, emphasizing the need for a mature carbon market, "For the finance of Carbon Dioxide Removal (CDR) technology, it's crucial to carefully consider emerging policy solutions and industry standards. While frameworks like the ICVCM's CCPs contribute to transparency and market trust, there's a need to balance requirements for additionality and permanence. It's worth noting that limiting engineered CDR technologies, like DAC, in industrial decarbonization scenarios may unintentionally hinder progress. Non-permanence applications, especially in CO2 utilization pathways, can have a substantial net carbon reduction impact compared to permanent applications, particularly when addressing high carbon intensity in the incumbent CO2 supply." To foster progress, CCPs should differentiate between nature-based and engineering-based solutions. These insights were shared and appreciated at the World Policy Conference and Capgemini Invent. We look forward to continuing these vital conversations. #cdr #carbonmarket #climateaction #climatetech #worldpolicyconference2023 #capgemini