In Norway, Phlair GmbH and Carbon Removal AS, via its subsidiary NorDAC Kollsnes AS, have entered into an agreement to develop Europe’s first large scale direct air capture (DAC) and geologic CO₂ storage project in Øygarden, Norway. The plant will be located next to the Northern Lights terminal for permanent storage of CO2. The agreement […]
In Switzerland, Climeworks has achieved a significant milestone by securing $162 million in additional equity funding — marking the largest carbon removal investment of 2025 to date globally. This financing round underscores Climeworks’ commitment to scaling up and perfecting its cutting-edge technology to help significantly reduce the cost of carbon removals. This latest investment takes […]
In California, Frontier has facilitated offtakes with Arbor, a Bioenergy with Carbon Capture and Storage (BECCS) company that uses waste biomass to create clean energy while removing CO₂. Frontier buyers will pay Arbor $41 million to remove 116,000 tons of CO₂ between 2028 and 2030. These offtakes will enable the launch of Arbor’s first commercial […]
