Iceland

World’s Largest Carbon Capture Plant To Store 9 Million Tons Of CO2 Annually

World’s Largest Carbon Capture Plant To Store 9 Million Tons Of CO2 Annually

ICELAND - The NextGen CDR Facility, a collaboration between the Swiss carbon finance consultant South Pole and the Japanese conglomerate Mitsubishi Corporation, has announced the purchase of 193,125 tonnes of carbon dioxide removals (CDRs) from three projects, producing the world's largest portfolio of CDRs. The purchase accounts for 25 percent of all CDRs purchased to

By Staff Writer|2023-05-15T11:08:05-04:00May 15th, 2023|Industry 4.0|

Carbon Removal Technology Reaches Early Milestone

REYKJAVIK, Iceland - The world’s largest facility dedicated to removing carbon dioxide from the atmosphere came online a week ago in Iceland, a major milestone for the nascent direct air capture industry. Constructed by the Swiss company Climeworks AG with support from Microsoft Corp., Swiss Re and other prominent corporate customers, the landmark facility is

By Staff Writer|2021-09-19T15:20:13-04:00September 19th, 2021|Carbon Capture, Clean Update|