Skytree has officially entered the New Zealand market with its direct air capture technology, aligning its launch with the EU–NZ Business Summit and the countries’ joint commitment to green growth. The company aims to supply circular CO₂ to local industries.

Together with Skytree, the DAC technology partner, and Verified Carbon, bringing geological sequestration expertise, Return Carbon aims to develop 500,000 tonnes per year of negative emissions.

Skytree announced the acquisition of Dutch direct air capture (DAC) startup ReCarbn. The acquisition will integrate ReCarbn’s intellectual property into Skytree’s DAC product portfolio.