Climeworks has announced another milestone for its portion of the Louisiana-based Project Cypress DAC Hub. Climeworks will partner with CapturePoint Solutions LLC for the transport and storage of CO₂ captured at Climeworks' facility in Southwest Louisiana. The partnership reflects a critical step forward in realizing what will be a million-ton Direct Air Capture (DAC) Hub.

Climeworks has signed an agreement with British Airways to remove some of the airline’s CO₂ emissions, using its Direct Air Capture technology. The partnership is designed to help stimulate and then scale the carbon removal market, vital for reaching global climate targets and helping avoid the worst impacts of climate change.

At its annual Carbon Removal Summit in Zurich, Climeworks showcases the success of its Generation 3 direct air capture (DAC) technology: doubling CO₂ capture capacity per module, halving energy consumption, increasing material lifetime, and cutting costs by 50 percent. 

Climeworks starts operations of its to-date largest direct air capture and storage (DAC+S) plant, Mammoth, in Iceland. It is the second commercial DAC+S facility of Climeworks and is about ten times bigger than its predecessor plant, Orca.

Climeworks and the LEGO Group entered a 9-year agreement to permanently remove CO₂ from the air. The USD 2.4M agreement means carbon removal will become part of the broad portfolio of initiatives the LEGO Group is putting in place to accelerate towards net zero. KIRKBI also signed a USD 405,000 long-term agreement to secure Climeworks’ high-quality carbon removal services.

Climeworks and Svante have signed a collaboration and supply agreement to further advance commercial-scale solutions for direct air capture.

Two years after signing their first carbon removal partnership in 2021, Climeworks and BCG sign an unprecedented 15-year agreement to rapidly scale high-quality carbon removal to fight global warming. This removals purchase of 80,000 metric tons of carbon dioxide (tCO₂) is the largest of Climeworks’ corporate buyers to date.

Climeworks and JPMorgan Chase announce one of the largest purchases to date in the direct air capture industry between a single corporate buyer and a single CDR company – valued above USD 20M.

With a nominal CO₂ capture capacity of up to 36’000 tons per year when fully operational, Mammoth is a key milestone on Climeworks' ambitious scale-up plan of reaching multi-megaton capacity in the 2030s and gigaton capacity by 2050.