Avnos has secured up to $17 million in project financing from Shell US Gas and Power, LLC and Mitsubishi Corporation (Americas) to build its flagship HDAC™ facility, Project Cedar. The facility, coming online by the end of 2026, uses a water-positive, hybrid direct air capture design that eliminates external heat and water needs.

Avnos, Inc. announced it has signed multi-year strategic and investment partnerships, in excess of $80 million in aggregate, with ConocoPhillips, JetBlue Ventures, and Shell Ventures to accelerate commercialization efforts.