Swiss company that counts Microsoft as a customer says its removed CO2 from the air and put it in the ground
Summary
Swiss company Climeworks announced Thursday that it has successfully taken carbon dioxide out of the air and put it in the ground where it will eventually turn into rock. Christoph Gebald and Jan Wurzbacher co-founded Climeworks in 2009 as a spinoff of ETH Zürich, the main technical university in Switzerlands largest city. In addition to getting corporate clients to pay for future removals, Climeworks has raised more than $780 million to scale up from a wide variety of investors including venture capitalist John Doerr and the the insurance company Swiss Re. In June, Climeworks announced it had begun construction of its second commercial-sized plant in Iceland that will capture and store 36,000 metric tons per year of carbon dioxide. Even when complete, that will amount to a tiny percentage of the total global emissions of carbon dioxide released into the air each year: In 2021, they hit a record high of 36.3 billion metric tons, according to the International Energy Agency.
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