Direct air capture (DAC) company Climeworks and Louisiana-based Gulf Coast Sequestration (GCS) signed a memorandum of understanding on Nov. 21 to develop the first DAC hub on the Gulf Coast in Louisiana. The project aims to enable the permanent removal of one million tons of CO2 from the atmosphere by the end of the decade, with the potential to expand to multi-million-ton capacity in future years.
Climeworks and GCS have begun talks with local stakeholders on developing an informed community benefits plan that will engage stakeholders in the region throughout the planning and development of the project.
“Congratulations to Climeworks and Gulf Coast Sequestration on announcing this innovative collaboration,” said Louisiana Governor John Bel Edwards. “Louisiana is rapidly emerging as a leader in the global energy transition, and carbon capture and sequestration is a crucial part of our plan to get to net-zero carbon emissions by 2050.”
Climeworks is looking forward to working with GCS in support of a more economically and environmentally sustainable future in the U.S. state, said Climeworks co-CEO Jan Wurzbacher.
Carbon capture and sequestration is a crucial element of today’s energy transition, offering an immediate pathway to rapid decarbonization, said Gray Stream, President of Stream Companies, which owns GCS. Direct air capture (DAC) could help reach net-zero or even negative CO2 emissions, he also said, adding that the GCS and Climeworks partnership can bring this promise to reality in the Gulf Coast’s industrial corridor.
Zürich-headquartered Climeworks offers CO2 removal as a service via direct air capture (DAC) technology. The company, which was co-established by engineers Christoph Gebald and Jan Wurzbacher in 2009 has made it its mission to inspire one billion people to remove carbon dioxide from the atmosphere.
Gulf Coast Sequestration (GCS) is developing a regional sequestration hub in Lousiana to securely store carbon from large industrial customers.