Global quantitative trading firm IMC has purchased direct air capture (DAC) carbon removal credits from Sirona Technologies, fortifying its commitment towards the scaling of high-integrity climate solutions.
As a technology-driven firm, IMC is drawn to solutions that can scale through clear engineering and iteration, says Timothy Hall, Global Head of Group Operations at IMC. He shares that the company recognized Sirona’s modular DAC approach as the right path to scaling permanent carbon removal and is pleased to support it at this stage.
The credits for this agreement will be generated from Sirona’s Kenya-based DAC project called Jacaranda.
Strategically positioned at Lake Elementaita in Kenya’s Great Rift Valley, a location that is home to abundant volcanic basalt formations and geothermal and solar resources, Project Jacaranda utilizes Sirona’s modular DAC units to capture atmospheric CO2 emissions.
The DAC units for the project are built on an assembly line, integrated into plug-and-play shipping containers, and deployed rapidly in large arrays that resemble solar farms.
Through a partnership with Cella, the CO2 captured by the project gets processed and stored into basalt formations for permanent carbon removal through in-situ mineralization.
Sirona’s DAC systems are modular and rapidly deployable and can be combined into large-scale carbon removal plants, unlocking a streamlined pathway for faster scaling with lowered costs with each new system deployment.
Relevant: Sirona Technologies And Cella Launch Jacaranda DAC Project In Kenya
Thoralf Gutierrez, CEO & co-founder of Sirona Technologies, commented, “Sirona is currently delivering projects across multiple regions, with the first commercial unit coming online in 2025 and further scaling in 2026.”
“We look forward to continuing to work with IMC and other climate-ambitious organizations that recognize both the responsibility and the advantage of supporting durable carbon removal today,” he added.
With this forward purchase, IMC will secure itself early access to high-quality carbon removal credits while helping Sirona accelerate the growth of its promising DAC initiative.
Read more: Sirona Technologies Announces $6.4M Seed Round To Scale Direct Air Capture In Africa
