Carbon finance company Respira International has announced its plan to buy up to 50,000 carbon removal credits from Capture6.
Capture6 is a water-positive carbon dioxide removal (CDR) company based in New Zealand and California, USA, with a focus on developing and commercializing highly scalable CDR approaches.
The company leverages its direct air capture (DAC) technology to create a bridge between carbon removal and water security by combining it with desalination facilities, which allows the recovery of more than 50% of freshwater from desalination waste brine for drinking and industrial purposes, while also removing CO2 from the atmosphere.
With this new planned purchase, Respira will be making its first investments in a DAC project, thus expanding its portfolio of engineered carbon removals.
Last year, Respira signed a Memorandum of Understanding (MOU) with Drax for the purchase of up to 2 million metric tonnes of carbon dioxide removal (CDR) certificates, generated via a process known as bioenergy with carbon capture and storage (BECCS).
Ana Haurie, CEO of Respira said in a statement: “The voluntary carbon market is going to be vital if we are to tackle the climate crisis and we must use all of the tools at our disposal.
This new agreement enhances our portfolio of nature-based projects that are reducing carbon emissions today, with an exciting new technological solution that will be an important part of removing carbon from the atmosphere into the future.”
Respira’s intention to invest in Capture6’s technology clearly demonstrates its support for the company’s ambition to both decarbonize industries and increase freshwater supply.