Swiss company that counts Microsoft as a customer says it's removed CO2 from the air and put it in the ground
Publishing timestamp: 2023-01-12 11:07:36
Summary
Swiss company Climeworks has successfully taken carbon dioxide out of the air and put it in the ground where it will turn into rock. Companies like Microsoft, Stripe and Shopify have paid Climeworks in advance to offset their future carbon emissions. The process has been verified by an independent third-party auditor. Climeworks has raised over $780 million from investors to scale up their technology. They have begun construction of their second commercial-sized plant in Iceland that will capture and store 36,000 metric tons of carbon dioxide per year.
Sentiment: POSITIVE
Keywords: shopify inc, climate, carbon capture, switzerland, start-up, business news, technology, venture capital, microsoft corp, carbon removal,