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Top related persons:
Kara Hurst - 1 Amazon's - 1 We're - 1 Brian Marrs - 1 Microsoft's - 1 Hurst - 1
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1PointFive CarbonCapture Inc California Paris
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Amazon - 1 STRATOS - 1 CarbonCapture - 1 Microsoft - 1 U.S . Department of Energy - 1 Law - 1

Search resuls for: "CarbonCapture"


2 mentions found


☆ Amazon follows Microsoft, investing big in carbon capture
  + stars: | 2023-09-12 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +3 min
After a recent infusion of government money into technology that sucks carbon out of the air, big business is getting in as well. Amazon announced Tuesday that it will help fund the world's largest deployment of direct air capture (DAC) technology by purchasing a quarter of a million metric tons of carbon removal over the next decade from STRATOS, the first DAC plant from 1PointFive, a carbon removal technology company. The carbon that is removed through the air capture systems will then be stored underground in saline aquifers, which are large rock formations saturated in salt water. "With these two new investments in direct air capture, we aim to target emissions we can't otherwise eliminate at their source," Kara Hurst, Amazon's VP of worldwide sustainability, said in a release. Amazon's announcement comes on the heels of Microsoft 's news that it has agreed to buy carbon credits from California-based startup Heirloom Carbon, which uses limestone to remove carbon from the atmosphere.
Persons: Kara Hurst, Amazon's, We're, Brian Marrs, Microsoft's, Hurst Organizations: Amazon, STRATOS, CarbonCapture, Microsoft, U.S . Department of Energy, Law Locations: 1PointFive, CarbonCapture Inc, California, Paris
☆ Facing brutal climate math, US bets billions on direct air capture
  + stars: | 2023-04-18 | by ( Susanna Twidale Valerie Volcovici Simon Jessop Peter Henderson | Susanna Twidale | Valerie Volcovici | ) www.reuters.com   time to read: +8 min
[1/4] A view of a computer-rendered image of Climeworks' Mammoth direct air capture plant is seen in this undated handout picture obtained by Reuters, June 28, 2022. Leading the charge, the U.S. government has offered $3.5 billion in grants to build the factories that will capture and permanently store the gas - the largest such effort globally to help halt climate change through Direct Air Capture (DAC) and expanded a tax credit to $180/tonne to bolster the burgeoning technology. The sums involved dwarf funding available in other regions, such as Britain which has pledged up to 100 million pounds ($124 million) for DAC research and development. That compares with $12 billion in federal spending to drive demand for personal and commercial electric vehicles, Boston Consulting Group estimated. Occidental Petroleum has said it is well positioned for federal grants for what could be the biggest Direct Air Capture plants in the world.
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