The U.S.-based facility hopes to capture CO2, roughly the equivalent of 5 million return flights between London and New York annually.
removal facility in the United States to use Class VI wells for long-term storage. It is anticipated to be operational by late 2023.
"Safe, permanent carbon storage and direct air capture are foundational to a low-carbon economy," said Robby Rockey, President, and COO of Frontier Carbon Solutions, a portfolio company of Tailwater Capital."With CarbonCapture's DAC technology and Frontier's storage assets, this partnership will scale these critical industries in Wyoming, ultimately bringing more investment capital and jobs to the state.
The majority of carbon capture methods aim to keep the atmosphere from being exposed to at least 90 percent of the CO2 in smokestacks. However, as the technology gets closer to being 100 percent efficient, it becomes more expensive and requires more energy to capture more CO2. The most typical method involves cooling the exhaust gas and pumping it into a chamber filled with chemical "scrubbers" that bond to CO2 molecules.