What companies are busy with DAC direct air capture

Several companies are actively involved in the development and implementation of Direct Air Capture (DAC) technology, which is a crucial step in combating climate change by removing carbon dioxide from the atmosphere. Here are some key players in the DAC space: 1. **Climeworks**: This Swiss-based company is a pioneer in the field of DAC. They have partnered with Coca-Cola Hellenic Bottling Company in Switzerland to provide air-captured CO₂ for carbonating Valser sparkling mineral water. Climeworks aims to capture 1% of global CO₂ emissions by 2025, aligning with the growing demand for sustainable practices in the beverage industry. 2. **Occidental Petroleum**: Occidental Petroleum is leveraging its expertise in carbon dioxide usage in the oil industry to become an early leader in carbon capture and storage (CCS). The company has received significant funding from the U.S. Department of Energy to accelerate the development of its next DAC facility, with the potential to capture a share of the projected $3 to $5 trillion global market opportunity. 3. **Google**: Google has made a significant move in the carbon capture space by striking a deal with Holocene for the forward delivery of 100,000 metric tons of direct air capture credits at $100/mt, which is the lowest price on record. This deal is a testament to Google's commitment to reducing its carbon footprint and supporting the growth of carbon capture technologies. 4. **Holocene**: As a startup with a novel approach to carbon capture, Holocene has attracted notable investors and partners, including Google. Their technology, which uses a chemical process to capture CO₂ from the air, is designed to be more energy-efficient and cost-effective than traditional methods. 5. **Microsoft and JPMorgan Chase**: Both Microsoft and JPMorgan Chase have been clients of Climeworks, indicating their investment in DAC technology and commitment to sustainability. These companies represent a diverse range of industries and approaches to DAC, but they all share a common goal: to make a significant impact on reducing atmospheric CO₂ levels and mitigating climate change. Their efforts are not only beneficial for the environment but also highlight the growing potential for innovation and investment in carbon capture technologies.