LAKE CHARLES, La.–(BUSINESS WIRE)–Gulf Coast Sequestration (GCS), a Louisiana-based company building the largest carbon sequestration center in North America, and leading direct air capture (DAC) company, Climeworks, today announced the signing of a Memorandum of Understanding (MOU). Their partnership aims to permanently remove one million tons of carbon dioxide from the air annually by 2030, with the ability to expand to multimillion-ton capacity in the coming years.
Climeworks and GCS are industry pioneers bringing cutting-edge innovations to carbon dioxide (CO2) removal and safe, permanent storage. GCS combines Climeworks’ breakthrough DAC technology with a well-studied geological pore space ideally suited for a world-class carbon storage project.
Climeworks and GCS have entered into a dialogue with local stakeholders to develop an informed community benefits plan that will engage interested parties in the area throughout the planning and development of the project.
“Congratulations to Climeworks and Gulf Coast Sequestration on announcing this innovative collaboration,” said Louisiana Gov. John Bel Edwards. “Louisiana is fast becoming a leader in the global energy transition, and carbon capture and sequestration is a critical part of our plan to achieve net-zero carbon emissions by 2050. This significant agreement between a pioneering Louisiana company and a global leader in direct air capture technology is another step forward in diversifying and growing our economy.”
“Louisiana is at the forefront of direct air capture innovation,” said Senator Bill Cassidy, MD. “This agreement is a huge step forward for our state and everyone working to strengthen our economy, create jobs in Louisiana and reduce global carbon emissions. ”
“Direct Air Capture (DAC) is a key technology to remove unavoidable and historic CO2 from the air,” said Jan Wurzbacher, Co-CEO of Climeworks. “Climeworks is excited to work with GCS to develop a US hub to expand the DAC industry and support a more economically and environmentally sustainable future in Louisiana.”
“Carbon capture and sequestration (CCS) is a key component of today’s energy transition and provides an immediate path to rapid decarbonization,” said Gray Stream, president of the Stream Companies, which owns GCS. “Direct Air Capture (DAC) offers an inspiring opportunity to achieve net zero or even negative carbon emissions. Together, GCS and Climeworks are uniquely positioned to make this promise a reality in the Gulf Coast Industrial Corridor.”
Gulf Coast Sequestration (GCS) is the leading carbon sequestration solution in the United States, working with industrial customers to capture and safely contain CO₂ underground.
Initially focused on the industrial corridor between Southwest Louisiana and Texas, GCS anticipates it will be the first operational carbon storage hub on the Gulf Coast. With an estimated launch date of 2024, the hub will remove 10 million tons of CO₂ emissions from the atmosphere annually.
More information about GCS is available online at www.gcscarbon.com.
Climeworks empowers people and businesses to fight global warming by offering carbon removal as a service via Direct Air Capture (DAC) technology.
Climeworks is a global leader in direct air capture with the world’s largest DAC facility and storage installation currently operational and a team of 300 Climeworkers determined to contribute to a net zero future. Climeworks’ growing customer base includes over 160 companies including Microsoft, Stripe, Shopify and BCG, as well as more than 16,000 individual climate pioneers.
Founded in 2009 by engineers Christoph Gebald and Jan Wurzbacher, Climeworks is on its way to studying the effects of climate change on a large scale. To do this, we strive to inspire 1 billion people to take action and remove CO2 from the air.
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