Canadian carbon-capture firm exceeds financing target, will establish first commercial operation

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Canadian carbon-capture firm exceeds financing target, will establish first commercial operation GlobeBusiness

This illustration provided by Carbon Engineering in October 2018 shows one of the designs of the company's devices used to remove carbon dioxide from the atmosphere.Canada-based Carbon Engineering has exceeded its financing target which will enable it to deploy its first commercial operation to remove carbon dioxide directly from the air, it said on Thursday.

The firm told Reuters in January that it expected to reach a $60 million financing target by the end of the first quarter.It said on Thursday it has completed an equity financing round of $68 million, the largest private equity investment made into a direct air capture company to date. The company has been removing CO2 from the atmosphere since 2015 at a pilot plant in British Columbia and converting it into fuel which can power cars, trucks and aeroplanes since 2017.

 

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globebusiness Just dump it in the oil pits. Nobody uses them anyway. Can i get 2 billions for this idea please?

globebusiness I have seen a presentation on this technology . Carbon capture on large emitters and urban areas is the way to go . Carbon tax is nothing more than window dressing and a money grab.

globebusiness YES SEE HOW MUCH BETTER IT WORKS THAN FIELDS OF MARJAUNA GROWING WILD OVER THE PLANET. THANKS TO THE USA AND CANADA THE NATIONS WHO LEADERS HAVE THERE HEADS UP THERE ASSES THEY CAN ONLY SEE WHAT THERE FLESH NEEDS TODAY ITS ALL ABOUT THE PRIVLEDGED AND PAMERED BEING HAPPY 2 DIE

globebusiness Beauty if can we install them on coal fired power plants as emission scrubbers/collectors..Win/schting$$

globebusiness The irony of a gas guzzling pickup being parked beside their carbon capture machine is amusing

globebusiness No hush this up we only believe in carbon taxes!!!!

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