Prompt Cast
Climeworks: Leading the Way in Carbon Capture Technology
TLDR Climeworks is at the forefront of carbon capture technology, using innovative solutions to remove CO2 from the air and convert it into renewable jet fuel. By partnering with companies like Microsoft, Climeworks aims to scale up the industry and create a new market focused on carbon removal.
Timestamped Summary
00:00
Wondery Plus subscribers can listen to "How I Built This" early and ad-free.
04:45
The technology for carbon capture involves using shipping containers with large fans to filter air and inject carbon into rocks underground, with Climeworks being a company that has built such facilities, including the largest one in Iceland, aiming to scale up the industry in the next 30 years.
09:30
Climeworks aims to create a sustainable cycle by capturing CO2 from the air and converting it into renewable jet fuel to address the need for long-term carbon removal.
14:01
Capturing CO2 from the air using technical solutions like Climeworks' machinery is 1000 times more area efficient than planting trees, making it a crucial part of achieving the goal of removing 10 billion tons of CO2 from the earth.
18:20
Climeworks' initial plants were not meant to reduce the CO2 content of the atmosphere, but rather to scale their technology by tapping into markets like Coca-Cola for temporary storage.
23:09
Climeworks aims to scale their technology by injecting CO2 into underground rocks to mineralize it, requiring significant capital investment to build large facilities for CO2 capture.
27:40
Climeworks plans to scale their technology by deploying modular CO2 collectors in large numbers, with the goal of eventually creating a new industry comparable in size to today's oil and gas industry.
32:01
Climeworks' plant in Iceland, powered by geothermal energy, has a nominal capacity of 4,000 tons of CO2 per year and serves as a commercial facility for providing CO2 removal services to corporate and private customers.
36:56
Companies like Microsoft pay Climeworks to remove a certain amount of CO2 from the atmosphere in a permanent and safe way, which not only helps them provide CO2 neutral or negative products to their customers but also contributes to the growth of a new industry focused on carbon removal.
41:14
Pioneering customers are enabling Climeworks to scale up and develop new technology, setting the stage for a profitable business in the future focused on carbon removal.
Categories:
Business
