Carbon Iceland uses a technology, more than 10 years in the making, that has been developed by our partner, Carbon Engineering. This Direct Air Capture technology allows companies like Carbon Iceland to capture millions of tonnes of carbon dioxide (CO2) from the atmosphere. We believe that capturing CO2 from the atmosphere is a key factor in fighting climate change because the atmosphere already has large quantities of CO2 emitted in the past that remains trapped in our atmosphere. According to latest measures, there are hundreds of billions of excess amounts of CO2 that will be in existance for a long time, unless we utilize carbon removal soulutions like direct air capture.
Carbon Engineering, our partner company, has a pilot facility in Squamish, Canada, where the company has fully demonstrated the Direct Air Capture technology that is now being commercialized across continents.
Our goal into the future is to build facilities that will each capture one million tons of CO2 from the air each year. We believe these Direct Air Capture plants will work alongside solutions like renewable electricity and energy efficiency to play a key role in addressing climate change.
