Gulf Coast Sequestration (GCS) and Climeworks have joined forces to develop what is believed to be the first direct air capture (DAC) and storage hub on the Gulf Coast of Louisiana.
Under plans laid out in a Memorandum of Understanding (MoU) inked today (21st Nov), the duo hope to remove one million tonnes of carbon dioxide (CO2) from the air annually by 2030, with the capability to expand to many millions of tonnes a year in the near future.
The partnership has started dialogue with local stakeholders toward developing an informed community benefits plan to engage interested parties in the region through the planning and development of the project.
Governor John Bel Edwards said the announcement was a “crucial part” of Louisiana’s plan to achieve Net Zero carbon emissions by 2050. “This significant agreement between a pioneering Louisiana company and the global leader in DAC technology is another step forward in diversifying and growing our economy,” he stated.
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