The project was initially designed to remove 30,000 tonnes of carbon per year from the atmosphere, with the ultimate goal being to achieve this capacity. Half a million tons by 2028 subtract. The captured carbon will be stored underground in the area where the facility is located. This is an innovative initiative that aims to provide a solution that is both environmentally and commercially sustainable.
The financing of the project is based in the Netherlands. Return Carbon and US Verified Carbon It is provided through a joint venture between companies. The duo plans to cover the facility’s operating costs by selling carbon credits. These credits offer a great opportunity to companies that want to reduce their carbon emissions.
Amsterdam-based Skytree will provide the carbon capture machines to be used in the project. Founded in 2014, the company’s technology International Space StationTo clean excess carbon dioxide from astronauts’ breath Developed inspired by the carbon filters used. Project Concho, Skytree’s industrial-scale carbon capture machine Stratus It will be a carbon capture center where devices work together. This technology can be used for both small and large-scale applications.
Project Concho meets energy needs Spanish energy company Greenalia one to be built by from the wind farm will meet. The project comes at a time when carbon capture projects in the United States are rapidly increasing. The Biden-Harris administration announced last month that it would provide up to $1.8 billion in funding to support carbon capture technologies. The US provides support of up to $180 per metric ton of such captured and stored CO2.
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