A Los Angeles-based company kicked off on Thursday what it said will be the first large-scale direct air capture (DAC) project to capture and store 5 million tons of carbon dioxide per year by 2030, benefiting from new U.S. government incentives.
CarbonCapture, founded by technology entrepreneur Bill Gross, announced the start of Project Bison in Wyoming with Frontier Carbon Solutions, marking a milestone as government and private investment pours into the nascent DAC climate technology.
DAC aims to pull CO2 from the ambient air through small, modular units. It differs from carbon capture and storage technology, which captures carbon emissions from the smokestacks of large facilities like power plants. That target is a full year ahead of Carbon Engineering’s first large-scale project in Texas with oil producer OccidentalIt would also remove significantly more carbon than rival DAC startup Climeworks, which announced in JuneIndustry experts say the passage of the IRA is a game-changer for the nascent DAC industry.
Project Bison is the latest climate technology project to be built in Wyoming, a long-time oil, gas and coal producing state that is eyeing new climate technologies like small-scale nuclear power and carbon storage to transition its fossil fuel economy. Some climate justice groups have opposed the Biden administration's support of what they say is unproven carbon removal technology, arguing that investment is better spent on proven renewable technologies.
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