The opening of the country’s first commercial direct air capture plant, developed by San Francisco startup [Heirloom](https://www.heirloomcarbon.com/), capped off a big week for the still-nascent CDR industry.
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On Tuesday, BlackRock made a $550 million investment in Occidental Petroleum subsidiary 1PointFive’s West Texas Stratos project, and Charm Industrial also announced the opening of a second Colorado location for its biomass processing operations.
The crowd — with nametags ranging from Silicon Valley Bank and JP Morgan to Amazon and Mitsubishi — was rewarded for making the trek with a tour of the plant and a high-profile speaker lineup that included Energy Secretary Jennifer Granholm, California Lieutenant Governor Eleni Kounalakis, and Pacific Gas & Electric CEO Patricia Poppe.
But the ribbon-cutting also underscored the long road ahead for the technology.
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by AnnaBishop1138
1 comment
Gotta love the notion emitting carbon then capturing it is a good thing when we can mitigate carbon emissions in the first place.