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Climeworks 'Mammoth' meets annual CO2 capture target by end of 2025?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Official annual report from Climeworks or verified news sources reporting on Climeworks' performance
Story
Climeworks Opens World's Largest Carbon Capture Plant in Iceland, Targets 36,000 Tons Annually
May 8, 2024, 07:30 PM
Climeworks has launched the world's largest direct air capture facility named 'Mammoth' in Hellisheiði, Iceland. The plant aims to extract 36,000 tons of CO2 from the atmosphere annually and has a theoretical maximum capacity of 1 million tons of CO2 per year. Critics argue about the high costs associated with the technology, noting that it costs $1,000 per ton to remove CO2 at this facility, compared to other methods like those offered by Terrapass for $6.25 per ton. Despite skepticism regarding its practicality and cost-effectiveness, Climeworks CEO Christoph Gebald stated that the challenge of carbon removal can't be met by a single solution but requires scaling promising technologies.
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Similar markets
Yes • 50%
No • 50%
Below 10,000 tons • 25%
10,001 to 20,000 tons • 25%
20,001 to 35,999 tons • 25%
36,000 tons or more • 25%
No expansion • 25%
One new plant announced • 25%
Two new plants announced • 25%
Three or more new plants announced • 25%
Under 500,000 tons • 25%
500,000 to 1 million tons • 25%
1 million to 1.5 million tons • 25%
Over 1.5 million tons • 25%
Climeworks • 33%
Carbon Engineering • 33%
Other companies • 34%
