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Total CO2 captured by Climeworks 'Mammoth' by end of 2025
4
Resolution / Starting Odds
Below 20,000 tons • 25%
20,000 to 35,999 tons • 25%
36,000 to 50,000 tons • 25%
Above 50,000 tons • 25%
Official reports from Climeworks or environmental monitoring agencies
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
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%
Yes • 50%
No • 50%
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%
0-10% increase • 25%
11-20% increase • 25%
21-30% increase • 25%
Reduction in emissions • 25%
Less than 90 million bpd • 33%
90-95 million bpd • 33%
More than 95 million bpd • 33%
No reduction • 25%
Reduction up to 5% • 25%
Reduction of 5%-10% • 25%
More than 10% reduction • 25%
Under 50 MW • 20%
50-100 MW • 20%
100-150 MW • 20%
150-200 MW • 20%
Over 200 MW • 20%