Dutch startup picked for $100M wind-powered carbon capture plant in Texas

Quick Summary:

Amsterdam-based startup Skytree is set to deploy its carbon-sucking machines on a newly announced carbon capture and storage project in Texas, US.  Dubbed "Project Concho,” the $100mn Direct Air Capture (DAC) plant aims to vacuum up 50,000 tonnes of carbon from the atmosphere annually, permanently store it, and then sell carbon credits to companies looking to offset their emissions.  Project Concho is masterminded by carbon capture developers Return Carbon, from the Netherlands, and Verified Carbon, from Texas.

The partners have chosen Skytree to do the carbon vacuum cleaning.

The developers plan to power the hub using an onsite wind farm, built by Spanish energy firm Greenalia.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Siôn Geschwindt

Category: Technology

Markets: NetherlandsCanadaSouth Africa

Topics: Insider Startups and technology Sustainability

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 13:00:57 (20 hours ago)

News Timezone: GMT +1:00

News Source URL: thenextweb.com

Language: English

Article Length: 646 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Next Web

News ID: 23739514

View Article Analysis

About The Next Web

Main Topics: Technology

Official Website: thenextweb.com

Update Frequency: 2 posts per day

Year Established: 2006

Headquarters: Netherlands

News Last Updated: 1 days ago

Coverage Areas: Netherlands

Ownership: Independent Company

Publication Timezone: GMT +1:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #13

Publisher Details

Frequently Asked Questions