Direct air capture (DAC) technology is gaining traction as a potential solution to address climate change by removing carbon dioxide from the atmosphere. While still in its early stages, DAC offers a way to combat the effects of fossil fuel emissions and contribute to carbon neutrality goals.
The current cost of capturing carbon dioxide using DAC is significantly high, hindering its widespread adoption. Startups and established companies are actively working to make the technology more commercially viable by reducing costs.
Phlair, a DAC startup, is exploring a new approach that utilizes a pH swing method to capture carbon dioxide.
Phlair is currently deploying a pilot project that will capture approximately 10 metric tons of carbon per year. The company is also developing larger plants that will have a capture capacity of 260 metric tons per year.
Phlair has secured €12 million in seed funding and a €2.5 million grant from the EU's EIC Accelerator. This investment demonstrates growing confidence in the potential of direct air capture technology.
Direct air capture technology has the potential to play a significant role in mitigating climate change by removing existing carbon dioxide from the atmosphere.
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