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Ticker
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Sector
Energy
Industry
Integrated Oil & Gas
Description
CO2Rail was founded in 2021 with the goal of revolutionizing transportation by becoming the world's first carbon-negative mode of heavy transport. Their expertise lies in rail technology and sustainability, specifically in the areas of Direct Air Capture (DAC) and Locomotive Emissions Mitigation (CCS).
The company's proprietary technology utilizes specially designed railcars equipped with CO2 direct air capture systems, compression equipment, and battery arrays. These railcars can be deployed on both diesel and electrified rail lines, making them versatile and adaptable to different rail networks.
One of the key advantages of CO2Rail's technology is its ability to harness the sustainable energy generated on-board the train through regenerative braking. This means that no external energy inputs are required, making the system highly efficient and self-powered.
At scale, CO2Rail aims to achieve a net LCA CO2 efficiency of around 93%, taking into account the carbon debt incurred during the transportation of the reclaimed CO2 to geological sequestration sites. The harvested CO2 can either be permanently stored underground or used as feedstock for the circular carbon economy.
Overall, CO2Rail's rail-based, self-powered, dual-mode DAC and CCS technology has the potential to significantly reduce carbon emissions in the transportation sector and contribute to a more sustainable future.
Startup
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