Published by Todd Bush on October 25, 2024
Conceptual rendering for Project Cypress Southwest in Calcasieu Parish, La.
Calcasieu Parish, La. October 23, 2024 – Climeworks, a leader in carbon removal via Direct Air Capture (DAC), has announced another milestone for its portion of the Louisiana-based Project Cypress DAC Hub. Climeworks will partner with CapturePoint Solutions LLC for the transport and storage of CO₂ captured at Climeworks' facility in Southwest Louisiana. The partnership reflects a critical step forward in realizing what will be a million-ton Direct Air Capture (DAC) Hub.
>> In Other News: Verra Releases First Set of Modules for Carbon Capture and Storage
CapturePoint will take the captured carbon dioxide from Climeworks’ Calcasieu Parish-based DAC facility and transport it for permanent deep underground storage in Class VI wells at CapturePoint’s Central Louisiana Regional Carbon Storage Hub (CENLA Hub) in Vernon and Rapides Parishes.
The CENLA Hub is one of the largest onshore deep underground carbon storage centers under development in the United States with the capacity to permanently secure millions of tons of CO₂.
Daniel Nathan, Chief Project Development Officer at Climeworks:
“Louisiana is poised to take a leading position in building up the DAC industry here in the United States. Not only does the porous subsurface in the area offer ideal geologic conditions for safe and permanent storage of carbon dioxide, but the state also boasts an experienced workforce with the expertise needed to develop and build large-scale projects like DAC. We’re excited to share the momentum of this next step forward with CapturePoint.”
Climeworks’ flagship plant in Iceland, Orca, is the world’s first commercial Direct Air Capture and Storage (DAC+S) facility. In May of this year, Climeworks opened Mammoth, its second and largest commercial DAC+S plant, which is ten times larger than its predecessor.
"Climeworks is pioneering commercial scale Direct Air Capture projects, and the team at CapturePoint is excited to ensure that the CO₂ their Project Cypress facility captures from the atmosphere of southwestern Louisiana is permanently secured deep underground in our Central Louisiana Regional Carbon Storage Hub," said Tracy Evans, CEO of CapturePoint.
"The uniquely reliable geology of the CENLA Hub creates the potential for one of the safest and largest carbon management sites in the United States, attracting leading-edge companies like Climeworks that are driving the next generation economy of Louisiana."
The Project Cypress Southwest Hub will be built out in two stages. The first is projected to have a nameplate capacity of approximately 300,000 metric tons of CO₂ per year and the second will have a projected capacity of one megaton – or one million tons.
Climeworks’ portion of the Project Cypress DAC Hub will also usher in economic incentives for Southwest Louisiana.
Project Cypress is part of the Department of Energy’s Office of Clean Energy Demonstrations (OCED) Regional Direct Air Capture (DAC) Hubs program.
With an initial award of more than USD 50 million from OCED out of the total federal cost share of up to USD 550 million, Project Cypress partners are mobilizing an additional USD 51 million in private investment in this initial phase of the project.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 💥 North America's $170B Hydrogen Surge: Why 2025 is the Tipping Point ⚙️ First Centrifugal on Board Carbon Capture System Launches 🌾 AgriCapture Rice Methane Reduction Project R...
Inside This Issue 🏭 Baker Hughes to Acquire Chart Industries, Accelerating Energy & Industrial Technology Strategy ⛽ Next Hydrogen Launches Ontario’s Largest Onsite Clean Hydrogen Refuelling S...
Inside This Issue 💰 Gevo Sells Carbon Credits from North Dakota Asset ⚡ US Companies CPS Energy, Modern Hydrogen Agree to Work on Clean Power Generation Project ✈️ ESAF Takes Flight: Power-to-Liqu...
RYAM and GranBio Sign MOU to Explore Cellulosic SAF Project at Jesup Facility
JACKSONVILLE, Fla. - Rayonier Advanced Materials Inc. (NYSE: RYAM) (the “Company” or “RYAM”), the global leader in cellulose specialty products, announced today the signing of a Memorandum of Under...
The following statement may be attributed to Jessie Stolark, executive director of the Carbon Capture Coalition (the Coalition), a non-partisan collaboration of companies, labor unions, and NGOs bu...
Asahi Kasei to Supply 1 MW-Class Alkaline-Water Electrolyzer to Hydrogen Project in Finland
DÜSSELDORF, Germany & TOKYO & NOVI, Mich. - Asahi Kasei will supply its Aqualyzer™-C3 containerized 1 MW-class alkaline-water electrolyzer to the Central Finland Mobility Foundation (Cefmof...
Montreal, Quebec--(Newsfile Corp. - July 30, 2025) -- Quebec Innovative Materials Corp. (CSE: QIMC) (OTCQB: QIMCF) (FSE: 7FJ) ("QIMC" or the "Company"), a leading innovator in clean natural hydroge...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.