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Louisiana DAC Hub

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Carbon capture specialist Gulf Coast Sequestration (GCS) and direct air capture (DAC) firm Climeworks said Monday that they have signed a memorandum of understanding to develop the first DAC and storage hub in the US state of Louisiana. The companies said their partnership will "aim to enable the permanent removal" of 1 million tons/yr of CO2 from the air through 2030, with expansions potentially increasing that number in the future. They added that they have begun talking to local stakeholders and interested parties to develop "an informed community benefits plan" for the hub.

Topics:
Corporate Strategy , Carbon Capture (CCS), CO2 Emissions
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