Swiss start-up Climeworks has opened its third carbon capturing plant. The site, in Troia, Italy, will capture 50150 mt of CO2 annually and convert it into methane for trucks running on clean fuel. Climeworks already has a site in Switzerland processing 900 mt per year, which is fed to a greenhouse. The CO2 from the company’s 150 mt plant in Iceland is injected underground. The latest site was mainly funded by an EU research grant. It currently costs up to $800/mt to capture CO2, but that cost should fall as more plants are opened, Climeworks said.
Swiss start-up Climeworks has opened its third carbon capturing plant. The site, in Troia, Italy, will capture 150 mt of CO2 annually and convert it into methane for trucks running on clean fuel. Climeworks already has a site in Switzerland processing 900 mt per year, which is fed to a greenhouse. The CO2 from the company’s 50 mt plant in Iceland is injected underground. The latest site was mainly funded by an EU research grant. It currently costs up to $800/mt to capture CO2, but that cost should fall as more plants are opened, Climeworks said.