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Climeworks signs contract with Morgan Stanley to remove CO2

Oct 24, 2024•over 1 year ago

Contract Type

contract

ZurichInformation Technology

Description

Climeworks has signed a major contract with banking giant Morgan Stanley to remove 40,000 tonnes of CO2 from the atmosphere on behalf of the American company. The partnership aims to accelerate activities launched in the US, with support from the US Department of Energy, and runs until 2037.

Company Information

Company

Climeworks

Location

Zurich, Zurich, Switzerland

About

Climeworks is a leading high-quality carbon removal provider, combining decades of expertise in Direct Air Capture (DAC) technology with holistic carbon removal solutions. Climeworks offers an end-to-end enterprise service for premium carbon removal. Our tailored portfolios of nature-based and engineered solutions are designed to maximize business value and minimize risks. We run the world's first two DAC plants in Iceland, demonstrating our core commitment to high-quality carbon removal that is backed by over 15 years of pioneering research, development, and deployment. By advancing the most reliable solutions in the market, Climeworks accelerates the global transition to net zero, unlocking economic value for businesses, governments, and society.

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