Overview

• Climeworks' Mammoth, the largest facility of its kind, aims to capture 40,000 tons of CO2 annually using groundbreaking technology.
• Strategically located near geothermal energy sources, the facility leverages natural power for its operations, reducing its carbon footprint.
• The technology involves converting CO2 into solid minerals underground, a process that could revolutionize carbon storage.
• Despite its potential, the facility's impact on global emissions remains minimal, underscoring the need for broader adoption and technological advancements.
• Climeworks envisions a significant cost reduction in carbon capture, aiming for $300 per ton by 2030, which could enhance its feasibility and implementation.