This carbon will be permanently stored underground, on site.
The facility is set to enter operation in 2028, a Skytree representative told TNW via email.
They will generate revenue from the plant by selling carbon credits to companies looking to offset their emissions.
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Project Concho will deploy dozens of these units in unison, to make one single hub.
The developers plan to power the hub using an onsite wind farm, built by Spanish energy firm Greenalia.
This would make it the worlds first DAC project fully powered by wind energy, they said.
A symbiotic relationship?
Alexandre Alonso, SVP of Business Development at Greenalia, called this a game-changer for renewable energy projects.
This builds on the 45Q tax credit laid out in the 2022 Inflation Reduction Act.
The incentive provides up to $180 per metric ton of CO2 captured and stored.
Story bySion Geschwindt
Sion is a freelance science and technology reporter, specialising in climate and energy.
