Morgan Stanley Signs Multi-Year Carbon Removal Deal with Climeworks

Mark Segal • October 28, 2024

"Zurich-based Direct Air Capture (DAC) carbon removal company Climeworks announced today that it has signed an agreement with Morgan Stanley to permanently remove 40,000 tons of CO2 through 2037."

"Founded in 2009, Zurich-based Climeworks has emerged as a leading DAC provider. The company recently announced the start-up of Mammoth, the largest DAC plant in the world to date, with anticipated capability to remove up to 36,000 tons of CO2 per year, and it is currently participating in the development of three megaton hubs in the U.S. that were selected by the US Department of Energy (DOE) for public funding of more than $600 million, including the Louisiana-based Project Cypress, which has recently been granted an initial $50 million to kickstart the project."


Link: https://www.esgtoday.com/morgan-stanley-signs-multi-year-carbon-removal-deal-with-climeworks/

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