Corbin Hiar of E&E News reports that carbon removal technology has reached a milestone with the opening of the Ocra plant in Iceland.
- The Orca plant in Iceland was constructed by Swiss company ClimeWorks AG with help from Microsoft, Swiss Re, and other investors.
- The plant will be able to remove 4,000 metric tons of CO2 annually and store it permanently underground, while using emissions-free geothermal energy to power its operations.
- This milestone for carbon removal technology shows that markets, not mandates, are leading the way to a cleaner energy future.
Read the full article here.