US-based CarbonCapture on Thursday (8th Sept) announced a new partnership with Frontier Carbon Solutions to develop Project Bison, with hopes that it will be operational at the end of next year (2023).
It is believed to be the first atmospheric carbon removal facility to use Class V1 wells for permanent storage as well as the first massively scalable DAC project in the US.
Adrian Corless, CEO and Chief Technology Officer of CarbonCapture, said, “With the passage of the Inflation Reduction Act, the proliferation of companies seeking high-quality carbon removal credits, and a disruptive low-cost technology, we now have the ingredients needed to scale DAC to megaton levels by the end of this decade.”
“We plan to have our first DAC modules fielded by the end of next year and to continue installing capacity as quickly as modules come off our production line. Our goal is to leverage economies of scale to offer the lowest priced DAC-based carbon removal credits in the market.”
Wyoming was selected as the project’s location due to the broad availability of renewable and zero carbon energy sources as well as the favourable regulatory and operating environment for carbon storage.
Robby Rockey, President and Chief Operating Officer of Frontier Carbon Solutions, said, “Safe, permanent carbon storage and direct air capture are foundational to a low-carbon economy.”
“With CarbonCapture’s DAC technology and Frontier’s storage assets, this partnership will scale these critical industries in Wyoming, ultimately bringing more investment capital and jobs to the state.”