Airbus invests in climate solutions company

Airbus is investing in Carbon Engineering Ltd., a Canada-based climate solutions company, which operates the world’s largest Direct Air Carbon Capture (DACC) research and development facility.

The investment will help fund a portion of Carbon Engineering’s advanced direct air capture R&D technologies at the company’s innovation center in Squamish, British Columbia, Canada.

“Carbon Engineering’s Direct Air Capture technology provides a scalable and affordable solution to decarbonize aviation,” said Daniel Friedmann, CEO of Carbon Engineering. “We are grateful to Airbus for taking action and continuing to lead the way in helping to accelerate industry and climate solutions.”

“We are proud to invest in Carbon Engineering, reaffirming our commitment to using direct carbon capture from the air as a dual solution for the decarbonization of the aerospace industry,” said Karine Guenan, VP ZEROe Ecosystem, Airbus.

DACC is a high-potential technology that involves capturing CO2 emissions directly from the air using high-powered fans. Once removed from the air, the CO2 can be used to produce power-to-liquid Sustainable Aviation Fuel (SAF) that is compatible with today’s aircraft.

As the aviation industry cannot capture all CO2 emissions released into the atmosphere at source, captured atmospheric CO2 can also be safely and permanently stored in geological reservoirs. This latest carbon removal solution would allow the sector to extract the equivalent amount of emissions from its operations directly from the air, thereby offsetting residual emissions.

Investment in Carbon Engineering is a key part of Airbus’ global climate strategy, which encourages the development and deployment of direct air capture technology, among a number of technology pathways in support of ambitions decarbonization of the aeronautical industry. The transaction is also a key part of Airbus’ strategy to increase its contribution to the Canadian economy. Airbus is supporting Canada’s recently launched key cleantech industrial capability under the Industrial and Technological Benefits Policy.

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