PWC News
Saturday, February 7, 2026
No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
No Result
View All Result
PWC News
No Result
View All Result

Phlair, Carbon Removal to Develop Largest DAC Carbon Removal Project in Europe – ESG Today

Home ESG Business
Share on FacebookShare on Twitter


Direct air seize (DAC) expertise firm Phlair and undertaking developer Carbon Removing, by way of its subsidiary NorDAC Kollsnes AS, introduced a brand new settlement to construct Europe’s first large-scale DAC carbon elimination and geological storage undertaking in Øygarden, Norway.

The plant might be situated subsequent to the Northern Lights carbon transportation and storage undertaking in Norway, with the undertaking initially concentrating on 60,000 tonnes of CO2 elimination per 12 months, scaling to an anticipated 500,000 tonnes within the undertaking’s second section.

DAC expertise, listed by the IEA as a key carbon elimination choice within the transition to a net-zero power system, extracts CO2 immediately from the ambiance to be used as a uncooked materials or completely eliminated when mixed with storage.

Phlair’s DAC system is designed to run purely on photo voltaic electrical energy and to be load-flexible, enabling it to help the electrical energy grid whereas holding CO2 elimination prices low, with the businesses claiming that the undertaking ought to show how DAC can scale sustainably in coordination with renewable power infrastructure. Captured carbon might be completely saved or used for CO2-negative chemical substances.

Malte Feucht, Phlair’s CEO, stated:

“Europe is at a turning level and might develop into a pacesetter in carbon administration. We’re laying the foundations for large-scale, everlasting carbon elimination.”

Underneath the brand new partnership, Phlair will provide its hydrolyzer modules and engineering companies, set up, and commissioning, whereas NorDAC might be chargeable for the remaining infrastructure, undertaking improvement, and operations. Through the contract interval, Carbon Removing might be Phlair’s unique DAC buyer in Norway.

In accordance with the businesses, the undertaking is about to be in Norway due to the area’s out there infrastructure for CO2 storage and its 100% renewable energy grid.

Eirik Lilledahl, Carbon Removing’s Founder and Chair, stated:

“We strongly consider within the prospects of DAC in Norway and the potential that DAC has as large-scale contributor to the struggle in opposition to local weather change.



Source link

Tags: carbonDACDevelopESGEuropelargestPhlairprojectRemovalToday
Previous Post

TRON DAO joins EthCC as WAGMI Sponsor, co-hosts events with MetaMask and Arkham

Next Post

Microsoft shuts down Pakistan operations after 25 years, claims founding CEO; Ex-Pak President calls it a troubling sign for economy

Related Posts

Canada Drops Zero Emission Vehicle Sales Mandate for Automakers – ESG Today
ESG Business

Canada Drops Zero Emission Vehicle Sales Mandate for Automakers – ESG Today

February 7, 2026
Texas Judge Strikes Down Law Blacklisting Investment Firms that “Boycott” Fossil Fuel Companies – ESG Today
ESG Business

Texas Judge Strikes Down Law Blacklisting Investment Firms that “Boycott” Fossil Fuel Companies – ESG Today

February 6, 2026
Meta Inks Solar Energy Purchase Agreement with Zelestra in Texas – ESG Today
ESG Business

Meta Inks Solar Energy Purchase Agreement with Zelestra in Texas – ESG Today

February 5, 2026
Impax Converts Global Sustainable Infrastructure Fund into ETF – ESG Today
ESG Business

Impax Converts Global Sustainable Infrastructure Fund into ETF – ESG Today

February 4, 2026
Iberdrola, NBIM Scale Clean Energy Partnership to 1.5 GW – ESG Today
ESG Business

Iberdrola, NBIM Scale Clean Energy Partnership to 1.5 GW – ESG Today

February 3, 2026
responsAbility Wins €200 Million Emerging Markets Impact Investing Mandate from Stella – ESG Today
ESG Business

responsAbility Wins €200 Million Emerging Markets Impact Investing Mandate from Stella – ESG Today

January 31, 2026
Next Post
Microsoft shuts down Pakistan operations after 25 years, claims founding CEO; Ex-Pak President calls it a troubling sign for economy

Microsoft shuts down Pakistan operations after 25 years, claims founding CEO; Ex-Pak President calls it a troubling sign for economy

CySEC Says Former FTX EU Now Trek Labs Meets Compliance, Lifts Suspension

CySEC Says Former FTX EU Now Trek Labs Meets Compliance, Lifts Suspension

How Regulatory Changes in Europe, APAC Can Influence ESG Investments in the US | Investing.com

How Regulatory Changes in Europe, APAC Can Influence ESG Investments in the US | Investing.com

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Shell Q4 Earnings Decline on Lower Prices; Maintains Buybacks, Dividend and Capex Discipline | AlphaStreet
Markets

Shell Q4 Earnings Decline on Lower Prices; Maintains Buybacks, Dividend and Capex Discipline | AlphaStreet

by PWC
February 6, 2026
0

Shell plc (NYSE: SHEL) reported fourth-quarter 2025 adjusted earnings of $3.3 billion, reflecting decrease commodity costs, seasonally weaker downstream efficiency...

Visionary Budget with long-term growth focus: R Doraiswamy, LIC

Visionary Budget with long-term growth focus: R Doraiswamy, LIC

February 1, 2026
Shiba Inu Price Prediction: How High Can $SHIB Go In The Next Crypto Rally?

Shiba Inu Price Prediction: How High Can $SHIB Go In The Next Crypto Rally?

February 1, 2026
Trump’s attempt to weaken the US dollar spells ‘real trouble’: analysis

Trump’s attempt to weaken the US dollar spells ‘real trouble’: analysis

February 6, 2026
Researchers say no evidence of TikTok censorship, but they remain wary

Researchers say no evidence of TikTok censorship, but they remain wary

February 6, 2026
Israeli weather satellite co Tomorrow.io raises 5m

Israeli weather satellite co Tomorrow.io raises $175m

February 3, 2026
PWC News

Copyright © 2024 PWC.

Your Trusted Source for ESG, Corporate, and Financial Insights

  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis

Copyright © 2024 PWC.