Boeing-backed startup to build carbon capture plant in Singapore
![Boeing-backed startup to build carbon capture plant in Singapore](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/02/5972.jpg)
Boeing-backed startup Equatic is constructing a demonstration plant in Singapore to extract carbon dioxide from the air and generate hydrogen, the company announced on Tuesday.
This initiative brings Equatic, a three-year-old company, closer to commercializing its innovative technology, which uses seawater and electrolyzers.
Once finished, the plant aims to capture around 3,650 metric tons of carbon dioxide and produce over 100 tons of hydrogen annually.
This output would rival the scale of Climeworks AG’s 4,000-ton-per-year facility, currently the world’s largest carbon removal plant.
Also read: Avnos secures $36 million funding for CO2 removal technology
A $20 million plant is being built alongside a water desalination facility in Tuas, Singapore. The project receives funding from PUB, Singapore’s National Water Agency, the National Research Foundation, Singapore, and the University of California, Los Angeles’s Institute for Carbon Management.
Singapore aims to achieve net zero emissions by 2050 and stresses the importance of carbon capture and hydrogen technologies due to its limited land area and renewable energy resources.
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