South China Morning Post on Nostr: Swiss unicorn makes green investment pitch to Hong Kong investors ========== ...
Swiss unicorn makes green investment pitch to Hong Kong investors
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Climeworks, a Swiss carbon capture company, is seeking Hong Kong investors for projects costing between US$2 billion and US$3 billion; discussions are advanced but require long-term investment; co-founder Christoph Gebald emphasizes the need for investors focused on a 20-year horizon; Climeworks has raised US$650 million in April 2022, valuing the company over US$1 billion; it operates the world's largest carbon capture plant in Orca, Iceland, capturing 2,000 tonnes annually; a second plant in Mammoth, Iceland, will capture 10,000 tonnes, and a third in Louisiana aims for 200,000 tonnes; Climeworks targets 2 million tonnes of annual capacity by 2030 and 1 billion tonnes by 2050; 2.45 billion tonnes of capacity needed by 2050 to limit warming to 2.6 degrees Celsius; only 10% of announced carbon capture projects are operational; Climeworks has secured commitments from firms like Morgan Stanley and JPMorgan Chase.
#Climeworks #CarbonCapture #Investment #HongKong #Sustainability #ClimateChange #Technology #RenewableEnergy #VentureCapital #Environment
https://www.scmp.com/business/climate-and-energy/article/3284299/swiss-unicorn-climeworks-seeks-hong-kong-investors-carbon-capture-projects
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Climeworks, a Swiss carbon capture company, is seeking Hong Kong investors for projects costing between US$2 billion and US$3 billion; discussions are advanced but require long-term investment; co-founder Christoph Gebald emphasizes the need for investors focused on a 20-year horizon; Climeworks has raised US$650 million in April 2022, valuing the company over US$1 billion; it operates the world's largest carbon capture plant in Orca, Iceland, capturing 2,000 tonnes annually; a second plant in Mammoth, Iceland, will capture 10,000 tonnes, and a third in Louisiana aims for 200,000 tonnes; Climeworks targets 2 million tonnes of annual capacity by 2030 and 1 billion tonnes by 2050; 2.45 billion tonnes of capacity needed by 2050 to limit warming to 2.6 degrees Celsius; only 10% of announced carbon capture projects are operational; Climeworks has secured commitments from firms like Morgan Stanley and JPMorgan Chase.
#Climeworks #CarbonCapture #Investment #HongKong #Sustainability #ClimateChange #Technology #RenewableEnergy #VentureCapital #Environment
https://www.scmp.com/business/climate-and-energy/article/3284299/swiss-unicorn-climeworks-seeks-hong-kong-investors-carbon-capture-projects