Heirloom Carbon raises $150M to remove CO2 from the air using rocks [TechCrunch]
JAPAN AIRLINES UNSP/ADR (JAPSY)
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Source: TechCrunch
Further warming increases the risk of catastrophic consequences, including more frequent extreme droughts, floods, and fires; stronger hurricanes; faster-spreading infectious diseases; and declining wildlife and fish populations. A host of carbon-capture startups hope to reverse this trend by removing large amounts of CO from the atmosphere. One of those startups, Heirloom Carbon, announced on Wednesday that it had raised $150 million in Series B funding to help scale up its carbon removal technology. The startup is betting that by building bigger and capturing more carbon, it can bring down the cost to remove each metric ton of CO , which currently runs from $600 to $1,000, according to the company's own estimates. Heirloom expects industry-wide prices to drop to $200 to $300 per metric ton by the early 2030s, company spokesperson Scott Corielle told TechCrunch. “Heirloom has line of sight to profitability at those prices,” he said. That's still far more than the $100 per met
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