All Updates

All Updates

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Partnerships
Climeworks and BCG extend partnership to expand DAC technology
Carbon Capture, Utilization & Storage (CCUS)
Dec 14, 2023
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Carbon Capture, Utilization & Storage (CCUS)

Carbon Capture, Utilization & Storage (CCUS)

Dec 14, 2023

Climeworks and BCG extend partnership to expand DAC technology

Partnerships

  • Climeworks, a Swiss direct air capture (DAC) startup, entered into a 15-year partnership with Boston Consulting Group (BCG), a global consulting firm, for carbon removal and consulting services. This agreement was preceded by their 10-year carbon removal agreement in December 2021 .

  • The partners signed a 15-year agreement for removing 80,000 tons of CO2, making BCG the largest corporate buyer of Climeworks as of December 2023. In addition, BCG agreed to provide consulting services to Climeworks.

  • The partnership aims to support BCG’s net-zero goal by 2030 and accelerate the global expansion of Climeworks’ DAC and storage facilities.

  • In June 2023, BCG signed a five-year agreement with CarbonCapture to capture 40,000 tons of CO2.

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