A U.S. climate tech company, CarbonCapture, announced an exclusive partnership with Dallas-based carbon storage developer Frontier Carbon Solutions targeted to permanently remove five million tons of atmospheric CO2 annually by 2030.
The company plans to develop the world’s largest carbon capture facility in the U.S. state of Wyoming. Called Project Bison, the facility is expected to be operational by late 2023, at which point it would be the first atmospheric carbon removal facility to use Class VI wells for permanent storage as well as the first massively scalable DAC (direct air capture) project in the United States.
The project will deploy CarbonCapture’s DAC modules atop Frontier’s CO2 transportation and storage infrastructure in Wyoming. Developed over multiple phases through 2030, the project will meet the rapidly growing demand for carbon removal credits.
The Project Bison generates carbon removal credits by capturing CO2 from the atmosphere and permanently storing it underground. It uses CarbonCapture’s low-cost, modular DAC systems to filter CO2 out of the air. Frontier Carbon Solutions then gathers and injects that CO2 into deep saline aquifers via Class VI injection wells, a regulatory designation established by the EPA and managed by the Wyoming Department of Environmental Quality.
“Safe, permanent carbon storage and direct air capture are foundational to a low-carbon economy,” said Robby Rockey, President, and COO of Frontier Carbon Solutions, a portfolio company of Tailwater Capital. “With CarbonCapture’s DAC technology and Frontier’s storage assets, this partnership will scale these critical industries in Wyoming, ultimately bringing more investment capital and jobs to the state.”
CarbonCapture is working closely with community stakeholders to ensure that Project Bison offers well-playing transition-related jobs and preserves the wildlife and natural beauty that makes Wyoming unique. A federal interagency working group has designated parts of Wyoming as some of the nation’s most impacted communities from coal mine and power plant closures.
“With the passage of the Inflation Reduction Act, the proliferation of companies seeking high-quality carbon removal credits, and a disruptive low-cost technology, we now have the ingredients needed to scale DAC to megaton levels by the end of this decade,” said Adrian Corless, CEO, and CTO, CarbonCapture Inc.
“We plan to have our first DAC modules fielded by the end of next year and to continue installing capacity as quickly as modules come off our production line. Our goal is to leverage economies of scale to offer the lowest priced DAC-based carbon removal credits in the market.”