Published by Todd Bush on December 9, 2024
Japan Airlines (JAL) has deepened its commitment to achieving net-zero CO₂ emissions by 2050 with an investment in California-based Heirloom Carbon Technologies, a leader in direct air capture (DAC) technology.
Japan Airlines (JAL) has deepened its commitment to achieving net-zero CO₂ emissions by 2050 with an investment in California-based Heirloom Carbon Technologies, a leader in direct air capture (DAC) technology.
This marks another major step in diversifying its decarbonisation strategies, following its earlier investment in Direct Ocean Capture technology via Captura.
>> In Other News: ‘Hyper-Growth’ Startup in Old Saybrook Inks $105M Deal for Carbon-removal Technology in Arkansas
Heirloom specialises in a novel approach that leverages limestone’s natural ability to absorb CO₂. The process involves heating limestone using renewable energy to release stored CO₂, after which the material reabsorbs atmospheric carbon like a sponge.
This technique allows for large-scale CO₂ removal from the atmosphere at a relatively low cost.
By supporting Heirloom, JAL aims to advance the development of critical carbon capture technologies and promote the adoption of carbon credits generated through CO₂ removal.
In tandem with its own operational improvements, such as fleet modernisation and fuel efficiency upgrades, JAL’s engagement with cutting-edge climate technologies reflects a multi-faceted approach to tackling aviation’s environmental impact, the company said.
Yasushi Noda, SVP, General Affairs Division, Japan Airlines, said: “We recognise this partnership as an important milestone in the development of global decarbonisation solutions. Through Heirloom’s innovative Direct Air Capture technology, we aim to significantly advance our efforts towards Net Zero CO2 Emissions by 2050.”
Shashank Samala, CEO of Heirloom Carbon Technologies, added: “We’re honoured to receive this investment from JAL and look forward to working with them as a strategic partner to rapidly scale our CO2 removal technology to make meaningful progress in the fight against global temperature rise.”
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🛢️ Exxon's Gas Strike, EPA Smackdown, and Carbon Curveball 🏭 MHI Awarded Contract for Basic Design of Japan's Largest CO₂ Capture Plant at Hokkaido Electric Power's Tomato-Atsuma...
Inside This Issue 🌊 The Quiet Rise of Offshore CO2 Storage: North America's Emerging Frontier for Carbon Capture 🍁 Canada Invests in Carbon Capture and Storage in Alberta 🛰️ Vortex Energy Finalize...
Inside This Issue ⚖️ CDR at a Crossroads: Is Private Sector Innovation Enough to Offset Washington's Wobble? 🌱 Exomad Green’s Biochar Field Study Reveals Significant Crop Yield Improvements In Bol...
Paris, France - Natural State Renewables, a future leader in carbon-negative sustainable aviation fuel (SAF) production, is thrilled to announce its strategic partnership with Axens, a global leade...
Energy Startup Arbor Notches $41M Deals Amid Trump Reversals
Arbor, a startup that promises both CO2 removal and clean baseload power, just announced $41 million in offtake deals as it courts hyperscalers' growing energy needs. Why it matters: The contracts...
Microsoft Buys 2.95m Tons of Carbon Removal Credits From CCS Project in Denmark
Credits generated by project Gaia, an EfW joint venture between CIP and Vestforbrænding Microsoft has signed a carbon removal agreement with Gaia, a joint venture between Copenhagen Infrastructure...
Milan - Tulum Energy, a pioneering methane pyrolysis startup, has successfully closed a $27 million venture financing round. This significant investment, led by CDP Venture Capital, through its Gre...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.