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Ticker
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Sector
Energy
Industry
Integrated Oil & Gas
Description
TerraFixing is a Canadian company that was founded in 2020 with the goal of fixing global warming. Their tagline, "A DAC company implementing solutions in cold climates with the goal of fixing global warming," reflects their focus on implementing solutions in cold climates to combat climate change.
The expertise of TerraFixing lies in Direct Air Carbon Capture (DAC) technology, which they have developed and hold intellectual property rights for. This technology allows them to efficiently capture CO₂ in cold dry climates using proven materials and machinery.
Unlike other DAC technologies that require multiple unit operations, TerraFixing's process only requires five unit operations, reducing both capital and operating costs. This makes their DAC technology the most cost-effective solution on the market.
TerraFixing's adsorption-based technology is designed to be mobile and can fit within a shipping container. It only requires one input, which is renewable electrical energy, and one output, which is pure CO₂. This design allows for flexibility and ease of deployment.
To achieve the lowest cost per ton of CO₂ captured, TerraFixing strategically locates their DAC solutions in ideal locations with cold and dry climates. They also prioritize proximity to sequestration sites and access to underutilized clean and affordable energy sources. This approach ensures that their solution is not only effective but also economically viable in the fight against climate change.
Startup
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