Published by Todd Bush on June 21, 2023
BOSTON & LOS ANGELES--(BUSINESS WIRE)--Boston Consulting Group (BCG), one of the world’s leading management consulting firms, and CarbonCapture Inc. (CarbonCapture), a leading direct air capture (DAC) company, announced today a partnership that covers both BCG’s purchase of CarbonCapture’s atmospheric carbon dioxide removal services as well as an intention to support CarbonCapture’s business strategy through BCG’s management consulting services.
>> In Other News: Sungrow EV Charging Released New Chargers in Europe
The 40,000-ton carbon removal agreement with CarbonCapture will span a five-year period, supporting BCG’s commitment to achieve net zero climate impact by 2030. This represents the second largest publicly announced global direct air capture (DAC) offtake deal by volume, and the largest in the professional services industry globally.
“Carbon dioxide removal is critical to achieve net zero emissions globally, and DAC is a very promising technology,” said David Webb, BCG’s chief sustainability officer. “Rapid innovation and scaling are needed to help reach its future potential. This requires early investment and long-term corporate commitments today. BCG is committed to this effort, and we are pleased to partner with CarbonCapture to make it happen.”
According to the Intergovernmental Panel on Climate Change (IPCC), limiting global warming to 1.5 degrees Celsius requires a rapid reduction in global emissions, combined with the cumulative removal of tens to hundreds of gigatons of carbon dioxide by 2100. Investment is needed now to grow the carbon removals market, and it is critical that companies provide early support to the DAC sector—and other high quality pioneering removal technologies—to help them scale and drive costs down in the long term.
CarbonCapture’s technology platform offers multiple benefits, including unique modular hardware that can be mass produced and an open architecture that enables the optimization of sorbents across different climates.
CarbonCapture is currently developing Project Bison, a large DAC facility in Wyoming that will include a phased rollout plan to capture and store five million tons of atmospheric carbon dioxide per year by 2030.
“We’re extremely pleased to be working closely with BCG. They’re not only providing exceptional thought leadership in the sustainability and carbon removal space,” said Adrian Corless, CarbonCapture’s CEO and CTO, “they’ve also stepped up and shown their commitment to the DAC industry by making a major purchase of carbon removal credits.”
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.
Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fuelled by the goal of helping our clients thrive and enabling them to make the world a better place.
CarbonCapture develops and deploys direct air capture (DAC) machines that can be connected in large arrays to remove massive amounts of CO2 from the atmosphere. With a ground-breaking modular open systems architecture, the company’s technology platform allows for plug-and-play upgrades, mass production, unlimited scalability, and rapid technology iterations. CarbonCapture’s systems capture atmospheric CO2 for either permanent removal or for utilization in low-carbon synthetic fuels, concrete, and other industrial products.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🚢 Clean Fuels, Clear Skies: How Maritime Shipping Is Turning to Hydrogen, Ammonia, and Carbon Capture 🧪 Carbon Capture Could Become Practical with Scalable, Affordable Materials ...
Inside This Issue 🗑️ The Next Big Thing in Carbon Capture? Trash. ⚡ Hydrogen Hope on the Chopping Block: How ARCHES and Other Blue-State Projects Got Caught in the Crossfire 📊 GEP Expands Carbon D...
Inside This Issue 🔧 America Bets Big on Blue Hydrogen: Inside the Engine Revolution Backed by Top Institutions 🤖 Bringing AI to Carbon Capture: How Imperial College is Revolutionising Plant Operat...
Carbon Capture Could Become Practical with Scalable, Affordable Materials
Researchers can pull carbon directly from the air using changes in humidity, now with inexpensive materials The Problem Atmospheric CO₂ continues to increase and, despite considerable worldwide e...
Frontier Signs Deal to Remove 100,000 Tonnes of Carbon Emissions from Garbage Incineration
Frontier, a carbon removal buyer coalition, announced that it has facilitated purchases of 100,000 tons of carbon removals to be generated between 2029 and 2030, through the abatement of emissions ...
ClearSign Technologies to Present at the LD Micro Main Event XVII
TULSA, Okla., April 4, 2025 /PRNewswire/ – ClearSign Technologies Corporation (Nasdaq: CLIR) ("ClearSign" or the "Company"), an emerging leader in industrial combustion and sensing technologies tha...
Zefiro Founder and CEO Appears on Orphan and Marginal Wells Panel in Fort Worth, Texas Led by JPMorganChase Head of Operational DecarbonizationThe annual event, which is hosted by the Neeley School...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.