In order to achieve its environmental goals, Google has signed an agreement with Holocene, a company with great potential in carbon capture technology. With this partnership, Google plans to capture CO2 emissions at a lower cost. Holocene promised to significantly reduce carbon capture costs. In fact, it stated that it would reduce it to $100 per ton. Although it seems expensive, these costs are quite reasonable when you consider that it is an average of $600 per ton. In addition, companies have to cover these costs for a clean environment.
Google and Holocene sign historic deal: Carbon capture cost will drop to $100 per ton
It is a known fact that Google has difficulties in reaching its carbon emission reduction targets. It was reported that the company emitted 14.3 million tons of CO2 in 2023. This increase is mainly due to the energy consumption of its data centers. Although Google plans to halve its carbon emissions by 2030, it needs to make more efforts to achieve this goal.
The technology offered by Holocene is much more efficient than existing Direct Air Capture (DAC) systems. The company’s CEO Anca Timofte stated that they were able to capture carbon faster and at lower cost with the chemical process they developed. In fact, this technology absorbs CO2 from the atmosphere into liquid and then stores it by turning it into a solid.
Holocene plans to capture 100,000 tons of CO2 per year initially, a goal to which Google has already invested $10 million in the company. A small pilot plant for Holocene is currently operating in Knoxville, Tennessee, in the US, capturing 10 tons of CO2 per year.
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