Airbus, Air Canada invest in Carbon Engineering’s direct air capture tech

The funds raised will support the advancement of Carbon Engineering’s direct air capture technology.

  • Carbon Engineering’s technology delivers two promising pathways to decarbonizing aviation: through carbon dioxide removal as well as sustainable aviation fuel made from atmospheric CO2
  • Carbon Engineering’s other investors include Bill Gates, Murray Edwards, BHP, Chevron Technology Ventures, Oxy Low Carbon Ventures and Bethel Lands Corp

Carbon Engineering, a Squamish, British Columbia-based climate solutions company, has secured “millions” in investments. The investments were provided by Airbus and Air Canada.

The funds raised will support the advancement of Carbon Engineering’s direct air capture technology that pulls carbon dioxide directly out of the air at large, industrial scale.

Carbon Engineering’s technology delivers two promising pathways to decarbonizing aviation: through carbon dioxide removal (CDR) as well as sustainable aviation fuel (SAF) made from atmospheric CO2.

On the funding, Karine Guenan, vice president of ZEROe Ecosystem, Airbus, said in a statement: “We are proud to be investing in Carbon Engineering, reaffirming our commitment to the use of direct air carbon capture as a two-fold solution for the decarbonization of the aviation industry.”

Carbon Engineering’s other investors include Bill Gates, Murray Edwards, BHP, Chevron Technology Ventures, Oxy Low Carbon Ventures, Bethel Lands Corp, Carbon Order, First Round Capital, Lowercase Capital, Rusheen Capital Management, Starlight Ventures, Thomvest Asset Management, the Benjamin Family, the Hodgkinson Family and the Hutchison Family.