- CapEx: $50 million
- Jobs: 140 direct new jobs
- Product: Direct air capture facility
- Location: Calcasieu Parish / Southwest Region
- Project overview:
- The company will mobilize an additional $50 million in private investment to match the initial $50 million in funding from the U.S. Department of Energy to create one of the world’s largest DAC hubs.
- Climeworks also estimates that the project will support 800 construction jobs. Louisiana Economic Development estimates that the project will result in 329 indirect new jobs, for a total of 469 new jobs in the Southwest Region.
- Estimated Completion: 2027
- LED news release: Oct. 28, 2024
Company website: climeworks.com