CLIMEWORKS has announced that it has acquired Antecy, combining the technology of the two direct air capture (DAC) companies.
A collaboration has been in discussion since mid-2018 and the two companies reached an agreement in April. Climeworks designs modular CO2 collectors which can use different sorbent materials and different processes. Antecy is a developer of non-amine based sorbent material for CO2 capture.
The companies will merge teams, technology development, brands, and business activities. Antecy’s assets have been acquired by Climeworks and the business activities of the combined company will be conducted through Climeworks. The combined operation will speed up the development of Climeworks’ DAC technology.
Climeworks co-founder and CEO Jan Wurzbacher said: “Our DAC products are designed to be technology agnostic; our sole purpose is to deliver the most transparent and most scalable DAC solutions possible. By complementing our portfolio with new technologies such as those developed by Antecy, we can further strengthen our offerings to the market.”
Antecy Managing Director Paul O’Connor said: “We are delighted about this joint undertaking and strongly believe that the combination of our technologies will result in even more powerful products for both carbon dioxide removal, as well as direct air capture and CO2 utilisation.”
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