Australia is seeing the rise of a new early-scale carbon removal company, AspiraDAC, using leading innovative technology; solar powered Direct Air Capture (DAC).
The launch of AspiraDAC comes with the endorsement of global financial infrastructure company Stripe as its first customer. Stripe is making the purchases via Frontier; an advanced market commitment launched in partnership with Alphabet, Shopify, Meta and McKinsey.
AspiraDAC has been selected to be part of Frontier’s first round of carbon removal purchases, following the announcement earlier this year that Frontier’s members would spend $925M (USD) on carbon removal over the next nine years, to stimulate and accelerate the development of carbon removal technology.
AspiraDAC – a wholly-owned subsidiary of Corporate Carbon – is working in partnership with innovative Australian start-up Southern Green Gas under an exclusive collaboration agreement to produce and deploy the project’s solar-powered modules by the end of 2022.
“With Southern Green Gas pioneering this technology – harnessing Australia’s incredible solar power resource and world-class storage reserves – we are currently completing the demonstration phase of this project and are looking to enter the construction phase later this year,” said Julian Turecek, Executive Director of AspiraDAC.
The Frontier advisory panel of 19 scientists and industry experts reviewed over 26 applications from five continents, to align with AspiraDAC and five other global providers.
Nan Ransohoff, who leads Frontier, said: “Getting durable carbon removal to gigaton-scale will likely require a diverse portfolio of approaches that have a path to low costs. AspiraDAC’s low temperature heat requirements, path to affordable material costs, and modular design will allow for a more distributed scale-up, and make this approach highly promising.”
AspiraDAC and Southern Green Gas are currently working on the world’s first solar-powered DAC project of one tonne per day (tpd), or 310 tonne per annum (tpa), which has been made possible by funding from the Australian Government’s Carbon Capture Use and Storage Development Fund (CCUS).