NEG8 Carbon to capture 100 million tonnes of CO2 by 2040 – 1.5 times Irelands total emissions *

In a recent report, the EPA announced that Ireland is on course to miss its 2030 climate targets by a large margin unless all sectors, including agriculture, electricity, and transport rapidly deliver further emission reductions and sustain this delivery into the future, according to the latest report from the Environmental Protection Agency (EPA).

The EPA has analysed how far emissions would fall if the very challenging policy measures already approved and included in our national Climate Action Plan were fully implemented and delivered on time.

Reducing emissions alone is not enough to meet climate change goals and Direct Air Capture (DAC) is the most effective way to remove excess carbon dioxide from the air.

A recent Intergovernmental Panel on Climate Change (IPCC) report ‘Climate Change 2022: Mitigation of Climate Change’ paints a stark picture and estimates that DAC will be required to remove up to 310 billion tonnes of CO2 from the atmosphere between now and 2100.

Increasing atmospheric CO2 concentrations and associated global warming issues impose extraordinary challenges on global societies. The team in NEG8 Carbon is making the widespread adoption of DAC technology a reality through modular and scalable carbon capture units which until now were not considered viable.

NEG8 Carbon  will deploy these units globally capturing 100 million tonnes of CO2 by 2040 which will increase to over 1 billion tonnes per annum over the following decade

To put 100 million tonnes of CO2 emissions into context in 2019 Ireland’s total greenhouse gas emissions were approximately 60 million tonnes of CO2 equivalent. Therefore, 100 million tonnes of CO2 are equivalent to more than 1.5 times Ireland’s total emissions in 2019.

Commenting on NEG8 Carbon’s  introduction of large-scale DAC projects over the next few years to fight climate change, John Breen, Chief Technology Officer at NEG8 Carbon says,

“Excess CO2 in the atmosphere is the primary cause of climate change. The NEG8 Carbon technology will allow us, over time, to bring the existing CO2 concentration in the atmosphere back to safe levels. For Ireland, this is a major opportunity to become a world leader in carbon capture, storage, and reuse technologies. NEG8 Carbon will lead the climate change industry by establishing an advanced centre for the capture, storage, and reuse of carbon across multiple industries.”

From manufacturing to construction, NEG8 Carbon will create employment opportunities all while tackling a critical environmental issue. NEG8 Carbon’s Chief Commercial Officer, Adrian Costigan says,

“Over the coming years, NEG8 Carbon will create up to thousands of direct and indirect jobs in Ireland in the delivery of DAC and our associated technologies globally. DAC is one of the key technologies for fighting climate change and Ireland can become a Global leader in this technology by creating strong policies to promote DAC deployment ”

The ambitious plan of NEG8 Carbon to capture 100 million tonnes of CO2 by 2040 and create job opportunities while tackling climate change is a significant step towards a more sustainable future.