South East start-up NEG8 Carbon leading the way on technology to capture carbon dioxide from the atmosphere
CO2 in the atmosphere is the primary cause of climate change, NEG8 Carbon aims to combat climate change by removing CO2 from the atmosphere using Direct Air Capture (DAC) technology. The Intergovernmental Panel on Climate Change (IPCC) concludes that DAC will be required to remove up to 40bn tonnes of CO2 per year. At a predicted price of $100/tonne, the worldwide market size is €0.5trn to €4trn.
Our aim for Ireland is to capture 10m tonnes of CO2 a year – equivalent to 25% of Ireland’s current annual emissions – in the next 10 to 15 years, a market size of €1bn.
In this interview with Ireland South East, John Breen, Chief Technology Officer and Adrian Costigan, Chief Commercial Officer discuss how we are leading the way in technology to capture carbon dioxide from the atmosphere.
You can read this interview in full here