Climeworks started out as a pioneer in direct air capture and storage (DAC+S) technologies. Based on its own plants for removing CO2 from the atmosphere, the company launched its carbon removal offsets business about a year ago. Now Climeworks is adding carbon removal portfolios to its offering, complementary to its existing carbon removal service focused on direct air capture. First customer is Breitling.
Starting today, Climeworks offers holistic, high-quality carbon removal portfolios. Under the new Climeworks Solutions offering, portfolios are tailored to the individual needs of companies and are comprised of both engineered and nature-based approaches that remove CO₂ from the atmosphere. Sourced directly from Climeworks, companies will have assurance that every solution has undergone an in-depth due diligence process and that one ton of CO₂ purchased will really be one ton of CO₂ removed. The science and sourcing teams exclusively consider solutions for the portfolios that meet Climeworks’ own rigorous quality standards and have been third-party verified.
Market with trillion-dollar potential
Christoph Gebald, co-founder and co-CEO of Climeworks comments: “At Climeworks, we have 15 years of experience in permanent carbon removal via direct air capture. We have profound insights stemming from real-life operational experience and extensive R&D in technology. Thus, we know what determines best-in-class. This is why we are uniquely positioned to meet the growing demand for carbon removal in the market. A market that, according to analysts, has a trillion-dollar potential in 2050. So far, the market has been dominated by early adopters. Now, we see a next wave of companies entering as buyers and we can serve them according to their individual needs.”
The decision to extend its offering beyond direct air capture-based removals comes in response to strong customer demand and the urgency to accelerate on all fronts in the pursuit of fighting climate change. The new offering hits the mark, with nearly 30 clients already in negotiations. Swiss luxury watchmaker Breitling is leading the charge as the first customer of Climeworks Solutions. The two companies join forces under a pioneering 12-year agreement for a dynamic portfolio that mainly includes Climeworks’ own direct air capture technology, as well as enhanced weathering.
Georges Kern, CEO of Breitling, explains: “Climeworks is an essential partner in the tangible action Breitling is taking as a ‘Squad on a Mission to do Better’. Addressing climate change in our sphere of influence is a crucial step in achieving net zero globally.”
(Press release / SK)
Photo: Jan Wurzbacher, co-founder and co-CEO of Climeworks and Georges Kern, CEO of Breitling, met at the Climeworks office in Zurich.
Please login or sign up to comment.
Commenting guidelines