Heirloom Carbon Technologies Stock

Heirloom Carbon Technologies has opened its first direct-air carbon-capture facility in Tracy, near the Bay Area. The facility, which captures one million kilograms of carbon per year by heating limestone to a powder, is part of Heirloom's strategy to become carbon negative. The company plans to expand tenfold next year and aims to remove 1 billion tons of CO2 from the atmosphere by 2035.

Heirloom, a company in California, has launched the first commercial direct air capture (DAC) plant in the US, which uses limestone to remove carbon dioxide from the air and stores it in concrete. The Biden administration has committed at least $3.7 billion to similar carbon-removal projects. Heirloom aims to remove 1 billion tons of carbon dioxide by 2035 and has signed a contract with Microsoft for the tech giant to offset its emissions. The company has also received a $600 million award from the Department of Energy to build a hub in Louisiana.

Heirloom Carbon Technologies has launched its first commercial plant in the US which uses direct air capture to remove carbon dioxide from the atmosphere. The company, which has also secured a deal with Microsoft to remove 315,000 tons of carbon dioxide from the atmosphere, plans to use the gas in concrete, effectively preventing it from heating the planet. Despite criticism about the high cost of artificial carbon dioxide removal methods, Heirloom aims to bring the cost down to $100 per ton through economies of scale and mass-produced components.