Underground storage depends heavily on the region you're working, for example in Iceland where we actually do underground mineralization. We can capture a CO2 anywhere on the planet and through diffusion and jet streams and the wind phenomena it's diluting over the atmosphere. It's independent of the location you're capturing the CO2.
The carbon-capture industry notched a breakthrough in early 2023, when Climeworks became the first company to be third-party certified for taking carbon out of the air and mineralizing it underground. Climeworks co-founder and co-CEO Christoph Gebald is now racing to scale this new potential, from Iceland to Oman to the United States, by convincing investors, corporate partners, and governments to support a new pillar in the quest for net-zero goals. Christoph points to both serendipity and learning from mistakes as key in helping Climeworks navigate the steep path required in addressing climate-crisis.
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