Catalyst with Shayle Kann cover image

DAC’s bumpy road to commercial scale

Catalyst with Shayle Kann

NOTE

Market Growth Through Pioneering Participation

The market has experienced significant growth, increasing from 100,000 tons at the end of 2021 to 4.6 million tons last year and 5.7 million tons year-to-date this year. This growth is largely driven by early adopters like Microsoft, who have significantly increased their buying volumes. Additionally, more companies, including technology firms and major financial institutions like JP Morgan and UBS, are entering the market, albeit in smaller volumes. There is a noticeable trend of participation expanding to previously hard-to-reach industries, such as airlines. The disparity in procurement volumes between industry leaders like Microsoft and other large players is striking, indicating potential for other buyers to scale up their involvement.

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