12 Mar '12, 4pm

Direct air carbon capture: Oil's answer to fracking?

Since 1999, when Columbia University physicist Klaus Lackner wrote the first scientific paper [PDF, download] about capturing carbon dioxide from the air, his unlikely idea has grown into a nascent industry. Four startup companies, including his own, Kilimanjaro Energy , are working on technologies to extract CO2 from the atmosphere using chemical processes. The air-capture startups are funded by billionaires (Bill Gates, Edgar Bronfman Jr.) and venture capitalists (Arch Venture Partners), and they are attracting interest from private equity firms (Warburg Pincus), investment banks (Goldman Sachs), energy companies (Summit Power) and a military contractor (Boeing). This week, a group of about 70 entrepreneurs, academics, investors and partners gathered in Calgary, Alberta, for the first ever North American conference devoted to air capture. (Someone said it felt like histo...

Full article: http://www.greenbiz.com/blog/2012/03/12/direct-air-captur...

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