Collaborative Fund’s Post

We’re excited to announce that we’re bringing 320,000 tons of yearly CO2 removal capacity to Northwest Louisiana with two new DAC facilities! Located at the Port of Caddo-Bossier near Shreveport, the first 17,000 ton facility will come online in 2026. A separate facility will be built in the same location, with 100,000 tons of capacity to come online in 2027, and an additional 200,000 tons of capacity to come in subsequent years. This larger facility is Heirloom’s portion of Project Cypress, part of the U.S. Department of Energy (DOE) supported DAC Hub program. Here’s why this matters: 🏗️ Scaling Heirloom’s DAC solution: This is a major scale up from the 1,000 ton facility that we opened late last year as America’s first commercial DAC facility. 👷 Growing a new energy economy: Combined, these two DAC facilities will create over 1,000 jobs in Northwest Louisiana, helping to advance a new energy economy in the state and further establish America as a DAC leader. 💰 Expanding the economic impact of Project Cypress: With Heirloom’s Project Cypress facility in Northwest Louisiana and Climeworks' Project Cypress facility in Southwest Louisiana, we’re expanding statewide the economic impact and job creation potential of this DOE program. 🌎 Leveraging public investments to expand DAC: We’re leveraging the workforce and infrastructure investments that are making Project Cypress happen to add CO2 removal capacity with a privately-funded 17,000 ton DAC facility. This shows how government support can spur private investment in the CDR space and service more customer demand for high quality carbon removals. You can read more here: https://lnkd.in/gN5gqdrA #DAC #CDR #CarbonRemoval #CO2 #Louisiana #Shreveport #ProjectCypress