UK Clean Tech Firms Plan Europe's Biggest Direct Air Capture Project
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AI-Powered 50% FREE-ANALYSIS-RULE-BASED-ANALYSISFinancial market analysis indicating neutral sentiment based on current trends.
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UK clean energy technology firms have set up a joint venture to build and operate Europe's biggest direct air capture project. Carbon capture technology developers Airhive and Mission Zero Technologies have joined forces with Progressive Energy, a developer of low-carbon energy projects, to build a direct air capture (DAC) facility on Teesside, south of Newcastle, Bloomberg reports. The new venture, named UnionDAC, expects to begin removing carbon dioxide (CO2) from air in 2030. Two years later, the venture plans to directly capture 60,000 tons…
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Financial market analysis indicating neutral sentiment based on current trends.
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