Climeworks AG and Antecy B.V. are joining forces & thereby boosting technology portfolio
The two DAC companies have been discussing a collaboration since mid-2018 and in April 2019, an agreement was reached to join forces and fully merge teams
Climeworks AG, Switzerland and Antecy B.V., the Netherlands share the same goal of removing climate-relevant amounts of CO2 from the atmosphere and joining forces renders this goal more achievable. The combination of their technologies will result in even more powerful solutions for both carbon dioxide removal, as well as direct air capture and CO2 utilization.
The two DAC companies have been discussing a collaboration since mid-2018 and in April 2019, an agreement was reached to join forces and fully merge teams, technology development, brands and business activities. Antecy’s relevant assets have been acquired by Climeworks and the business activities of both Antecy and Climeworks will be conducted through Climeworks AG, Switzerland.
Joining forces strengthens and broadens the Climeworks technology portfolio, and will speed up the further development of Climeworks’ DAC technology.
Climeworks co-founder and CEO Jan Wurzbacher:
“Our DAC products are designed to be technology agnostic; our sole purpose is to deliver the most transparent and most scalable DAC solutions possible. By complementing
our portfolio with new technologies such as those developed by Antecy, we can further strengthen our offerings to the market.”
Antecy Managing Director Paul O’Connor:
“We are delighted about this joint undertaking and strongly believe that the combination of? our technologies will result in? even more powerful products for both carbon dioxide removal, as well as direct air capture and CO2 utilization.”
Source: Climeworks, press release, 2019-09-05.