Airbus has taken another step forward in achieving carbon neutrality by investing in Carbon Engineering. The investment will contribute to funding part of Carbon Engineering’s advanced direct air capture R&D technologies at the Innovation Centre in Canada.
Daniel Friedmann, the CEO of Carbon Engineering, said: “Carbon Engineering’s Direct Air Carbon Capture (DACC) technology provides a scalable, affordable solution to decarbonise aviation. We are thankful to Airbus for taking action and continuing to lead the way by helping accelerate solutions for the industry and the climate.”
Karine Guenan, VP ZEROe Ecosystem, Airbus said: “We are proud to be investing in Carbon Engineering, reaffirming our commitment to the use of direct air carbon capture as a two-fold solution for the decarbonization of the aviation industry.”
The investment in Carbon Engineering is a key part of Airbus’ global climate strategy, which encourages the development and deployment of direct air capture technology, among several technological pathways in support of the aviation industry’s decarbonization ambitions. The transaction is also a key element of Airbus’ strategy to grow its contribution to the Canadian economy.
According to Carbon Engineering, the DACC is a high-potential technology that involves capturing CO2 emissions directly from the air using high-powered fans. Once removed from the air, the CO2 can be used to produce power-to-liquid Sustainable Aviation Fuel (SAF) that is drop-in compatible with today’s aircraft.