Ahead of a public meeting Tuesday, officials behind Project Cypress say the $1 billion direct air capture complex could break ground as early as 2024, assuming they can get all of their legal and financial ducks in a row.
The logistical hurdles include finalizing how much Project Cypress will receive in funding from the Department of Energy, said Shawn Bennett, energy and resilience division manager for Battelle, the Ohio company that is leading the project.
Direct air capture aims to remove carbon dioxide directly out of the atmosphere via chemical reactions. Large fans circulate ambient air into a filtration system where solid adsorbents “grab” the carbon dioxide. The carbon dioxide is later “driven off” the adsorbents using either a vacuum or heat before it is either sequestered deep underground or siphoned for other industrial purposes.
Climeworks Corp. and Heirloom Carbon Technologies Inc. are helping Battelle to develop the project’s air capture technology, while Gulf Coast Sequestration will sequester the anticipated 1 million tons of carbon dioxide the project will pull annually from the atmosphere. The site will be powered by renewable energy.
The Department of Energy announced in August that Project Cypress — which will be located in west Calcasieu Parish — was one of two direct air capture projects picked to receive hundreds of millions of dollars from the federal government. Project Cypress could get up to $603 million, while the South Texas DAC Hub in Kleberg County, Texas, could get $597 million. NOLA.com