Carbon Removal
Developing large-scale Direct Air Capture projects in Norway to remove CO2 from the atmosphere and restore our climate.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | N/A | Early VC | |
| Total Funding | 000k | ||
| NOK | 2021 | 2022 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| % profit margin | - | (111 %) |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Company filings or news article
Carbon Removal Norway is at the forefront of developing large-scale Direct Air Capture (DAC) projects aimed at removing carbon dioxide (CO2) from the atmosphere. The company primarily serves businesses looking to offset their unavoidable, hard-to-reduce, and historical CO2 emissions. Operating within the clean energy sector, Carbon Removal Norway's business model revolves around the sale of carbon removal credits and participation in DAC projects. These credits are generated by capturing CO2 and permanently storing it in offshore saline aquifers, ensuring a long-term solution to carbon emissions. The company makes money by selling these high-quality, permanent carbon removal certificates to businesses committed to achieving net-zero emissions. By advancing the deployment of DAC technology, Carbon Removal Norway aims to scale its operations to capture up to 1 million tons of CO2 annually, thereby contributing significantly to global efforts to meet climate targets.
Keywords: Direct Air Capture, carbon removal, CO2 storage, carbon credits, net zero, clean energy, negative emissions, climate targets, saline aquifers, Norway.