GreenCap Solutions AS

Tackling the climate emergency

The world is facing a climate emergency. Use of fossil fuel and other sources of greenhouse gas emissions are changing the climate in unprecedented and sometimes irreversible ways. We can collectively meet the Paris Agreement’s temperature goals and slow down global warming if countries achieve their net zero emission targets by 2050. Scenarios indicate that Carbon Capture and Storage (CCS) which captures CO2 and stores it away permanently, will be critical to meeting the world’s climate objectives.

Direct air capture (DAC)

Direct air capture (DAC) is one of the few technology options available to remove CO2 from the atmosphere. When removing the CO2 from the atmosphere, it immediately stops contributing to global warming.

What is DAC ?

Direct air capture (DAC) is one of the few technology options available to remove CO2 from the atmosphere. When removing the CO2 from the atmosphere, it immediately stops contributing to global warming. DAC is the only feasible way to compensate for emissions from mobile sources such as cars, trucks and airplanes. These sources represent more than 60% of total emissions today, and are likely to increase as the population grows. The CO2 that has been removed, can be permanently stored, or used in food production or the production of fuels, building materials and other products containing CO2.

Greencap technology enabling a zero emission world

GreenCap Solutions’ purpose is to enable a clean, sustainable, net zero emission world. We are a Norwegian environmental technology provider of large-scale CO2 removal solutions. We apply DAC technology to industrial applications and to greenhouse systems, resulting in increased yield, greater resource efficiency and year-round production. GreenCap Solutions’ patented technology solves two of the world’s most pressing sustainability challenges: rising greenhouse gas emissions and resource scarcity. The company was founded in 2016 and is headquartered in Sandnes, Norway, with operations in Norway, Central Europe, the Middle East and USA.

How it works

While most DAC providers use technologies involving chemicals, GreenCap Solutions uses a non-chemical approach to capturing CO2. Our process uses a microporous mineral called zeolite, which has tiny pores to lock in the CO2 molecules. Zeolites occur naturally, but are also produced industrially. Our DAC technology uses high-capacity fans to draw air from the atmosphere. The air is dehumidified before it is sent through a zeolite bed that adsorbs the CO2 on the surface area of its pores. The clean air is then released from the capture unit back into the atmosphere. The zeolite bed is saturated with CO2 that can be recovered by applying energy in the form of heat to release it. This is an energy-demanding process, which we have resolved by using waste energy and heat storage. The CO2 gas is cooled and returned to its liquid state, so that it can be transported to a permanent storage site or used in other industrial applications.

The result? A cost and energy-efficient technology that can remove CO2 from the atmosphere at scale, anywhere in the world.

Where it works

GreenCap Solutions’ DAC technology is used to grow vegetables in greenhouses. By capturing CO2 from the air outside the greenhouse and releasing regular amounts inside, our technology increases crop yields by up to 40%, while eliminating the use of fossil fuels for heating and CO2 for growing the crops. Our technology can also be used to capture emissions from stationary point sources of CO2 , such as fossil fuel power plants and cement factories with up to 4% CO2 emissions. Our ambition is to build a direct air capture farm in Norway that can filter and capture 2 million tons of CO2 yearly by 2030. This would represent 10% of the amount of greenhouse gas emissions Norway has committed to cut by 2030

Large scale DAC/DAC farm

Although the world cannot stop the climate changes at once, we can slow it down and limit the severe consequences of the global warming. This would only happen if the humanity reduced its CO2 emission and capture the high concentrations of CO2 that has already been emitted. Million tons of CO2 must be captured every year  to meet the requirements of the Paris Agreement, to control the climate change.

GreenCap’s mission is to contribute to a brighter future, and our goal is to enable removal of million tons of CO2 by using our sustainable and efficient DAC tecnology. Thus, we have started taking actions towards enabling rapid execution of large-scale DAC farms.

GreenCap and Vanir Group (www.vaniras.no) have established the joint venture, Removr, which aims to be a global leading player within developing and operating large scale DAC farms. The company’s near-term target is to develop the 100,000 tons DAC farm concept for CO2 removal and demonstrate our technology on a large-scale DAC farm.

Removr – 60% owned by Vanir Green Industries and 40% owned by GCS Removr follows a stepwise verification process in developing an industrial scaled up DAC farm where the current pipeline of projects include:

By Q3 2023, establish a project where Removr will capture CO2 and demonstrate the technology.

In 2025, build an industrial pilot capable of capturing 10,000-100,000 ton of CO2 annually.

In 2027, establish the world’s first large-scale solid sorbent DAC plant with a capacity of up to 1 million tons CO2 annually.

In August Removr signed an MOU with CO2 storage leader Carbfix.

The partners aim to co-develop a demonstration project for a Direct Air Capture (DAC) facility in Iceland with a minimum capacity of 3,000 ton CO2 per year to come on stream in 2024.

As part of the MOU, the partners have also decided to explore the potential for co-developing a large-scale DAC plant in Iceland.

In August, Industrial Player and GCS entered into a MoU to jointly and subject to government funding, develop a DAC and CO2 Sequestration Pilot Project planned to be run for two years, with objective of providing data so that the parties may develop full-scale, commercial DAC facilities.

The pilot facility will have the capacity to capture 300 tons of CO2 per year for sequestration, and will provide a knowledge base that enables the construction of an industrial version.