All actors

Climeworks

Company CH Private Editorial profile Website
View this company against market data on FM Invest

Profile

Swiss direct-air-capture pioneer; pairs capture with permanent mineral storage via its Orca and Mammoth plants.

Editorial profile — compiled by us from public sources.

Founded
2009
Headquarters
Zurich, Switzerland

Current standings

Standings and milestones are always verified by us against primary sources, regardless of who manages the profile.

Roadmap & milestones

First commercial DAC plant (Orca)

2021-09
Climeworks

Climeworks' Orca in Iceland began operating at ~4,000 t/yr, pairing capture with permanent mineral storage — the first commercial direct-air-capture-and-storage plant.

10× scale-up (Mammoth)

2024-05
Climeworks

Climeworks' Mammoth opened at ~36,000 t/yr nameplate, roughly ten times Orca — proof the modular design scales.

Mammoth's capture rises ~6× as running cost halves

2026-09-10
Climeworks — Mammoth, Hellisheiði, Iceland

Climeworks reported that Mammoth removed 675 tonnes of CO₂ in the first half of 2026, close to six times the same period a year earlier, while the plant's operating cost fell by more than half. Upgraded sorbent and collector-container design more than doubled capture performance per container under real operating conditions, and the first upgraded containers are hitting their design figures. Hold the absolute number next to the nameplate: Mammoth was announced at 36,000 tonnes a year, so 675 tonnes in six months is roughly 4% of that rate. The improvement is real and independently meaningful for a sector that has struggled to run plants near spec; the gap between design capacity and delivered tonnes is the sector's actual problem. Climeworks did not disclose the cost per tonne.

Related news & analysis

More in Carbon Removal (DAC)

Compare in Carbon Removal (DAC)