Louisiana near Shreveport. This first facility will have an annual CO2 removal capacity of around 17,000 tons and is expected to come online in 2026. (Graphic: Business Wire)” bad-src=”https://s.yimg.com/ny/api/res/1.2/.vZ4cXYLJZzpPSUz3iOEOw–/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ3MA–/https://media.zenfs.com/en/business-wire.com/c514dfd4e20b9dd59f09bc4e4bc39a20″ src=”https://s.yimg.com/ny/api/res/1.2/.vZ4cXYLJZzpPSUz3iOEOw–/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ3MA–/https://media.zenfs.com/en/business-wire.com/c514dfd4e20b9dd59f09bc4e4bc39a20″>
A rendering of one of Heirloom’s DAC facilities to be built in northwest Louisiana near Shreveport. This first facility will have an annual CO2 removal capacity of around 17,000 tons and is expected to come online in 2026. (Graphic: Business Wire)
The combined facilities will be capable of removing nearly 320,000 tons of carbon dioxide per year and will create at least 1,000 jobs in northwest Louisiana.
SHREVEPORT, Louisiana, June 24, 2024–(BUSINESS WIRE)–Direct Air Capture (DAC) Provider Heirloom today announced an unprecedented investment in Louisiana that will bring two DAC facilities, with a combined capacity to remove nearly 320,000 tons of carbon dioxide (CO2) per year, to the northwestern part of the state. The new facility will be located at the Caddo-Bossier Port in Shreveport and will create about 1,000 new permanent clean energy and construction jobs, boosting Gulf Coast leadership in DAC technologies and advancing American leadership in meeting the goals. net zero emissions.
The first facility will begin construction at the end of this year and, once operational from 2026, will eliminate around 17,000 tonnes of CO2 per year.
The second facility is in design as part of the Cypress Project, the DAC Regional Center in Louisiana managed by the U.S. Department of Energy’s (DOE) Office of Clean Energy Demonstrations (OCED), which is eligible to receive up to $600 million in financing. This expands the Cypress Project’s presence and job creation potential beyond southwest Louisiana, where Climeworks is building its Cypress Project facility in Calcasieu Parish.
Heirloom’s decision to locate both facilities in northwest Louisiana creates significant cost savings and operational efficiencies, as well as expands the company’s ability to create jobs and develop meaningful workforce training programs in the region. The Heirloom portion of the Cypress Project will remove approximately 300,000 tons of CO2 per year. The first phase of the project, expected to be operational in 2027, will be capable of removing 100,000 tons of CO2 per year. Subsequent construction phases, subject to additional funding, advancement through Hub program reviews and negotiations, would triple capture capacity.
Together, the DAC facilities in Caddo Parish are expected to create at least 1,000 construction jobs and more than 80 permanent jobs, with more expected when fully constructed. To help support this economic growth, the state of Louisiana is offering a $3 million performance-based grant for site infrastructure improvements. Heirloom may qualify for additional state incentives potentially worth up to $7.8 million over 10 years if payroll and employment goals are met.
Heirloom, along with Project Cypress partners, will undertake a new community benefits planning process in northwest Louisiana as part of an overall investment in the Caddo-Bossier region. This includes the formation of a local Community Participation Council to solicit community input and feedback at each stage of project development.
The story continues
“Louisiana is well positioned to become America’s leader in the safe storage of carbon dioxide. Heirloom’s expansion at the Port of Caddo-Bossier means even more growth and more jobs for our state and is another example of how we are doing.” leading the race to power the country’s energy future,” said Louisiana Governor Jeff Landry. “The expansion of the Cypress Project Direct Air Capture Center across the state represents the best of Louisiana: cutting-edge technology at the forefront of the energy economy, driven by innovation and a broad base of highly skilled workers.”
“We couldn’t be more excited to build this new facility in northwest Louisiana,” said Shashank Samala, CEO of Heirloom. “These investments not only bring significant economic activity and job creation to the region, but they also help establish Louisiana as a leader in this new energy economy and advance America’s leadership on the global stage. Shortly after we opened the first commercial DAC facility in the United States, This expansion in Louisiana continues Heirloom’s strong momentum as we work toward billion-ton scale.”
Heirloom has partnered with CapturePoint, a carbon management company, to store the CO2 captured at these facilities in Class VI underground wells – a safe, durable and permanent storage solution. The pipeline and storage wells used for the CO2 captured by Heirloom will be dedicated to permanent CO2 storage, according to Principles of the relic for the responsible deployment of carbon removal. Both Heirloom facilities will be powered entirely by additional renewable energy sources.
With these two facilities in northwest Louisiana, Heirloom continues its rapid progress in building one of the world’s most affordable carbon removal solutions with the capacity to scale to remove billions of tons of CO2 from the atmosphere. Late last year, Heirloom started operating North America’s first commercial DAC installation in Tracy, California, shortly after signing one of the largest CO2 elimination agreements to date with Microsoft. The company has also signed agreements to provide carbon removal to Stripe, Meta, Shopify, JPMorgan, McKinsey, Workday, H&M, Autodesk and others. Additionally, Heirloom was recently selected as finalist for the XPRIZE and a semifinalist for the DOE carbon dioxide purchasing pilot.
Heirloom technology enhances the power of limestone (the second most abundant mineral in the world and one of the cheapest) to capture CO2 directly from the air. The Heirloom process begins with natural limestone, of which almost 50% is CO2. By extracting this CO2 from the limestone and adding water, the Heirloom process creates a CO2-thirsty material so it can return to its natural limestone state. This material acts like a sponge, extracting CO2 from the atmosphere. Heirloom’s technology speeds up this process, reducing the time it takes to absorb CO2 in nature from years to just three days. Once the CO2 is absorbed, it is extracted from the limestone material using a furnace that runs on renewable energy and is permanently stored underground.
Heirloom has begun advertising jobs for its Louisiana facility. Job offers will be published here since they are available.
Additional quotes:
“We are excited to welcome Heirloom, the American leader in direct air capture, to the Port of Caddo-Bossier. The port has a long history of creating innovative industrial technologies and we are proud to support the arrival of a new Direct Air “Capture. Footprint capture in northwest Louisiana is a rapidly growing technology that the port is uniquely positioned to bring to scale due to our proximity to carbon management infrastructure and skilled local workforce,” he said. Bill Altimus, chairman of the Caddo-Bossier Port Commission.
“Shreveport is proud to be home to one of the most promising new emerging energy industries, which will generate significant jobs and investment in our local economy. Seeing a new industry leader like Heirloom commit to not one but two facilities at the Port of Caddo “Bossier is a win for jobs, economic competitiveness and innovative opportunities for Shreveport and a milestone for our city’s continued growth,” said Shreveport Mayor Tom Arceneaux.
“This injection of public and private capital into a rapidly growing sector of the clean energy economy here in Louisiana has the potential to create hundreds of well-paying opportunities for our local workforce. As an organization committed to building pathways to careers that contribute to Louisiana’s strengths, we look forward to working with Heirloom to equip Louisianans with skills that will be in high demand for decades to come,” said Rick Bateman, president of Bossier Parish Community College.
“Heirloom’s investment in the Port of Caddo-Bossier is a tremendous opportunity for our region. It will support our local economy by creating new jobs and position us at the forefront of environmental innovation. This partnership reflects our community’s dedication to foster sustainable growth and ensure a prosperous future for Bossier Parish and beyond. “We are excited to work alongside Heirloom and witness the positive impacts their innovative technology will bring to our region,” said Bossier Police Jury President. Parish, Butch Ford.
“I am excited about Caddo-Bossier Port/Heirloom’s announcement of their project that will bring many quality jobs to our community,” said State Senator Thomas Pressley. “This announcement adds to the significant economic development opportunities that have been announced over the past year throughout northwest Louisiana. I am grateful for the work of all the individuals, government entities and economic development organizations who helped make this project a reality “I look forward to continuing to work with them to promote jobs and opportunities in our region and throughout Louisiana.”
“This is a great opportunity to create jobs at the Port of Caddo/Bossier, there will be hundreds of construction jobs and many permanent jobs. We have worked hard to create an economic environment in northwest Louisiana that is conducive to growth,” said our delegation. is focused on improving infrastructure and supporting the port and its equipment, and our local government,” said State Senator Alan Seabaugh.
“Heirloom’s investments represent American innovation locally in Caddo-Bossier. These new jobs are the latest testament that Louisiana is where America’s energy future will be built, utilizing the skills and knowledge of the workforce.” that we have perfected in the state for decades,” said State Representative Michael Melerine.
“The CapturePoint team is ready to support Heirloom’s extensive plans for the Cypress Project and we are excited to partner on northwest Louisiana initiatives that are setting new national standards for carbon management,” said Tracy Evans, CEO of CapturePoint. “Our Central Louisiana Regional Carbon Storage Hub (CENLA Hub) has the potential to be one of the largest and safest terrestrial carbon sequestration sites in the country, providing state-of-the-art deep, secure and permanent underground storage for the CO2 that “Heirloom’s innovative Direct Air Capture technology will be extracted from the atmosphere. Together, our projects create a win-win for Louisiana: protecting the environment, expanding jobs and the economy, and defining a new future for the region.”
View the source version on businesswire.com: https://www.businesswire.com/news/home/20240624875398/en/
Contacts
Heirloom – press@heirloomcarbon.com
Keynote USA
For the Latest Local News, Follow Keynote USA Local on Twitter.