Climate change is an urgent and escalating threat, driven by increasing CO2 emissions. In 2023, the global average atmospheric CO2 reached a record high of 419.3 parts per million (ppm), with a concerning increase of 2.8 ppm between 2022 and 2023. As emissions continue to rise, the window for preventing dangerous global warming is closing rapidly. To prevent 1.5°C of warming, GHG emissions must be reduced to about 31 Gt/year by 2030—a nearly 50% reduction in just eight years. Achieving this solely through emission reductions is unrealistic, making Carbon Dioxide Removal (CDR) essential for reaching Net Zero. Our innovative approach to CDR leverages the ocean's natural capacity to absorb CO2 through our patent-pending Direct Ocean Capture (DOC) technology. Oceans, which absorb 33% of all CO2 emissions and contain 150 times the carbon concentration of air, offer a more efficient and scalable solution compared to existing methods like Direct Air Capture (DAC). Our DOC technology, which requires only seawater and electricity, significantly reduces operational costs and energy consumption, facilitating large-scale implementation. Unlike DAC, it integrates seamlessly with existing infrastructure, such as abandoned oil and gas platforms, and can be powered by intermittent renewable energy sources like wind and solar. By producing high-quality carbon credits and supplying green CO2 for industrial applications, our solution addresses the urgent need for effective carbon removal and supports the decarbonisation of hard-to-abate sectors. We are committed to removing 1 gigatonne (Gt) of CO2 from the atmosphere by 2045, a crucial milestone for becoming a global leader in the carbon capture market and for the world to start removing 10 GtCO2 annually by 2050 to reach Net Zero.
