Carbon capture technology company CarbonQuest and US power projects developer Daroga Power have launched their first joint carbon capture-as-a-service project at a beverage plant in Washington state.
The project is backed by a financing agreement believed to be the first of its kind. This allows emitters to adopt carbon capture technology without upfront costs, while generating revenue through the sale or use of captured CO2.
For the Washington-based plant, the owner of which has not been made public, a multi-year agreement will secure CarbonQuest’s Carbon Management Software at the plant with no upfront cost. Daroga finances the system’s design, installation, and ongoing maintenance. The waste stream from which the CO2 is being captured has also not been made public.
The software tracks the amount of CO2 being captured, liquefied, and sold back to the plant.
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