Heimdal Inc., a provider of direct air capture (DAC) carbon dioxide removal technology, has entered into a partnership with CapturePoint LLC to support the growth of its operations and sequestration of carbon dioxide.
Heimdal will co-locate its debut DAC facility – Project Bantam – onsite at CapturePoint’s Oklahoma Carbon Hub in Osage and Kay Counties, Oklahoma, where CapturePoint is developing a deep underground carbon storage center.
For Project Bantam, Heimdal will develop a 5-acre facility with Class II sequestration support from CapturePoint. The project will have an initial nameplate capacity of 7,000 tons of carbon dioxide each year.
In the years following the initial project completion, Heimdal will scale onsite operations to grow the direct air CO2 capture capabilities to hundreds of kilotons, and eventually megatons.
The agreement between the two companies secures a mutually beneficial relationship, allowing carbon capture and sequestration capacities to expand in tandem – as the DAC technology captures larger volumes of CO2, the development of Class VI sequestration wells in the Oklahoma Carbon Hub will provide sufficient permanent deep underground storage.
“Heimdal’s mission is to bring tangible progress to the direct air capture industry. With this partnership, we take a significant step toward meeting our goals as a company, building a DAC facility of record size in record time,” said Marcus Lima, CEO of Heimdal. “Project Bantam is small, but it is only the beginning of our ambition and partnership with CapturePoint.”
In total, by working with Heimdal, operational capacity for carbon capture and sequestration in Osage and Kay Counties will be positioned to grow from just over a million tons of CO2 per year to several million tons annually in the next 3 to 5 years.
Groundbreaking on Project Bantam is scheduled to take place in early 2024.
