Orca

“You know, like in 2012, they build demo. Few years later, they did a bigger demo. 2017, they did their first commercial scale. And now, like a few years ago, they did Orca, and now they're going to be doing Mammoth. So they took multiple steps to get to commer…”

“Climeworks operates Orca, the 4000 ton per year DAC plant that began operation in 2021, which was the first commercial DAC plant in the world.”

“Orca has nominal capacity about 4000 tons. What do we mean with that? That means it's that's what the plant was designed to capture at maximum efficiency. So maximum run rate, et cetera. And there's some losses that go away from that.”

“We actually already executed a project debt facility in one of our projects that was for Orca. And that was definitely very hard to get over the line. Also had to be subsidized because Orca isn't profitable at the size where it is.”

“So Orca and Mammoth are luckily they're already completely sold out. For the life that we expect the plant to operate.”

“We can reach now a performance of around two and a half thousand to 3000 tons of run rate. And that took us About two and a half years to get there.”