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🗞️ Driving the news: Singapore's PUB and US-based Equatic are set to construct the world's largest ocean-based carbon removal facility, aiming to extract 10 metric tonnes of CO2 from the ocean daily
• This $20 million initiative, called Equatic-1, represents a significant scale-up from existing pilot projects, positioning it as a major player in global decarbonization efforts

🔭 The context: The Equatic-1 plant employs a novel electrolytic process to separate CO2 from seawater, converting it into solid carbonates and releasing carbon-negative hydrogen
• This technology not only mimics natural seashell formation but also allows for the repurification of seawater to absorb additional CO2, thus contributing to the reduction of atmospheric carbon levels

🌍 Why it matters for the planet: The plant's innovative approach to carbon dioxide removal could play a vital role in combating climate change by significantly reducing atmospheric CO2 level
• Additionally, the byproducts of this process, including solid carbonates and carbon-negative hydrogen, present new opportunities for sustainable development in the construction and clean energy sectors

⏭️ What's next: Over the next 18 months, the Equatic and UCLA teams will focus on the plant's construction and the optimization of its carbon removal capabilities
• This project paves the way for the commercial scaling of such technologies, potentially leading to the widespread adoption of ocean-based carbon removal solutions and a robust market for carbon credits

💬 One quote: "This energy intensity allows for net-negative carbon removal even when using grid energy that incorporates fossil fuels," - Dante Simonetti, Equatic Co-Founder

📈 One stat: The plant is expected to remove approximately 3,650 metric tonnes of CO2 annually, highlighting its significant contribution to global decarbonization efforts.

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