• The partnership will begin with an initial pilot plant in Norway that removes 1,000 tons of excess CO2 from the ocean annually.
  • The partners intend to test, mature and industrially scale the technology with the ambition to build large-scale, commercial plants.

LOS ANGELES and STAVANGER, Norway, Nov. 01, 2023 (GLOBE NEWSWIRE) — Today, multinational energy company Equinor, and Direct Ocean Capture (DOC) company Captura, announced a partnership to develop industrial scale solutions to remove carbon dioxide (CO2) from the ocean. The partnership will begin with an initial 1,000-ton-per-year pilot plant in Norway that can potentially serve as a launchpad to build large-scale, commercial plants in key regions around the world.

The partners will form a joint team to collaborate on various configurations of Captura’s technology, with the goal to scale. The initial pilot plant will be located at Equinor’s Kårstø natural gas processing facility on the west coast of Norway. It will have a capture capacity of 1,000 metric tons of CO2 annually. Feasibility and design of the Captura pilot has already commenced, with installation planned in Fall of 2024.

The pilot will be built onshore, drawing in seawater and removing a measurable stream of CO2 from it. The captured CO2 is planned for the commissioning of the Northern Lights facilities – the world’s first open-source CO2 transport and storage infrastructure. This will test how DOC technology can deliver high-quality carbon removal credits that are reliable, safe, and certified. Such removals will be required to meet net zero targets by counteracting hard-to-decarbonize emissions. They can also be used to address emissions from the past.

“We believe that Captura has a promising and sustainable technology that could play a pivotal role in removing CO2 from the carbon cycle,” said Morten Halleraker, senior vice president and head of New Business and Investments in Equinor. “We look forward to the collaboration with Captura by bringing in our industrial capabilities in order to de-risk and scale the deployment of the technology.”

The ocean is one of the world’s largest carbon sinks. It absorbs approximately 30 per cent of global CO2 emissions as part of a natural equilibrium with the atmosphere. Captura’s DOC solution enhances this natural carbon removal capability, without increasing CO2 levels in the ocean. It uses renewable energy and electrodialysis technology to capture CO2 directly from seawater. The CO2-depleted seawater then has the capacity to absorb the same quantity of CO2 from the air that was originally removed.

The Kårstø plant will be the final system in Captura’s pilot and scale-up program and is designed to demonstrate the technology’s readiness for commercial deployment. It follows a one-ton-per-year system that commenced operations at Newport Beach, California in August 2022, and a 100-ton-per-year system that was recently installed at the Port of Los Angeles.

“This marks a pivotal moment in our company’s progress,” said Steve Oldham, Captura CEO. “This significant partnership with Equinor enhances our reach and capability exponentially and signifies a huge advancement in our efforts. We’re thrilled to be joining forces with the Equinor team to continue driving towards climate relevant carbon removal.”

Captura’s process has been designed to be highly scalable and cost-effective, while at the same time creating minimal to zero impacts on the ocean ecosystem. It creates no by-products and doesn’t add anything new to the ocean – it simply removes excess CO2 that the atmosphere then replaces.

Captura’s business model is to license its technology to deployment partners globally to enable rapid and widespread roll-out of its DOC technology. Equinor is an investor in Captura and its second plant deployment partner. Captura is also working with Deep Sky, a Montreal-based carbon removal project developer, to build DOC plants in Canada.

About Equinor:
Equinor is a broad international energy company headquartered in Norway with 22,000 employees in 30 countries. For 50 years, the company has turned natural resources into energy for people and progress for society. The ambition is to be a leading company in the energy transition, breaking new ground, creating value and supplying society with energy while achieving net zero by 2050.
www.equinor.com

About Captura:
Captura is a Direct Ocean Capture company headquartered in Pasadena, California. Captura combines innovative technology with the natural carbon removal powers of the ocean to remove CO2 from the atmosphere at large scale and low-cost, providing a critical capability in the fight against climate change. Captura was founded at Caltech and its solution has been validated and supported by the Musk Foundation’s Carbon Removal XPRIZE, the Department of Energy’s ARPA-E, and Frontier Climate. For more information, visit www.capturacorp.com.

  • The companies have partnered to install a Direct Ocean Capture pilot facility in Quebec that removes 100 tons of carbon dioxide from the ocean annually
  • The pilot aims to validate the technology for commercial rollout in Canada and lead to deployment of facilities that remove up to one million tons annually

LOS ANGELES and MONTREAL, July 12, 2023 – Canada is poised to become a leader in a new, high-potential climate solution that removes carbon dioxide (CO2) directly from the ocean. Captura, an L.A.-based Direct Ocean Capture (DOC) company founded at Caltech, and Deep Sky, a Montreal-based venture commercializing carbon removal and storage solutions at scale, are partnering to deploy DOC facilities in Canada. The partners will begin with a pilot demonstration of the technology capturing 100 tons of CO2 annually, with the aim to eventually build commercial facilities that capture between 100,000 and one million tons annually.

The Captura pilot system will be located in Eastern Quebec in 2024 and will be powered by the region’s vast renewable hydroelectric energy. It aims to validate the technology for commercial deployment in Canada as part of Deep Sky’s mission to develop Canada into a world-leading hub for carbon removal. The pilot follows successful demonstrations of the technology in California as part of Captura’s scale-up program. This includes a one ton per year system that has been operating at Newport Beach since August 2022, and a 100 ton per year system that is running end-to-end in the company’s lab and will begin ocean operations in the coming months.

The partnership brings together a wealth of Canadian tech industry heavyweights. Deep Sky was founded by Fred Lalonde and Joost Ouwerkerk who created online travel agency Hopper, the most downloaded travel app in North America. They are joined as co-founders by Laurence Tosi, the former CFO of Airbnb and The Blackstone Group. Captura’s CEO, Steve Oldham, held a variety of executive roles at Canada’s leading aerospace company, MDA, and more recently served as CEO of Canadian Direct Air Capture (DAC) company Carbon Engineering. DAC is a similar carbon removal technology that removes CO2 directly from the atmosphere.

“Eastern Canada provides an ideal location for deployment of Captura’s technology,” said Steve Oldham, Captura CEO. “It has abundant renewable energy to power the system, a skilled workforce from the region’s oil and gas sector that has the expertise to build and operate DOC systems, and significant sequestration potential to permanently store the CO2. This is a tremendous opportunity for Canada to become a leader in Direct Ocean Capture infrastructure and we’re thrilled to be working with Deep Sky to bring our technology to the country.”

Deep Sky is working to build large-scale carbon removal and storage infrastructure in Canada. Acting as a project developer, the company is bringing together the most promising direct air and ocean capture technologies to commercialize solutions at scale. This news marks Deep Sky’s first pilot technology partnership and Captura’s first international partnership to deploy its solution around the world. Captura’s business model is to license its technology to partners globally to enable rapid and widespread roll-out of its climate solution.

Both DAC and DOC technologies are a focus for Deep Sky due to their scalability and measurability. Both solutions remove CO2 directly from the atmosphere or ocean and deliver it as a measurable stream that can be permanently and safely sequestered. When used alongside emissions reductions strategies, this form of carbon removal can help the world achieve net zero targets by compensating for sectors of the economy that are challenging to decarbonize directly. If deployed in localized bays and inlets, Captura’s technology also has the potential to help counteract ocean acidification, which is causing devastating impacts to marine ecosystems and ocean-dependent communities.

“Climate change is the biggest existential threat to humankind,” said Fred Lalonde, Deep Sky Co-Founder. “Wildfires, global droughts, and record hurricanes are just the beginning. We’re serious about building large-scale carbon removal infrastructure to save our planet, and Captura’s scalable, durable and measurable technology stood out as a clear choice for Deep Sky’s first official technology partnership.”

The ocean is one of the world’s largest carbon sinks, absorbing approximately 30 percent of global CO2 emissions. Captura’s DOC solution amplifies this natural carbon removal capability, without increasing CO2 levels in the ocean. The process uses just renewable energy and electrodialysis technology to capture CO2 directly from seawater as it passes through the plant. When the CO2-depleted seawater is returned to the ocean, it has the capacity to absorb the same quantity of CO2 from the air that was originally removed.

Captura’s process has been specifically designed to be highly scalable and cost-effective, while at the same time creating minimal to zero impacts on the ocean ecosystem. It creates no by-products that need to be disposed of and doesn’t add anything new to the ocean – it simply removes excess CO2 that the atmosphere then replaces.

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About Deep Sky:

Montreal-based Deep Sky is building the world’s first gigaton-scale carbon capture company, aiming to remove millions of tons of carbon from the atmosphere and permanently store it underground. Deep Sky brings together the most promising direct air and ocean carbon capture companies under one roof to bring the largest supply of high quality carbon credits to the market and commercialize carbon removal and storage solutions like never before. For more information, visit: www.deepskyclimate.com

About Captura:

Captura is a Direct Ocean Capture company headquartered in Pasadena, California. Captura combines innovative technology with the natural carbon removal powers of the ocean to remove CO2 from the atmosphere at large scale and low-cost, providing a critical capability in the fight against climate change. Captura was founded at Caltech and its solution has been validated and supported by the Musk Foundation’s Carbon Removal XPRIZE, the Department of Energy’s ARPA-E, and Frontier Climate. For more information, visit www.capturacorp.com

A Caltech research project run by Caltech Professors and Captura Co-Founders Harry Atwater and Chengxiang (“CX”) Xiang has been awarded a 7.78MDKK ($USD 1.12M) grant by the Novo Nordisk Foundation CO2 Research Center. The project focuses on the ocean’s capacity for absorbing CO2 from the atmosphere. It aims to quantify the rate of CO2 drawdown resulting from the removal of CO2 from seawater via Captura’s proprietary electrochemical-based Direct Ocean Capture system. 

By using modelling and building a test unit, the project aims to gain a better understanding of the behavior of CO2 at the air/ocean water interface and in the shallow ocean layer. This information will help guide future developments in the Direct Ocean Capture field and support the Monitoring, Reporting and Verification (MRV) of Captura’s carbon removal solution. 

The mission of the Novo Nordisk Foundation CO2 Research Center is to generate new science and early-stage technologies for capture and conversion of CO2, either into inert carbon – for instance stored in material products – or for use in a circular economy. A main part of the center’s role is to call for new ideas within innovative, interdisciplinary research in areas that complement the center’s ongoing research on CO2 capture and conversion. 

Read the Novo Nordisk Foundation CO2 Research Center’s full press release here

The two California companies are partnering to accelerate technology development and industry collaboration in the ocean-climate space.

LOS ANGELES, May 04, 2023 – Captura, a carbon removal company founded at Caltech, and AltaSea at the Port of Los Angeles today announced a partnership that will further advance ocean-climate solutions. As part of the partnership, AltaSea’s 35-acre blue economy campus will become home to Captura’s newest ocean carbon removal system that can capture 100 tons of carbon dioxide (CO2) from the ocean annually.

The latest system is a 100x scale-up from the company’s first pilot that has been operating at Newport Beach, California since August 2022. The new system has already been successfully operating end-to-end in the company’s lab in Pasadena and Captura plans to move it to AltaSea in the coming months to begin ocean field trials. The new, larger system was funded by a third Californian company, Southern California Gas Company (SoCalGas), as part of an ongoing relationship with Captura to support the demonstration and scale-up of the technology.

The AltaSea-Captura partnership provides a unique opportunity for both innovation and collaboration to help address the pressing challenges of climate change. Captura will use AltaSea’s campus as the site for technology testing, research, and analysis to validate, scale and improve its Direct Ocean Capture (DOC) technology. As an ocean science, business, and education hub, AltaSea also provides the ideal platform for community engagement and industry collaboration across the blue economy ecosystem.

“We’re thrilled to be welcoming Captura and their innovative solution to the AltaSea community,” said AltaSea President & CEO Terry Tamminen. “This is what AltaSea is all about – bringing together key players from across the blue economy to scale ground-breaking technologies, forge new partnerships, and convene important conversations on topics critical to the fight against climate change.”

Captura’s DOC technology leverages the ocean’s natural capacity as a carbon sink to remove CO2 from the atmosphere. Powered by renewable energy, the process uses proprietary electrodialysis technology to capture CO2 directly from seawater and deliver it as a measurable stream that can be permanently sequestered or utilized. When the CO2-depleted seawater is returned to the ocean, it has the capacity to absorb the same quantity of CO2 from the air that was originally removed.

By leveraging the ocean to remove atmospheric CO2, the approach is highly scalable and cost-effective. Captura’s process is also unique in that it creates no by-products and doesn’t add anything to the ocean – it simply removes CO2 that the atmosphere then replaces.

“Captura’s technology is progressing rapidly through our piloting program towards large-scale commercial deployment,” said Captura CEO Steve Oldham. “Now, our work with AltaSea means we can further accelerate our technology and monitor how our system interacts with the ocean, and we couldn’t think of a better partner to help us take our progress to the next level. Alongside the support from SoCalGas, this really is a great example of California companies working together to take a leading role in the fight against climate change.”

At AltaSea, Captura’s team will conduct technology development and ocean modeling work that will enable the company to validate and improve the efficiency of the pilot DOC system and guide feasibility studies for commercial facilities. It will provide a semi-contained environment to measure and monitor the resulting atmospheric CO2 drawdown and evaluate the effects of DOC on the marine ecosystem, including its potential for helping to mitigate ocean acidification.

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About AltaSea at the Port of Los Angeles:

AltaSea at the Port of Los Angeles, located on 35 acres at North America’s leading seaport by both container volume and cargo value, is dedicated to accelerating scientific collaboration, advancing an emerging blue economy through business innovation and job creation, and inspiring the next generation, all for a more sustainable, just, and equitable world. For more information on AltaSea, please see our website: https://altasea.org

About Captura:

Captura is a carbon removal company headquartered in Pasadena, California. Captura uses the ocean to extract CO2 from the atmosphere at large scale and at an affordable cost, providing a critical capability in the fight against climate change. Captura was founded at Caltech and the solution has been validated and supported by the Musk Foundation’s Carbon Removal XPRIZE, the Department of Energy, and Frontier Climate. For more information, visit www.capturacorp.com

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Global investors support development of Captura’s scalable and cost-effective Direct Ocean Capture technology, also backed by Carbon Removal XPRIZE, the Department of Energy and Frontier Climate. 

LOS ANGELES, January 12, 2023 — Captura Corporation, a California-based carbon removal company, today announced the closing of a US$12 million Series A financing round. The raise was led by Equinor Ventures, the corporate venture capital arm of multinational energy company Equinor, and joined by Aramco Ventures, the California Institute of Technology (Caltech) through the Caltech Seed Fund, Future Planet Capital, Hitachi Ventures, and mTerra Ventures. 

This global cohort of investors are backing Captura’s unique Direct Ocean Capture technology that was developed at Caltech and has significant potential as a low-cost and highly scalable carbon removal solution. With extensive experience and expertise across the energy and engineering sectors, large-scale project deployment, and ocean-based infrastructure, these new partnerships position Captura to scale rapidly to meet growing customer demand. 

Using only renewable electricity and ocean water as inputs, Captura’s technology removes carbon dioxide (CO2) from the ocean and delivers a measurable and verifiable stream of CO2 that can be permanently stored or utilized in low carbon products, such as sustainable aviation fuel. The CO2-depleted ocean water then draws down an equivalent quantity of CO2 from the atmosphere, utilizing the ocean’s natural capacity as one of the world’s largest carbon sinks. 

Captura’s approach lends itself to immense scalability and cost-effectiveness. By leveraging the ocean to remove atmospheric CO2, Captura’s technology avoids the need to move vast amounts of air over man-made absorbents, as is the case with many land-based Direct Air Capture technologies. The process requires no rare earth elements, produces no by-products, and can take advantage of existing ocean-based infrastructure for large-scale deployments, such as desalination plants or retired oil and gas platforms. The technology also has the potential to assist in addressing ocean acidification. 

This funding will allow Captura to accelerate its rigorous piloting program, while simultaneously continuing to improve the technology. In 2022, Captura began ocean trials of its first pilot system that is capable of capturing one ton of CO2 annually in Newport Beach. Captura is currently building its next-generation pilot system that will have 100x the capacity of the first and is expected to be installed at an ocean-based facility in 2023. In parallel, Captura’s engineers and scientists are developing proprietary optimized membranes to increase electrical efficiency and further reduce removal costs. 

Since inception, Captura has secured funding from a combination of private investment, government funds, and awards, including the Department of Energy’s ARPA-E SEED fund and support from SoCalGas. Captura was named one of 15 Milestone Award winners in the Musk Foundation’s Carbon Removal XPRIZE competition and secured its first carbon removal prepurchase from climate leaders Stripe and Shopify, facilitated by Frontier Climate. 

Captura’s team combines expertise from the carbon removal industry, large-scale engineering experience and world class researchers, and is led by Steve Oldham, former CEO of Direct Air Capture company Carbon Engineering. 

QUOTES: 

Steve Oldham, CEO of Captura, said: “Captura is thrilled to welcome investment from this group of industry-leading companies. Our investors are not only providing the funding to accelerate our technology development efforts, but also bring the global reach and expertise to help drive our business to the next level. Combined with our unique technology and world-class team, Captura is now well positioned to become a major player in the growing carbon removal field.” 

Harry Atwater, Co-Founder of Captura, said: “We are very excited to have this diverse cohort of investors join the Captura team. We’re now poised to combine technical innovation borne at Caltech with the proven experience of our global industry and financial partners to make lowcost carbon removal at scale a reality.” 

CX Xiang, Chief Technology Officer & Co-Founder of Captura said: “We are also deeply grateful for the support from DOE ARPA-E, SoCalGas, Frontier Climate and XPRIZE. Those seed funds helped de-risk the technology and showcase small pilot systems, and they were consequential in garnering this round of investment.” 

Lars Klevjer, Acting Managing Director of Equinor Ventures, said: “Equinor Ventures is committed to investing across a menu of scalable carbon removal technologies. Direct ocean capture represents a compelling space for Equinor to leverage its offshore competence. We look forward to working with Captura to help catalyze its technology and business.” 

Bruce Niven, Executive Managing Director of Strategic Venturing, Aramco Ventures, said: “Captura’s ocean carbon capture represents an innovative and cost-effective approach to reducing atmospheric CO2. It can also be integrated with desalination infrastructure which is already deployed at large scale in Saudi Arabia. We are excited to support Captura to commercialize this technology.” 

Ed Phillips, Partner at Future Planet Capital, said: “Captura has fast become one of the most promising carbon removal companies on the market by leveraging the world’s greatest natural carbon sink, the Ocean. Of all the solutions we’ve seen, Captura stood out, both on technology and track record of delivery. We are thrilled to partner with Steve, CX, Harry and the Captura team as they build commercial, gigaton scale, sub-$100 carbon removal solutions at a fraction of the capital cost of competing approaches.” 

Masakazu Aoki, Executive Officer, SVP and General Manager; Connective Industries Division, Hitachi Ltd., said: “As Hitachi continues to expand in new, promising markets, Captura’s direct ocean carbon capture platform represents both an important growth area and a pathway for continued commitment to Hitachi’s mission of powering social good.” 

Lorena Dellagiovanna, Chief Sustainability Officer; Hitachi Ltd., said: “Hitachi is committed to investing in and partnering with companies that represent pathways to a net-zero future. We are excited to have invested in Captura through our venture capital arm, Hitachi Ventures, to drive innovation in the new and promising field of engineered carbon dioxide removal.”

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About Captura Corporation: 

Captura is a carbon removal company headquartered in Pasadena, California. Captura uses the ocean to extract CO2 from the atmosphere at large scale and at an affordable cost, providing a critical capability in the fight against climate change. Captura was founded at Caltech and our solution has been validated and supported by the Musk Foundation’s Carbon Removal XPRIZE, the Department of Energy, and Frontier Climate. For more information, visit www.capturacorp.com

About Equinor Ventures: 

Equinor Ventures is Equinor’s corporate venture capital arm dedicated to investing in ambitious early phase and growth companies. We believe that the innovation, creativity and agility of startups can drive change, and transition the energy industry towards a low carbon future. 

About Aramco Ventures: 

Aramco Ventures is the corporate venturing subsidiary of Aramco, the world’s leading fully integrated energy and petrochemical enterprise. Headquartered in Dhahran with offices in North America, Europe and Asia, Aramco Ventures strategic venturing programs’ invest globally in start-up and high growth companies with technologies of strategic importance to its parent, Aramco, primarily supporting the company’s operational decarbonization, new lower-carbon fuels businesses, and digital transformation initiatives. Aramco Ventures also operates Prosperity7, the companies disruptive technologies investment program. For more information please visit www.aramcoventures.com

About Future Planet Capital: 

Future Planet Capital is a venture capital firm investing in founders and businesses solving the world’s greatest challenges in climate change, education, health, sustainable growth & security. The firm manages a number of different funds and strategies focussed on companies and founders from the world’s top universities and research centres. Headquartered in London, Future Planet Capital have made investments in over 300 companies and has around $400m in committed capital. This includes the Blue Ocean mandate in partnership with the Prince Albert II of Monaco Foundation to advance sustainable, scalable solutions to ocean productivity and preservation. 

About Hitachi Ventures: 

Hitachi Ventures is the strategic corporate venture capital arm of Hitachi, Ltd. We invest in innovative startups with strategic relevance to Hitachi, Ltd. that address society’s key technological challenges in target areas such as mobility, health care and smart life, industry, energy and IT. With offices in Munich and Boston we cover Europe, Israel, and North America. We look for leading startups with exciting technologies and business models which we support as investors as well as through strategic collaborations with Hitachi business units.

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The advanced technology could help remove carbon from the atmosphere and accelerate CA’s climate goals

NEWPORT BEACH, Calif., Nov. 22, 2022 /PRNewswire/ — Southern California Gas Co. (SoCalGas) and Captura, a carbon removal company founded at Caltech, announced the deployment of an innovative, direct ocean carbon removal technology that uses 100% renewable energy and ocean water to draw down surplus atmospheric CO2.  The technology was recently installed at Caltech’s Kerckhoff Marine Lab in Newport Beach and marks the first time the Captura system will be operating in ocean water conditions. Over the next few months, researchers will test and validate the energy efficiency costs and purity of the extracted CO2. Captura plans to scale up the technology to remove millions of tons of atmospheric CO2, which could help accelerate achieving California’s climate goals.

“Just like solar panels, wind turbines, and clean fuels, carbon removal technologies will be essential tools in the clean energy transition,” said Neil Navin, SoCalGas vice president for clean energy innovations. “Supporting innovations like the Captura technology helps utilities like SoCalGas plan for the infrastructure investments that will be needed to reach California’s climate goals affordably and reliably.”

Carbon management technologies are expected to play an important role in meeting the state’s climate goals. In California, Governor Gavin Newsom’s recent ambitious climate proposal includes setting a 20 million metric tons (MMT) carbon removal target for 2030 and 100 MMT carbon removal target for 2045, emphasizing the role of natural and working lands and the need for safe and equitable engineered carbon removal.

“The climate crisis is already having a staggering impact on California, from droughts and wildfires to heat waves and other catastrophic weather events,” said Assemblymember Cottie Petrie-Norris. “These impacts are only expected to intensify, posing a significant threat to public health and our economy. State leaders need to deploy the full range of technologies available to reduce greenhouse gas emissions, including carbon removal, which leading experts have identified as a critical component of any successful strategy to meet our climate goals.”

“Captura’s process removes a measurable stream of CO2 from the ocean. We then return that de-carbonized water back into the ocean, which then absorbs the same quantity of COfrom the air. The CO2 stream we produce can then be permanently sequestered or utilized in products,” said Steve Oldham, CEO of Captura. “We are grateful for the support that SoCalGas has provided Captura, enabling this initial pilot demonstration and assisting us in quickly scaling up the technology.”

At commercial scale, Captura plans to deploy its technology atop offshore oil and gas platforms as they reach end of life. In this way, Captura can utilize existing infrastructure and co-locate the technology with existing storage sites. The company works closely with environmental health groups and ocean science experts for the protection of ocean ecosystems.

Last year SoCalGas announced its aspiration to achieve net zero greenhouse gas emissions in its operations and the energy it delivers by 2045 and earlier this year released its ASPIRE 2045 Sustainability Strategy to help reach that goal.

SoCalGas research has found that carbon management tools like Captura’s, when combined with electrification and clean fuels like hydrogen and renewable natural gas, deliver the most affordable, resilient, and technologically proven path to full carbon neutrality.

In 2021, SoCalGas joined the U.S. Department of Energy to fund testing of a first-of-its-kind direct air capture technology that captures carbon dioxide from the air while simultaneously collecting water that can be reused for irrigation. The company has a dozen carbon management projects in its Research, Development & Demonstration portfolio, designed to develop new tools to help with decarbonization and net-zero innovation.

Video of the pilot ocean carbon removal technology is available here.

About SoCalGas

Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company’s pipelines will continue to play a key role in California’s clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment.

SoCalGas’ mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy infrastructure company based in San Diego.

For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook.

About Captura

Captura is a carbon removal company headquartered in Pasadena, California. Captura uses the ocean to extract CO2 from the atmosphere at huge scale and at an affordable cost, providing a critical capability in the fight against climate change. Captura was founded at Caltech and was selected as one of 15 Milestone Awards winners for the Carbon Removal XPRIZE. For more information, visit www.capturacorp.com

This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors.

In this press release, forward-looking statements can be identified by words such as “believes,” “expects,” “intends,” “anticipates,” “contemplates,” “plans,” “estimates,” “projects,” “forecasts,” “should,” “could,” “would,” “will,” “confident,” “may,” “can,” “potential,” “possible,” “proposed,” “in process,” ” construct,” “develop,” “opportunity,” “initiative,” “target,” “outlook,” “optimistic,” “maintain,” “continue,” “progress,” “advance,” “goal,” “aim,” “commit,” or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations.

Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: decisions, investigations, regulations, issuances or revocations of permits or other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), U.S. Department of Energy, and other governmental and regulatory bodies and (ii) the U.S. and states, counties, cities and other jurisdictions therein in which we do business; the success of business development efforts and construction projects, including risks in (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, and (iii) obtaining the consent or approval of partners or other third parties, including governmental and regulatory bodies; civil and criminal litigation, regulatory inquiries, investigations, arbitrations and other proceedings, including those related to the natural gas leak at the Aliso Canyon natural gas storage facility; changes to laws and regulations; cybersecurity threats, including by state and state-sponsored actors, by ransomware or other attacks on our systems or the systems of third-parties with which we conduct business, including to the energy grid or other energy infrastructure, all of which have become more pronounced due to recent geopolitical events, such as the war in Ukraine; failure of our counterparties to honor their contracts and commitments; our ability to borrow money on favorable terms or otherwise and meet our debt service obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook and (ii) rising interest rates and inflation; the impact on our cost of capital and the affordability of customer rates due to volatility in inflation, interest rates and commodity prices and our ability to effectively hedge these risks; the impact of energy and climate policies, laws, rules and disclosures, as well as related goals and actions of companies in our industry, including actions to reduce or eliminate reliance on natural gas, any deterioration of or increased uncertainty in the political or regulatory environment for California natural gas distribution companies and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to efficiently incorporate them into our business; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities or systems, cause the release of harmful materials, cause fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms, may be disputed or not covered by insurers, or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic on capital projects, regulatory approvals and the execution of our operations; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those that have been imposed and that may be imposed in the future in connection with the war in Ukraine, which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control.

These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC’s website, www.sec.gov, and on Sempra’s website, www.sempra.com. Investors should not rely unduly on any forward-looking statements.

Sempra Infrastructure, Sempra Texas, Sempra Mexico, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, and Sempra Infrastructure, Sempra Texas, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC.

SOURCE Southern California Gas Company

Captura is excited to be starting ocean trials of our carbon removal technology at Caltech’s Kerckhoff Marine Laboratories in Newport Beach, California. Following a proven end-to-end demonstration at Captura’s facility in Pasadena, we are thrilled to now be operating with a continuous flow of seawater. Capable of removing one ton of CO2 from the atmosphere per year, our first pilot is equipped with sensors and instruments to constantly monitor performance. This pilot system will help Captura continue to drive innovation in our mission to enable large-scale carbon removal via the world’s oceans. 

In parallel, Captura is now moving into the next phase of deployment with the assembly of our second pilot, which will have 100 times the capacity of our first. 

These pilot plants will serve as real-world demonstrations of the rapidly scalable and deployable potential of our Direct Ocean Capture technology. Using only seawater and renewable energy to power safe, permanent, and verifiable carbon removal, our unique approach enables high-quality carbon credits at an affordable price.