In Removr, we develop solutions for removing CO2 from the atmosphere and store it permanently in the geosphere.
Removr’s ambition is to become the global leader in Direct Air Capture. It starts with the world's first large-scale solid sorbent carbon removal facility, leveraging the best available technology, unique Nordic advantages, and a world-class team and partners.
Direct Air Capture (DAC) plants remove CO2 directly from the atmosphere for permanent storage and thereby achieve negative emissions which can be sold as removal credits. Credits are bought by companies with net zero ambitions and their CO2 abatement costs is a key driver for willingness to pay. In 2022, DAC removal credits were valued at more than EUR 1,000 per ton on average1.
It is widely accepted that climate goals will not be met without carbon removal being developed at scale. And DAC is one of few promising technologies. Net Zero requires two 1-million-ton carbon removal plants (DAC/BECCS) to come on stream every week until 2050. Current DAC projects under development may achieve only 1 million ton of CO2 carbon removal combined per year by 20252, however public and private investments into DAC are accelerating.
Sources
1 Removr estimate based on publicly disclosed company data
2 McKinsey, 2021.
Ambition to launch first 1-million-ton DAC plant in 2029
Flexible, environmentally friendly and energy efficient DAC technology enabling economies of scale
Norway and Iceland offering an attractive initial launchpad for DAC
Team with industrial scaling track-record, local relationships and partners with deep carbon capture and storage expertise
Illustration of Removr DAC facility.
Four successful pilots demonstrating proof of concept, Norway
Industrial scale pilot at Technology Center Mongstad, Norway
Commercial scale facility, Iceland
Commercial scale facility, Iceland
The world’s first large-scale solid sorbent DAC facility, location TBD
Zeolite-based capture of molecules in microporous pellets has been used for decades in the space and petroleum industries at large scale. Removr’s zeolite DAC technology is based on GreenCap patented technology which has been proven through four small-scale pilots since 2016. While being the most environmentally friendly among known DAC technologies, Removr’s solution also offers clear cost advantages due to its energy effiency. Removr’s ambition is to reduce electricity consumption by more than 50% compared to current DAC plants.
Energy efficient with novel energy reutilization process
Scalable; no need for water, natural gas or heating
Third-party verified plan to industrial scale facilities
Versatile; possibility of capturing low concentration point source emissions
Most environmentally friendly among known DAC technologies
Photo: GreenCap Solutions, Annelin Rygg Ersland
With headquarters in Oslo, Norway, an industrial pilot being developed in Mongstad Technology Centre, Norway, and further projects being evaluated with partners in Iceland, Removr is ideally located in two of the world’s leading carbon removal industry clusters.
Norway’s Technology Centre Mongstad is the world’s largest and most advanced centre for testing and developing CO2 technologies. Iceland is home of the world’s largest DAC plant and offer unique opportunities for piloting direct air capture combined with permanent storage.
Beyond offering world-class expertise, Norway and Iceland provide access to low cost and renewable energy, an established value chain for transport and storage of CO2, and strong national and local political support.
The Removr team combines deep expertise on adsorption technology, industrial experience, and track-record from rapid scaling and capitalization of green industry projects.
Founder of Removr. Previously Business Director Floating Energy Production at DNV. International experience from eighteen years in DNV and eight years in the senior management team in Fred. Olsen Energy as technical director, chief business development officer, global risk manager and strategic crisis manager. MSc Marine Technology, Norwegian University of Science and Technology.
Previously General Manager at Wärtsilä Gas Solutions, responsible for LNG terminals and Liquefaction plants. Previous roles include Business Development Manager at Wärtsilä and Contract Manager and Project Manager at Hamworthy Gas Systems, ABB and Refeigneration Engineering in Norway and internationally. MSc Mechanical Engineering, Norwegian University of Science and Technology.
Serial entrepreneur and former trader, analyst and business intelligence architect. Nine years as founder and business developer. BSc Industrial Economics & Technology Management, Norwegian University of Science and Technology. Additional higher education within business development, computer engineering, psychology and finance.
25 years of experience as CFO in leading Norwegian and international corporates and start-ups within investment banking, technology and construction. BSc Business Administration and Management from the Royal Norwegian Naval Academy, Bergen, and post-graduate studies..
Previously Founder and CEO of Agoro Carbon Alliance, a leading U.S.-based agricultural carbon offset business. Eight years experience in Yara International, including as SVP Strategic Projects focused on industrial decarbonization. Extensive international commercial leadership experience in industry, agriculture and carbon markets. MSc International Relations, London School of Economics.
Managing Partner in Vanir Green Industries, Removr’s main owner. Recent roles include Investment Director Ventures, Vice President Business Development and Project Director for batteries in Equinor. Previous head of the CEOs Office in Equinor (Statoil) and personal advisor to former President and CEO, Helge Lund. MSc International Relations, London School of Economics.
CEO
Einar Tyssen
Address
Fornebuveien 1
1366 Lysaker
Oslo, Norway
