Heirloom Carbon Technologies - Company Research Report

Company Overview

Name:

Heirloom Carbon Technologies

Mission:

Harnessing the natural power of limestone to permanently remove billions of tons of carbon dioxide (CO2) from the air.

Founded:

No information is available.

Founders:

No information is available.

Key People:

• Shashank Samala

• Noah McQueen

• Vikrum Aiyer

• Christian Theuer

Headquarters:

No information is available.

Number of Employees:

No information is available.

Revenue:

No information is available.

Known For:

Heirloom is recognized for leveraging limestone in their innovative Direct Air Capture (DAC) technology to permanently remove CO2 from the atmosphere.

Products

Product Offered:

• Direct Air Capture (DAC) Technology

High-Level Description:

Heirloom's DAC technology combines carbon mineralization and Direct Air Capture to create a scalable, low-cost carbon removal solution. The process involves using limestone to absorb CO2 from the atmosphere and then safely storing it underground.

Key Features:

• Verifiable: Each removal credit guarantees exactly one ton of CO2 permanently removed.

• Permanent: CO2 is stored safely underground, preventing it from re-entering the atmosphere.

• Low-Cost: Utilizes abundant and inexpensive limestone to minimize costs.

• Community-First: Committed to social benefits, high-paying jobs, and educational investments.

Recent Developments

Recent Developments in the Company:

• June 24, 2024: Announcement to build two DAC facilities in Northwest Louisiana.

• March 27, 2024: Project Cypress DAC Hub team awarded funding from U.S. Department of Energy.

• February 29, 2024: Published article "Diving deep into underground storage."

New Products Launched:

No information is available.

New Features Added to Existing Products:

No information is available.

New Partnerships:

• October 30, 2023: Agreement with Leilac to employ electric kiln technology at future DAC facilities.

• September 7, 2023: Signed a significant permanent CO2 removal deal with Microsoft.

• February 3, 2023: Partnership with CarbonCure to store CO2 permanently in concrete.

Facility Locations and Milestones

Direct Air Capture Facilities:

1. Northwestern Louisiana:

• Phase 1: 17,000 tons/year, operational in 2026.

• Phase 2: 100,000 tons/year, operational in 2027.

• Phase 3: Additional 200,000 tons capacity in subsequent years.

• Total Capacity: Up to 320,000 tons/year.

• Location: Caddo-Bossier Parish.

2. Central Valley, California:

• Capacity: 1,000 tons/year.

• Location: San Joaquin County.

• Timeline: Operational in 2023.

Additional Notes:

• Heirloom’s facilities are powered by 100% renewable energy.

• Pioneer in community governance model for a new energy economy.

Technical Overview

Innovation Description:

Heirloom accelerates the natural carbon absorption process of limestone, reducing the time frame from years to just days. The key steps include:

• CO2 Removal from Limestone: Using renewable energy-powered kilns to extract CO2 from limestone.

• CO2 Absorption: Treated lime, spread on vertically stacked trays, absorbs CO2 from the atmosphere.

• Repeating Cycle: The process is continuous, optimizing CO2 capture rates and reducing costs.

Technical Advantages:

• Low-Cost Materials: Utilizes abundant limestone.

• Modular Design: Facilities are easy to scale and mass manufacture.

• Data-Driven Optimization: Use of data points to enhance CO2 uptake rates.

Projects

Notable Projects:

1. Northwest Louisiana DAC Facilities:

• Port of Caddo-Bossier near Shreveport.

• Supported by up to $600 million in federal funding through the DAC Hub program.

2. Central Valley, California:

• Partnership with CarbonCure: Capturing CO2 for permanent embedding in concrete structures.

• Community governance model launching in mid-2024 for local engagement and investment.

News

Recent News Highlights:

• Aug 6, 2024: Exploring feasibility of DAC Hubs in Illinois and Florida.

• Mar 27, 2024: Project Cypress DAC Hub team awarded funding.

• Nov 16, 2023: Signs $26.6M offtake agreement with Frontier buyers.

• Sep 7, 2023: Deal with Microsoft for permanent CO2 removal.

Attributes

Key Attributes:

1. Verifiable: Guaranteed and monitored CO2 removal credits.
2. Permanent: Ensures CO2 is stored safely and permanently.
3. Low-Cost: Driven by inexpensive limestone.
4. Community-First: Focused on high-road principles, job creation, and local investment.

Contact Information:

• Press Inquiries: Contact through the website.

• Social Media: [LinkedIn](#), [Twitter](#).

Legal:

• Privacy Policy

• Terms of Service

© 2024 Heirloom Carbon Technologies