Vancouver’s Arca has been named a top 20 finalist in the prestigious XPRIZE Carbon Removal competition.
The competition invites innovators and teams from anywhere on the planet to create and demonstrate solutions that can pull carbon dioxide directly from the atmosphere or oceans and sequester it durably and sustainably.
Arca is 1 of 20 finalists that are working toward the $50 million grand prize that will be awarded in 2025.
Founded by Dr. Greg Dipple and fellow geoscientists from the University of British Columbia, Arca is the carbon mineralization company committed to reversing climate change by capturing carbon dioxide from the air and transforming it into rock.
Arca has developed cutting-edge technologies that accelerate the natural process of carbon mineralization. The company leverages historical mine waste to remove atmospheric CO2 safely and permanently.
Arca’s pathway has gigaton-scale potential with no new demands on land or precious water resources.
“More than just a new technology, our approach is a new pathway to stabilize our climate,” says Paul Needham, CEO of Arca.
“Being named a top 20 finalist in the XPRIZE Carbon Removal competition is not only an honor but a validation of our vision and the pioneering work of our rockstar team.”
Photo: Arca scientist Eric Wynands works on a rover at a project site in Australia. Arca uses autonomous rovers to monitor and accelerate carbon mineralization.
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