Develops direct air capture (DAC) facilities that extract carbon dioxide from the atmosphere using established industrial processes. The captured CO2 is permanently stored in geological formations, reducing atmospheric carbon levels and supporting local economic development in the U.S.
Funding
Funding not disclosed
Founders
Product
Problem
Excess carbon dioxide in the atmosphere contributes to climate change, necessitating methods for its removal. Traditional approaches to carbon capture are limited by their reliance on proximity to emission sources.
Solution
Retract develops direct air capture (DAC) facilities that extract carbon dioxide directly from the atmosphere, enabling geographically flexible deployment. The company utilizes established industrial processes to capture and separate CO2. The captured CO2 is then permanently stored on-site in suitable geological formations, effectively reducing atmospheric carbon levels. Retract focuses on developing, constructing, and operating DAC facilities within the U.S. to address excess carbon and bolster local economies.
Target Audience
Retract's primary audience includes entities seeking carbon offsetting solutions, government organizations focused on climate initiatives, and businesses aiming to reduce their environmental impact.
Features
- Direct air capture technology for removing CO2 from the atmosphere.
- Utilization of established industrial processes for carbon capture and separation.
- On-site permanent geological storage of captured CO2.
- Focus on U.S.-based development, construction, and operation.
- Geographically diverse deployment of DAC facilities.