On December 12, 2018, Climeworks announced a partnership with Coca-Cola HBC Switzerland to pioneer the use of air-captured CO2 in beverages. Since its inception, Climeworks has been on the cutting edge of innovation in the DAC market; Climeworks-captured CO2 is already being sequestered, pumped into greenhouses, injected into soils, and methanated to be used in biofuels. Now, with this agreement, Climeworks is able to expand the commercial use for its CO2 into a new, expansive market, and show once again how productive, versatile, and commercially-viable air-captured CO2 can be.
This partnership is the latest in a series of exciting developments for Climeworks as it seeks to expand its DAC deployment. The beverage industry is one of the world’s largest CO2 consumers, requiring 10 million tons of the gas annually. Since Coca-Cola HBC Switzerland is a subsidiary of Coca-Cola Hellenic Bottling Company, one of the largest bottlers in The Coca-Cola Company, this agreement gives Climeworks a foothold in a massive, stable industry, with ample opportunities for growth.
Climeworks still has its sights set on capturing CO2 on a global scale, and establishing commercial platforms is a necessary step as a technology—and industry—develops. Jan Wurzbacher said in a statement, “By entering the beverage market with Coca-Cola HBC as a global key player, we are continuing our path of commercializing our DAC technology, which began with the world’s first commercial plant in May 2017.”
Climeworks will be working with Pentair Union Engineering, the world leader in the purification and liquefaction of CO2, in order to ensure the captured CO2 is beverage-grade. Climeworks and Pentair Union Engineering have already been working together since 2016 on CAPDrinks, an EU-funded project that seeks to develop a containerized product of beverage-grade CO2. The Coca-Cola HBC project is also supported by Stadtwerk Winterthur’s climate fund and the Environmental Technology Promotion of the Swiss Federal Office for the Environment FOEN.