- Carbon removal startup Avnos has landed $17 million in project finance from Shell and Mitsubishi Corp. to build a “commercial demonstration” plant, the company first told Axios.
- Avnos is going ahead with Project Cedar, a plant that it estimates can remove 3,000 tons of CO2 and produce 6,000 tons of clean water annually.
- Avnos says its approach pulling CO2 and water from the atmosphere requires far less energy than other direct air capture methods, and produces lots of usable water.
Read the full news here: https://www.axios.com/2025/11/06/avnos-direct-air-capture-shell-mitsubishi