Shell is backing Avnos
Shell and ConocoPhillips back hybrid DAC technology
Oil companies invest in Los Angeles-based Avnos to help commercialise novel technology by end of 2025
Shell and ConocoPhillips have invested in US firm Avnos to support the commercialisation of its hybrid direct air capture (DAC) technology, which cuts energy consumption by using water captured from the atmosphere. Avnos aims to commercial the technology by the end of 2025 after securing total investment of $80m under multi-year strategic and investment partnerships with the two oil companies and with New York-based airline JetBlue. “Avnos is laser focused on delivering the most cost-effective, flexible, and scalable commercial [DAC]in the world,” said Will Kain, CEO of Avnos. “Adding blue-chip strategic partners such as ConocoPhillips, JetBlue Ventures, and Shell provides us with an incredi
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