Carbon Engineering closer to commercialization with carbon-capture plant set for U.K. Made-in-B.C. tech capable of pulling carbon dioxide from the atmosphere is moving closer to commercialization with a first-of-its-kind facility starting significant work across the pond. Carbon Engineering Ltd. revealed late Wednesday its commenced engineering and design work with U.K.-based Storegga Geotechnologies Ltd. on what would be the first large-scale direct air capture (DAC) plant in Europe. The proposed project would tap the Canadian cleantech firms technology to remove between 500,000 tonnes and 1 million tonnes of carbon from the atmosphere annually. We have great confidence that the technology is ready for [commercial] deployment right now, Carbon Engineering CEO Steve Oldham told BIV. But he added that the financing community would like to see Carbon Engineerings first U.S. plant up and running in order to demonstrate its commercial viability. The one-megaton facility is set to be built by 2024 in the Permian Basin, which encompasses parts of Texas and New Mexico. The work currently being done for the British project is focused on ironing out the costs and economic modelling around the facility, while a shortlist of potential sites has already been identified in Scotland.