What Removr does

Removr is a Norwegian Direct Air Capture (DAC) company founded in July 2022 and headquartered in Oslo, developing industrial-scale solutions for permanent atmospheric CO2 removal. The company is building a project portfolio that scales from current pilots — including the Genesis demonstrator at SINTEF facilities (TRL 5, 2023-2026), the Exodus Digital Twin with AI-driven process optimization (2025-2026), and the EU-funded Sensation pilot (2024-2027) — to a 50,000 tonnes-per-annum commercial facility in Hellisheidi, Iceland (Polar Phase I+II, 2026-2028) and ultimately a planned 1 million tonnes-per-annum megaton solid sorbent DAC facility in the United States (Grizzly, 2030). Its core technology is a proprietary zeolite-based solid sorbent DAC process developed in the Nordics and proven through four generations of pilots since 2016; the process requires no water, fossil fuels, chemicals, critical minerals, or external heat, and is designed to operate entirely on renewable electricity with optional low-concentration point-source capture from aluminum and glass industry emissions.

Removr's revenue model is anchored on the future sale of durable Carbon Dioxide Removal (CDR) credits to corporate buyers with net-zero commitments, supplemented by government grants (NOK 36.3M from Norwegian Enova and $3M from the US DOE). Pricing for CDR credits is not publicly disclosed and is negotiated per corporate offtake agreement; the first commercial credit sales are targeted from 2026 onward through the Polar II project. The go-to-market is enterprise B2B, executed through a CEO- and C-level-led sales motion, partnerships with renewable energy providers (ON Power) and storage operators (Carbfix, which mineralizes CO2 in basalt within two years), and participation in government-backed consortia such as the Ankeron Carbon Management Hub in the US Pacific Northwest.

The company is privately held, with ownership split 60% to Vanir Green Industries (the Nordic industrial investment vehicle that previously took FREYR Battery to a NYSE listing) and 40% to GreenCap Solutions (controlled by Norwegian industrial group BR Industrier). Removr is led by CEO Chi Chow (appointed December 2023), founder/COO Einar Tyssen, CTO Rune Knott (ex-Wärtsilä Gas Solutions), CFO Per Richard Olsen, CPO Ola Klock, and CGO Alex Bell (ex-Agoro Carbon Alliance). The leadership team's profile combines heavy-industry project execution experience with US energy capital markets and carbon-credit commercial expertise, supporting a transatlantic scale-up strategy spanning Norway, Iceland, the Netherlands, Spain, the United States, and Canada.

Name

Removr

Legal name

Removr

Website

https://removr.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Removr is a Norwegian Direct Air Capture company that uses proprietary zeolite-based solid sorbent technology to remove atmospheric CO2 for permanent geological storage, selling durable CDR credits to corporate net-zero buyers via a planned pipeline from 50,000 tpa Iceland to 1 million tpa US megaton scale by 2030.

Ownership category

akta.pro rank

Product category

Direct Air Capture / Carbon Dioxide Removal

NAICS

Industrial Gas Manufacturing (32512)

SIC

Misc Industrial & Commercial Machinery & Equipment (3590)

akta.pro primary industry

Direct Air Capture (DAC) Systems & Plants (EUABAFAA)

akta.pro secondary industries

Direct Air Capture (DAC) Project Development (EUABABAJ), Carbon Removal Project Development, Financing & Offtake (Developers, Aggregators, Buyers Clubs) (EUABAFAL), Post-combustion Capture Systems (Solid Sorbents & Structured Adsorbents) (EUABAGAB)

Keywords

• Direct air capture
• Carbon dioxide removal
• Carbon capture technology
• Carbon removal credits
• Industrial scale DAC

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Infrastructure, Personnel, Operations, Supply Chain, Marketing or Sales

Revenue model

1. Carbon Dioxide Removal (CDR) Credits: Sale of high-quality, durable CDR credits to corporate customers seeking to meet net-zero commitments and compensate for historical emissions. Credits represent permanent CO2 removal from the atmosphere stored in geological formations.
2. Government Grants and Incentives: Funding from government bodies including Norwegian Enova grants (NOK 36.3 million) and US Department of Energy grants ($3 million federal grant) for DAC hub feasibility studies.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Removr develops industrial-scale Direct Air Capture (DAC) solutions that remove CO2 from the atmosphere using proprietary zeolite-based solid sorbent technology and permanently store it in geological formations. The company operates a staged portfolio of pilot, commercial, and planned megaton-scale DAC facilities and sells the resulting high-quality, durable Carbon Dioxide Removal (CDR) credits to corporate customers with net-zero commitments. The process requires no water, fossil fuels, chemicals, critical minerals, or external heat and runs entirely on renewable electricity.

Product overview

Removr is a Direct Air Capture (DAC) company that develops industrial-scale solutions for removing CO2 from the atmosphere and permanently storing it. The company operates a portfolio of projects spanning from pilot demonstrations to commercial-scale facilities, culminating in the planned Grizzly megaton facility. The core technology uses zeolite-based solid sorbent materials for CO2 capture. Projects include: Genesis demonstrator (2025), Exodus Digital Twin with AI-driven process optimisation (2025-2026), Exodus Fully Integrated DAC Unit (2026), Sensation EU pilot (2024-2027), eREGENERATE research (2025-2029), Polar Phase I+II commercial facilities in Iceland (2026-2028), and Grizzly megaton facility in USA (2030). Removr also sells Carbon Dioxide Removal Credits (CDRs) generated from its DAC operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Carbon Dioxide Removal Credits (CDRs) High-quality, durable Carbon Dioxide Removal (CDR) credits generated from Removr's industrial-scale Direct Air Capture operations, with CO2 permanently stored in geological formations. Sold to enterprise corporate customers with net-zero ambitions seeking to address residual and indirect (Scope 3) emissions.
• Genesis Removr's pilot demonstrator at SINTEF labs in Oslo, Norway (TRL 5), built to validate and optimize key technology processes including dehydration and producing high CO2 purity, with planned 300 tons CO2 per year capacity.
• Exodus Digital Twin Removr's digital twin pilot constructing a fully integrated and automated Direct Air Capture system in a simulated environment. Includes an external control system and AI-driven process optimization for simulations, programming, and testing to accelerate design verification and operational optimization.
• Exodus Fully Integrated DAC Unit Removr's fully automated operational DAC unit (TRL 5) demonstrating continuous production of high CO2 purity, serving as a key de-risking pilot for commercial-scale deployment.
• Sensation EU-funded pilot project (TRL 6) for Direct Air Capture and low CO2 concentration streams led by SINTEF, with pilot demonstrations in the Netherlands and Norway. Removr acts as the DAC-deployer within the consortium, demonstrating capture from both ambient air and low-concentration point-source streams.
• eREGENERATE Research project (TRL 6) developing a new DAC system addressing key challenges to secure cost leadership by 2030. Consortium of leading research institutions, universities and corporates led by SINTEF, with Removr as the DAC-deployer.
• Polar I — 15 TPA Commercial demonstrator (TRL 7) at Hellisheidi, Iceland with 15 tons per annum capacity, designed to de-risk the larger Polar II commercial project and avoid delays and cost-overruns.
• Polar Phase I + II Commercial-scale Direct Air Capture facility at Hellisheidi, Iceland with 50,000 tonnes per annum capacity, with full integration to a CO2 storage hub via Carbfix mineral carbonation, generating durable CDR credits from commercial operations.
• Polar II — 50,000 TPA Large-scale DAC project (TRL 8-9) with optimized design and sorbents based on learnings from prior pilots, eREGENERATE, and Polar I. Fully integrated with CO2 storage hub and sale of carbon removal credits from 2026; this is Removr's first commercial project.
• Grizzly Removr's planned megaton-scale Direct Air Capture facility in the United States with 1 million tonnes per annum capacity — described as the world's first large-scale solid sorbent megaton DAC facility — generating durable CDR credits for the global corporate market.

Quantifiable outcome

• 50,000+ tons CO2 removal capacity planned per facility in Iceland
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature5 records

Partnerships

15 partnerships are on record, tiered strategic, core and supporting.

• Billington Process Technology (BPT)strategicTechnology or Integration · 19 March 2024Digital simulation leader developing digital twin for Removr's industrial-scale DAC process. Collaboration includes conceptual simulation, design verification, control system design, and operational optimization. Joint work from 2025-2026.
• CarbfixcoreStrategic or Co-development Partner · 16 August 2022MoU signed for first industrial DAC pilot in Iceland with minimum 300 tons CO2 per year capacity. Expanded to Heads of Terms for 100,000 ton per year plant with permanent CO2 storage via mineral carbonation in basalt formations. Carbfix turns CO2 into stone in less than 2 years with operational track record since 2012.
• SINTEFcoreTechnology or IntegrationTechnology partner and research institution collaboration for DAC technology development and validation. SINTEF leads EU-funded projects including Sensation (DAC and low concentration streams) and eREGENERATE (novel DAC technology for 2030). SINTEF hosts Genesis demonstrator project.
• GreenCap SolutionscoreTechnology or IntegrationTechnology provider (40% owned) controlled by BR Industrier. Provides proven and energy-efficient DAC technology based on zeolite adsorption. Developed 4th generation 50-ton-per-year pilot near Stavanger.
• COWIcoreImplementation/ SI/ Consulting PartnerSelected for COWI's co-creator startup pilot program providing project planning and structuring support for direct air capture projects with planned capacity of 100,000 tons CO2 per annum in Iceland. Engineering partner with century-long history.
• DNVsupportingImplementation/ SI/ Consulting PartnerProjects and verification partner. Published technical due diligence report verifying Removr's scale-up plan and large-scale concept in Q4 2022.
• MetiersupportingImplementation/ SI/ Consulting PartnerProjects and verification partner in the ecosystem supporting Removr's DAC project development.
• StantecstrategicImplementation/ SI/ Consulting PartnerGlobal engineering firm providing logistics and project delivery consulting for DAC plant design. Engaged for megaton-sized DAC facility design including large-scale ventilation, renewable energy, logistics, and modularization expertise. Partnership announced August 2024.
• CyientsupportingImplementation/ SI/ Consulting PartnerDevelopment and engineering partner providing technical expertise for project development.
• GracesupportingTechnology or IntegrationAdsorbents partner for zeolite materials supply supporting DAC technology deployment.
• HoneywellsupportingTechnology or IntegrationAdsorbents partner and digital twin/AI technology partner supporting technology development.
• ON PowersupportingStrategic or Co-development PartnerIcelandic renewable energy provider. Removr in commercial discussions for power purchase agreement (PPA) to secure renewable electricity for Iceland DAC plants.
• Ankeron Carbon Management Hub ConsortiumcoreStrategic or Co-development PartnerCoalition of 13 public and private entities including Carbfix, PNNL, Rocky Mountain Institute, Washington State University, Fluor Corporation, AES, and Lanzatech. DOE-funded initiative for large-scale DAC hub in Columbia River Basin, Washington/Oregon.
• TNOsupportingTechnology or IntegrationResearch institution partner in technology development for DAC and low CO2 concentration streams.
• IFEUsupportingTechnology or IntegrationResearch institution partner contributing to technology development for Direct Air Capture solutions.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Others

• DNV: Independent energy and maritime assurance provider that has published technical due diligence on Removr's scale-up plan. Comparable as a verification partner critical for CDR credit certification, and as a key ecosystem participant in the Nordic CCS value chain.
• FREYR Battery: NYSE-listed battery company previously scaled by Removr's majority owner Vanir Green Industries. Highly comparable as a Vanir portfolio company reference point and as a precedent for the scale-up and capital-markets trajectory Vanir may pursue for Removr.
• Carbfix: Icelandic CO2 mineral storage company and Removr's core storage partner for the Iceland Polar projects. Comparable as an ecosystem enabler — without Carbfix, Removr's Iceland economics would not work — and a potential strategic acquirer of DAC capacity for vertical integration.
• Wärtsilä Gas Solutions: Finnish industrial technology company where Removr's CTO Rune Knott previously led LNG and liquefaction plant operations. Comparable as an industrial gas processing equipment provider and as a potential technology and project delivery partner for DAC plant design and gas handling systems.

Emerging players

• CarbonCapture Inc. US startup developing modular DAC units targeting lower capex and faster deployment. Comparable as a next-generation DAC technology competitor, though at earlier commercial scale than Removr's planned Iceland and US plants.

Direct peers

• Heirloom Carbon: US-based DAC company using limestone-based (lime) sorbent technology with backing from Microsoft, Stripe, and others. Targets commercial DAC at scale by 2030 and competes for the same voluntary CDR credit customers and US DOE regional DAC hub funding.
• Global Thermostat: Pioneer in DAC technology using solid sorbent contactors. Competes directly with Removr in the solid sorbent DAC category and has been developing commercial-scale plants for over a decade.
• Climeworks: Swiss-based DAC pioneer and the most-funded DAC company globally. Climeworks operates Mammoth (Iceland) using solid sorbent technology and sells CDR credits to corporate buyers — the same model Removr is pursuing, making it the most direct comparable for technology, scale, and customer base.
• Occidental (1PointFive / Stratos): Occidental's 1PointFive subsidiary acquired Carbon Engineering and is developing Stratos, a 1 Mtpa DAC facility in Texas. Direct competition for US megaton DAC projects, IRA 45Q monetization, and corporate CDR offtake agreements.

Broad incumbents

• Honeywell UOP: Large industrial process technology provider and Removr's adsorbent and digital twin partner. Comparable as an established incumbent in gas processing and adsorption that could acquire or partner at scale to enter the DAC market, and as a potential competitor for adsorption IP and project delivery.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Removr